Tuesday, May 22 , 2018, 1:28 am | Fair 56º

 
 
 
 

Business

WHEELING & DEALING

Talks Under Way to Sell South Coast Chrysler Dealership

No layoffs are planned, but owner Jim Crook says tight credit lines have put a squeeze on his business and his customers

Customers interested in buying a Chrysler in Santa Barbara may have to wait until later this month, as sales have been halted and talks may be near complete to sell the South Coast dealership.

“We are in the process of selling the dealership,” Santa Barbara Chrysler Jeep Dodge owner Jim Crook told Noozhawk on Monday afternoon. “We’ve determined it’s time to sell the store.”

He did not disclose who is buying the franchise.

Earlier this year, Crook, who has run the dealership for 31 years, expressed concern about the tight credit lines, and said the past two years have proven extremely difficult.

“It’s been a struggle,” Crook said at a meeting of business owners.

Customers who want to purchase cars often can’t get loans even if their credit is adequate, said Crook, adding that his business also has had difficulty getting loans.

On Monday, the parts and service departments at Chrysler Jeep Dodge Hyundai, 6290 Hollister Ave., were still open, but employees said no Chrysler sales were being conducted.

No layoffs of the nearly 20 employees at the dealership were planned, Crook told Noozhawk, contradicting weekend media reports.

Employees at the business said Chrysler and Hyundai vehicles will be for sale on an order basis until the deal is finalized, possibly by later this week. The Santa Barbara Airport leases the property to the dealership.

Noozhawk contributor Ray Estrada can be reached at .(JavaScript must be enabled to view this email address).

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.

Become a Supporter

Enter your email
Select your membership level
×

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >

Meet Your Realtor Sponsored by Village Properties

Photo of John Sener
John Sener
"I am known for tenacity, diligence, honesty, and sound decision making with the ultimate goal of closing every transaction to the satisfaction of all involved parties."

Full Profile >