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Archive for the ‘American Car Center’ tag

American Car Center, 1640 Airport Boulevard: 24 February 2023   1 comment

Posted at 11:01 pm in closing









This location of American Car Center has a much less distinctive building than the one on Two Notch, but like that one was caught in the bankruptcy of the whole chain in February of 2023.

As Fortune put it:

American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond sale from the market, according to people familiar with the matter.

The used car retailer, which tends to target consumers regardless of their credit history, said in an email to employees on Friday the firm was ceasing all operations, closing its headquarters in Memphis, Tennessee, and that all employees would be terminated by the end of the business day, the people said. The headquarters has about 288 people.

The closure email came a day after the company sent another message to staff saying management and advisors had been working with lenders to improve liquidity and continue operations, the people said. American Car Center, which has more than 40 dealerships across 10 states, is owned by York Capital Management LLC.

Interestingly, both Columbia locations have electronic signs that are still active. However, I can tell you that as I took these pictures, it was neither 6:52pm nor 38 degrees...

Written by ted on June 10th, 2024

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American Car Center, 6409 Two Notch Road: February 2023   4 comments

Posted at 10:26 pm in closing






This WLTX article (which is actually mostly about another used car dealer closing) mentions in passing that American Car Center closed in February. The story also calls it a subprime auto dealership, a term I am unfamiliar with, but which doesn't sound like something you would care to be called.

The property is fairly attractive. It's elevated with a nice view, and the buildings still seem to be in good shape. Assuming the economy picks up some, I expect another dealer will move in soon.

Read the rest of this entry »

Written by ted on May 2nd, 2023

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