The Hempstead Chamber of Commerce says the dealership is the largest employer in the area. It sold thousands of the most popular brand names vehicles in America That is normally a sign of stability but in January tight credit and consumer worries drove U.S. auto sales to the lowest levels in decades.
Gerald Lassister was one of hundreds of employees laid off.
“The economy may be bad, but two days ago, I sold a $58,000 truck,” said Lassiter as he tried to make sense of his job loss. The rich are getting richer and the poor are getting poorer. I can’t give away an economy car.”
The last dealership in the Houston area to close its doors was Bill Heard Chevrolet in September 2008 in Sugar Land.
Industry experts predict next year could be even worse for auto manufacturers and car dealerships.