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McCredy joins the list of closed GM dealers

PENN YAN—McCredy Chevrolet is joining the nationwide list of closed General Motors dealerships.
As of Saturday, Jan. 23, McCredy had written the word ‘CLOSED’ on his dealership office door in Penn Yan along with posting a single sheet of white paper briefly explaining the details.
The note read, “After 19 years of serving the Penn Yan and surrounding area, Scott McCredy Chevrolet is closing.” The note also said that last June the dealership received a letter from GM, along with approximately 1,100 dealers, saying that the McCredy dealership franchise would not be renewed. General Motors then left it up to the local dealers to announce the timeframe of their business “winding down.”
The 1,100 GM dealerships are only part of the restructuring program initiated by the automaker.
GM maintains that by reducing the number of dealers, they will increase dealer profitability and allow remaining dealers to be more competitive with other car manufacturers.
GM filed for bankruptcy June 1. The company has since received $50 billion from the United States government to continue operations.
The dealer cuts were part of the overall company restructuring program.  The auto giant also consolidated car brands and sold off other brands.
McCredy says he will join the Simmons-Rockwell dealership in Bath as of Feb. 1, 2010.

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