FI showroom red and grey logo
MenuMENU
SearchSEARCH

Saab Dealer Prepares for Brand’s Shuttering

Less than three weeks after completing a major consumer contest to move 100 vehicles in one month, Saab of North Olmsted is preparing to close it's doors after Saab Automobile filed for bankruptcy on Dec. 19.

by Staff
January 5, 2012
3 min to read


Jim Levine is doing something he never imagined he’d have to do. The general manager of Ohio-based Saab of North Olmsted is preparing to close his store after Saab Automobile filed for bankruptcy on Dec. 19.

Levine had just completed a major consumer contest designed to get his 30-vehicle-a-month Saab store to move 100 vehicles in four weeks. And less than three weeks after naming the winner on Dec. 1, Levine, like many Saab dealers across the country, learned of Saab’s uncertain future.

Ad Loading...

“I think General Motors could have made a deal but I understand why they didn’t want to,” says Levine, whose dealership appeared on the December cover of F&I and Showroom magazine. “I think if they wanted to figure out a solution, they could have but they chose not to. It’s unfortunate.”

The feelings are still fresh for Levine, who owned the Saab store before selling it in 2008 to the 14-store Collection Auto Group. There is still hope for the Saab brand in North America. Saab Cars North America recently announced that it has hired McTevia & Associates, a nationally recognized financial advisor to companies in transition, to oversee the company’s out-of-court efforts to keep its operation running.

SCNA also said last week that it’s investigating all options aimed at reinstating its parts business in North America. Company officials added that Saab Parts Company in Sweden remains operational and is not impacted by the bankruptcy.

In the meantime, Levine said his store will liquidate inventory until it runs out of vehicles.  A few vehicles will be retained as loaner cars, he added. “[Liquidation] is going good. It’s unfortunate but we’re selling about 8 to 10 cars a day,” he said.

Levine’s dealership was more than 20 units into his contest’s 100-unit goal when he spoke to the magazine on Dec. 29 last year. The multi-faceted campaign, called Snap up a Saab, was launched on Oct. 30, and turned 400 North Olmsted residents and 100 of the dealership’s 2012 models into rolling billboards. Each week, 100 contestants were asked to drive their new Saab around town to get as many people as they could to scan one of two QR Codes placed inside the vehicle and out.

Ad Loading...

The grand-prize winner, a long-time customer of the dealership, was handed the keys to a new 9-5 Aero, outfitted with a navigation package. Levine said his store was still working with other contestants when news of Saab’s bankruptcy filing broke. Since then, Levine said he’s seeing a lot of longtime customers, many Saab enthusiasts, coming back to his store to buy a Saab while they still can.

Levine said his dealership plans to honor the factory warranty for anyone that bought vehicles between February 2010, when GM stopped honoring the warranty, and Dec. 19. The dealership is not offering a warranty on vehicles purchased through the liquidation, but Levine said the dealership has signed up with Fidelity Warranty Services to offer customers an extended service contract that mirrors the factory warranty.

As for the dealership, Levine said Collection Auto Group plans to repurpose the building as a Mercedes-Benz Certified Pre-Owned center. Levine isn’t sure about his own future, but said he plans to stay with the dealer group. “It’s sad, but, in a way, it’s interesting because we’re seeing a lot of our longtime Saab customers coming in to buy while they can,” he said. “People we haven’t seen in long time are coming through the doors to take advantage of the deals. They’re still great cars.”

More Auto Finance

Photo of document next to calculator and inkpen
Auto FinanceJuly 20, 2026

Dealerships Are Paying the Price for Extended Car Loans

Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.

Read More →
silver car in background with hand in front holding out a set of keys, Trade-In Trouble, F&I and Showroom
Auto Financeby Lauren LawrenceJuly 20, 2026

Trade-Ins in Negative Equity Reach New Heights

As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.

Read More →
Two men in suit jackets shaking hands in front of a new-looking white vehicle
Auto Financeby Hannah MitchellJuly 15, 2026

Auto Credit Plentiful

June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.

Read More →
Ad Loading...
Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Photo of man holding a car key
Auto Financeby Hannah MitchellJune 17, 2026

New Cars a Tad More Affordable

May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.

Read More →
Photo of a white toy car next to piles of coins
Auto Financeby Hannah MitchellJune 8, 2026

First-Quarter Sees Long Auto Loan Growth

Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.

Read More →
Ad Loading...
Assurant, Mastering Credit Friction, Sales Series, Expert Trainer Josh Krach
Auto FinanceMay 29, 2026

Mastering Credit Friction

In this video, Josh Krach explains how to turn credit friction into an advantage.

Read More →