Ford Sells Oklahoma Dealerships
Ford Motor Co. has sold all six of its Oklahoma City dealerships and no longer will compete with
independent Ford dealerships, according to an Associated Press report.
"It was the wrong strategy, and we are getting
out of the retail business," said Paul Lam, Ford Division southwest region market representation manager in Carrollton, Texas.
A formal announcement on the sale of the Oklahoma City dealerships was expected from Ford, The Daily Oklahoman reported.
Last June, Ford announced it was backing out of the retail business and selling its 13 dealerships in Oklahoma City and Tulsa. Ford also is selling 17 dealerships in New York and
Utah.
In 1998, Fred Jones formed the Oklahoma City Auto Collection with Ford Investment Enterprises Co. Fred Jones was the majority stockholder until 2000, when Ford Investment Enterprises gained control of most of the stock.
Ford bought six of nine Ford dealerships in the Oklahoma City area.
Nationally, many Ford dealers complained about competing with their supplier, but some independent Oklahoma City dealers said their business improved.
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