[DML] Re: Useless History - was Source for Struts
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[DML] Re: Useless History - was Source for Struts

Stagflation of the late 1970's, followed by the quite severe recession
of 1981, dealt a death blow to DMC as well. Oil Crisis #2 that
preceded them rubbed more salt in the wounds. People seem to have
forgotten how trying the turn of the 80's were (although I did enjoy
having a bank CD that earned 18% interest).

Had JZD made a go of it in an economic environment similar to 10 years
earlier or 10 years later, things might have turned out very
differently. Economics may be dull, but they are a limiting factor.

Bill Robertson

>--- In dmcnews@xxxxxxxxxxxxxxx, <rob@...> wrote:
> Claude,
> Why is it a "Big question"? Does anyone really care besides your self? I
> don't recall avoiding this question before or saying I was "great?with
> Delorean's" either but in any case there was no conspiracy on GM's
part. You
> are probably right that they weren't thrilled about us selling
> however. Actually your question does pertain to my family history as
well as
> business but I have no problem sharing the information. In 1979 when the
> second fuel crisis hit the states we had the misfortune to be
sitting on a
> couple hundred four wheel drive trucks in our inventory. These
vehicles went
> from "hot" to definitely not almost overnight and our "floor plan"
> rate) was in the mid teens at the time. That worked out to a few hundred
> dollars per vehicle each month. A recession followed and we lost
money for
> several years as a result. In 1982 another dealer who was making money
> selling fuel efficient Japanese cars made us an offer for the
franchise and
> we felt it was in both our and our employee's best interest to
accept it. So
> there you have it, no conspiracy, just dull economics. Maybe now we
can put
> the topic to bed?
> Rob Grady,
> P.J.Grady Inc.

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