Mercedes-Benz buys back and closes 29 Maybach dealers
Mercedes recently made a move to minimize its losses by reducing the number of Maybach dealerships in the U.S. from 71 to 42. Though many Maybach dealerships are attached to Mercedes-Benz dealerships, owners were still forced to spend around a half a million dollars to build special "studios" that pampered the ultra-rich who were interested in a Maybach.
In order to close a Maybach dealership, however, Mercedes offers compensation those dealers who invested in the brand. Unfortunately, the automaker is only paying out 25 cents on the dollar, meaning a dealer who invested $500,000 is only getting $125,000 back. Buying high and selling low is not the best investment decision, but then again, neither is buying a Maybach.
[Source: Automotive News, sub. req'd]
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