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Thursday, Jun 1, 2023

Glendale Cadillac dealership closes

GLENDALE , The last remaining Guy Schmidt car dealership on Brand Boulevard has shut its doors, leaving scores of secretaries, managers and salespeople out of work and officials looking to replace the Cadillac, Buick, Pontiac and GMC site with another buyer to run the 10-acre lot. The 400 S. Brand Blvd. lot shut down two weeks ago as revenue continually declined amid soaring oil prices and a credit crunch that constricted personal budgets, store manager Akins Akins said. Though “business was terrible” before the shop closed its doors, Schmidt sold the dealership for “personal reasons,” and dealer officials have been looking for potential buyers to purchase the shop ever since, Akins said. ] For the full story visit www.glendalenewspress.com/articles/2008/09/24/business/gnp-dealership24.txt

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