Bankruptcy

Lincoln Dealer Near Ford Headquarters Closes Its Doors

Lincoln Dealership near Ford's headquarters in Michigan has closed its doors after 50 years of business. The dealership cited the loss of Mercury sales as the primary cause.

Things are getting pretty tough right now for Lincoln. Just recently, the Lincoln dealership located right next to Ford's headquarters in Dearborn, Michigan closed its doors after more than 50 years in business. The Garden City based dealership had originally belonged to former Detroit Red Wing Stu Evans, originally called the Stu Evans Lincoln Mercury and later became the Metropolitan Lincoln Mercury in October 2006.

The former hockey star founded the business back in 1945 and due to declining losses had to close the dealership. John Obeid, a managing partner said that "The loss of Mercury sales sent the dealership into a tailspin." Stu Evans passed away in 1996 and left the business to his grandson, John, in 1993. In 2008, John Evans eventually filed for Chapter 7 bankruptcy in Florida. The closing of Lincoln dealerships has been expected after the move by Ford to discontinue Mercury in 2010. At the time, Ford wanted to focus its attention on fewer brands.

They eventually decided to eliminate the Mercury from its production line. In all likelihood, there will be more Lincoln dealerships forced to close due to lack of product and sales.

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