2bees Posted August 21, 2014 Share Posted August 21, 2014 Why would anyone think he was nice? My parents bought a car from him years ago, it was a pig in a poke and the after care was a joke. Link to comment Share on other sites More sharing options...
craggy_steve Posted August 21, 2014 Share Posted August 21, 2014 Heard it on the Manx Radio news this morning. A real shame, nice people. There will be more bad news over the next few months, times are getting tougher. Link to comment Share on other sites More sharing options...
woolley Posted August 21, 2014 Share Posted August 21, 2014 That's right. I know some who are definitely struggling and others if you read between the lines. Keep your credit accounts tight folks. Link to comment Share on other sites More sharing options...
craggy_steve Posted August 21, 2014 Share Posted August 21, 2014 Sound advice - but difficult. Keeping credit tight will make some failures more certain when they perhaps could have traded past their difficulties, thereby losing them as customers as well as their employees jobs. Bit of a tightrope this risk business. Link to comment Share on other sites More sharing options...
hillshepherd Posted August 21, 2014 Share Posted August 21, 2014 Heard it on the Manx Radio news this morning. A real shame, nice people. There will be more bad news over the next few months, times are getting tougher. i have been forecasting this scenario for a couple of years now and suffice to say [i fucking told you] there will be more,there is a dealer who commands two full pages each week in every manx rag does'nt seem to sell much as the adverts dont change from year to year,thats an awful lot of money rotting on the forecourt,now there are more unemployed = more ss payments + less income for our useless government to pay to the useless civil servants, when will this tynwald mob WAKE UP. Link to comment Share on other sites More sharing options...
NoTail Posted August 21, 2014 Share Posted August 21, 2014 There seems to be some confusion here. A local garage goes into administration. We do not know why - could be bad management, overstocking, undercapitalization, incompetence. All sorts of reasons. One reason it isn't is incompetent government. Please do not conflate wholly different issues. Link to comment Share on other sites More sharing options...
2bees Posted August 21, 2014 Share Posted August 21, 2014 Credit control (or lack there of) is a pain on the IOM everyone is the bosses best mate. Link to comment Share on other sites More sharing options...
hillshepherd Posted August 21, 2014 Share Posted August 21, 2014 There seems to be some confusion here. A local garage goes into administration. We do not know why - could be bad management, overstocking, undercapitalization, incompetence. All sorts of reasons. One reason it isn't is incompetent government. Please do not conflate wholly different issues. its ALL one issue muppet, the "economy" is fucking screwed and politicians [are you one?] even now cannot see it. Link to comment Share on other sites More sharing options...
John Wright Posted August 21, 2014 Share Posted August 21, 2014 It appears open. Administrators taking stock and trying to sell? They will want to try and keep it a going concern to sell on, but if there are no buyers then the stock will be cleared in the trade. As for prices I just drove past the Vehicle Sourcing Centre opposite the Pulrose Bridge / Peel Road lights and they have several cars at £30+, 2 at £50k p0lus and one at £5 under £150k. Is that optimism or madness or an indicator that the correct product sells? Link to comment Share on other sites More sharing options...
woolley Posted August 21, 2014 Share Posted August 21, 2014 Sound advice - but difficult. Keeping credit tight will make some failures more certain when they perhaps could have traded past their difficulties, thereby losing them as customers as well as their employees jobs. Bit of a tightrope this risk business. I know, it is definitely a tightrope. An art more than a science. They might trade through it but they might not, and better they go down than take a whole chain of others including you with them. Link to comment Share on other sites More sharing options...
Slim Posted August 21, 2014 Share Posted August 21, 2014 its ALL one issue muppet, the "economy" is fucking screwed and politicians [are you one?] even now cannot see it.There's plenty of businesses who aren't going into administration, so how is the economy 'fucking screwed'? Link to comment Share on other sites More sharing options...
Max Power Posted August 21, 2014 Share Posted August 21, 2014 The difference between a used car dealer and a new car dealer like Barry Curran is that he has had to dance to the tune of the manufacturer. These people don't understand the lack of viability of their business models in places like the Isle of Man. There are not enough people for the number of franchise dealerships to justify the franchise costs and requirements. Barry Curran paid rent for his premises which is a further liability which other franchised dealers here don't seem to have. When you take into consideration costly franchise requirements, the island's high costs of rental, light heat and power, higher finance costs, increased staff costs etc compared to the UK and balance it out against the low population and lower potential of the market, even the dealers who own their own premises are struggling to make it work for them. When you look at who the franchise holders are on the island, they are generally long established family owned businesses who do it because that is what they have always done. They built their businesses in much more viable times. Link to comment Share on other sites More sharing options...
2112 Posted August 21, 2014 Share Posted August 21, 2014 The top and bottom of it all, is THERE IS NO MONEY FLOATING AROUND ON THE ISLAND. People are putting off purchases and delaying big ticket purchasing. If there was confidence, then I am sure that people will spend money. I can't see confidence returning for a long while. The UK is well into its stride with its GDP figures, but it will take a few years before the island recovers, that's if it does - due to economic waste and government revenues. Link to comment Share on other sites More sharing options...
Nom de plume Posted August 21, 2014 Share Posted August 21, 2014 Barry Curran Motors? Great location for a Pizza Express or TGI Fridays ... Just sayin' Link to comment Share on other sites More sharing options...
NoTail Posted August 21, 2014 Share Posted August 21, 2014 I used to like Pizza Express, in recent years had a few bad ones though. Link to comment Share on other sites More sharing options...
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