You know what they say... THE FASTER YOU GO UP, THE HARDER YOU FALL..LOL
They should have used their money to turn debts into assets rather than be greedy and borrow more money to purchase new businesses. The whole thing was running on borrowed money.
The only dealers that are safe now are those who have been in business for a long time and own the premises and used cars outright.
My mate works for the subaru dealer accross the road, and he tells me that Nepean Motor Group was under so much financial preassure over the last year that customers where just walking accross the road and buying a car from him coz they hated the hard-sell tactics used from the General Sales Manager.
I'm sure a well backed company (like Inchcape, Suttons, AHG) will take over soon and the workers there will be feeling more secure.
I heard they stopped the Nepean Motor Group owner trying to skip the country to Pakistan with an undisclosed sum of cash??? hahahahahahaha