Bud Wolf Chevrolet will shut its doors

Full story: The Indianapolis Star

Hurt by the public's negative image of American cars, Bud Wolf Chevrolet will close its dealership at 5350 N. Keystone Ave.

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SomeGuy

Greenwood, IN

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#1
Jan 17, 2008
 
True that sales of American cars have gone in the toilet for a while now. However, in this case ... and I work very close to this dealership ... the neighborhood may have something to do with it (after all, the Phoenix Apartments are pretty close). There aren't any non-domestic dealerships in this area until you go much further north on Keystone. Not seeing a lot of new cars driving around recently, foreign or domestic. Car dealers have struggled for years at this spot with one razed and converted into storage rentals just a few years ago. In addition, these dealerships are in close quarters ... not nearly the size of newer dealerships further north on Keystone in Carmel. It's too bad. With the number of unsold and vacant commercial properties on this stretch of Keystone, it might be difficult to find a buyer ... although there have been a few commercial developments across the street. I've always considered the area to be a diamond in the rough with its proximity to Glendale, Broad Ripple, the fairgrounds, the train line that heads along the Binford/I-69 corridor, and reasonable proximity to Castleton (using Allisonville), I-70, I-69 and I-465 ... but that diamond keeps getting rougher. The best of luck to Wolf and especially to the 50 employees who now have to find another job.
nomar

United States

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#2
Jan 17, 2008
 
why is this considered news? whiney owner. poor location & the lack of desire to compete seems to be Mr. Wolf's problem. I'm sure he'll think of something else to do while he's having a nice cool drink on some exotic beach somewhere. This "news story" is a joke.
Unconvinced

United States

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#3
Jan 17, 2008
 
I am not convinced that the politicians are doing anything other than lining their own pockets.
Unconvinced

United States

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#4
Jan 17, 2008
 
Sure Nomar...cause you're hurting so bad up there in "Car-mel"
etc

Indianapolis, IN

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#6
Jan 17, 2008
 
nomar wrote:
why is this considered news? whiney owner. poor location & the lack of desire to compete seems to be Mr. Wolf's problem. I'm sure he'll think of something else to do while he's having a nice cool drink on some exotic beach somewhere. This "news story" is a joke.
Thank you for reminding me once again why I don't want to move to Carmel.

This is news because the failing American auto industry is a serious problem.

It's news because that neighborhood - where I grew up - continues to go down the tubes, and that's bad for citizens.

It's also news because the business tanked after our idiotic property tax system screwed Marion County.

How Carmel can you get?
mister b

Indianapolis, IN

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#7
Jan 17, 2008
 
no advertising...
uninformed sales people...
bad service, in the front and in the service department...
it's call auto sales, not auto order taking
third generation company owners usually don't have the drive to move it forward and milk it dry.
I'm not surprised by this
Fishers resident

Falmouth, KY

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#8
Jan 17, 2008
 
What in the WORLD does that man's city of residence have to do with anything? etc, you make excellent points with which I agree, then void them with blanket generalizations about a geographic location that's mere miles from the topic at hand.

I live in Fishers... does that make me a rich, elitist snob? Never mind that I'm a good ol' boy from southern Indiana doing my part to lower the median income of this area.

Plus, he may not even be from Carmel. Those cities are automatically generated based on IP address. When I post, I've been labeled as anywhere from Louisville, KY to Pittsburgh, PA, even as I sit in my Fishers living room.

Let's see where I am today! Time to click 'post'.
GreenTeeth

Carmel, IN

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#9
Jan 17, 2008
 
Fishers resident wrote:
What in the WORLD does that man's city of residence have to do with anything? etc, you make excellent points with which I agree, then void them with blanket generalizations about a geographic location that's mere miles from the topic at hand......
It's another example of the 'Hate Carmel' phenomenon. You see, to these deranged individuals just about any subject somehow relates to the evil that is Carmel. Morons.
No More

Bloomington, IN

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#10
Jan 17, 2008
 
If the Ind Sales Tax increases by 1%, car sales will further plummet. Now if we lower license plates to $20, maybe the 1% would be acceptable. Binford is reviving. Maybe Keystone will be next.
lastrep

Indianapolis, IN

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#12
Jan 17, 2008
 
nomar wrote:
why is this considered news? whiney owner. poor location & the lack of desire to compete seems to be Mr. Wolf's problem. I'm sure he'll think of something else to do while he's having a nice cool drink on some exotic beach somewhere. This "news story" is a joke.
Kinda like your response, whiney, judgemental, and an expresion of jealousy. Pathetic.
American

South Vienna, OH

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#14
Jan 17, 2008
 
Where the land will sit idle for years.

If you Hoosiers want to see just how important and desirable your city is, look at how long a vacant car lot sits before reacquisition and development.
Joe

AOL

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#13
Jan 17, 2008
 
I think that what is interesting in this news item is the statement that the finL straw was the property tax increase-Wolf thinks people stopped buying--This is the first article I have seen that suggests that some businesses were negatively affected by residents getting screwed by their legislators. I wonder if other businesses were also negatively affected-of course I am sure business is up at Wal-mart as we all try to buy Chinese cheap made goods-so we can export more jobs!Thanks Sen Kenley (R-Noblesville) the legislature's expert in Tax policy!
Prissy Jones

United States

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#15
Jan 17, 2008
 
You have that correct!

Union American auto workers wanted! Lazy? No education? Want to make an inferior product?..no problem. We will pay you $60-120K per year to do so. And we wander why the foreign cars are winning in every class of automobile. I wouldn't accept an American car, if they gave it to me.

And to all of you unemployed auto workers: It is just too bad. You should have received an education and learned additional skills, instead of trying to keep it as dumb as possibe by focusing on one narrow skill set just enough to keep those paychecks coming.

Now welcome to the real world in which the rest of us live and work. By the way, have fun competing in the information age with your antiquated high school or GED level education and limited skill set! You did it to yourselves!
Luke wrote:
The unions have ruined this country.Its no wonder that so many companies have moved overseas.If it is union made,do not buy it.

Since: Nov 07

Indianapolis, IN

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#16
Jan 17, 2008
 
Maybe compare this to the Atlas Supermarket closing?? Both business's were 2nd / third generation business's. Both business's started out as someone's dream. Someone's baby. Both were likely not as profitable as they once were. Both found something, likely not a real culprit, to blame for the closing.

My $0.02
Free Enterprise

Indianapolis, IN

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#17
Jan 17, 2008
 
I feel for the employees of Bud Wolff, and I also realize that car sales are down in general. But, truth be told, for an entire dealership to go down...even after the elimination of the inventory tax...while many others continue to keep their chins up, suggests to me that Wolff just wasn't competitive. If selling cars was that easy there would be more dealerships than there are now (pray not!). Customer service, reputability, integrity, location, marketing and price all play a part in whether a company can stay solvent. Of course the economy is key, but there will always be car sales, just a varying degree of them. Cash flow is probably what's taking Bud down. Cash flow management is both a skill and an art, and it seems they got behind the curve and didn't get back on top before it was too late.
Abe Martin

Dover, DE

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#18
Jan 17, 2008
 
If'n ye don't think we're in a r'cession, stop liss'nin' to the polytishuns and liss'n t'all the Hoosiers outa work and losin' thar homes.
Mako

Indianapolis, IN

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#19
Jan 17, 2008
 
Luke wrote:
The unions have ruined this country.Its no wonder that so many companies have moved overseas.If it is union made,do not buy it.
I agree. And now the NEA is doing for education what the UAW has done to the auto industry.
CHM

United States

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#20
Jan 17, 2008
 
Pretty soon we'll be buying all of our new cars at Walmart. They'll be made in China.
Brownsburg Citizen

United States

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#21
Jan 17, 2008
 
Um.... American cars are not to blame. Ghetto location.
Rusty Crank

Milwaukee, WI

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#22
Jan 17, 2008
 
Nope, here's the deal. The same people that buy general motors cars are the ones that demanded an ARM on thier vinyl village home.(All around brilliant) Now, they have no home, no money. The smart people are still buying foreign cars. The
UAW is still more deadly to the auto industry than an iceburg to the titanic. GM stock is now one-half the 52 week high. How about delphi stock?

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