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His car dealership company, Hendrick Automotive, is one of the largest, if not the largest, privately owned car dealership group in the nation. It employs about 10,000 people and generates about ...
By September 2008, Bill Heard Enterprises was the 11th-largest automobile dealer in the United States (and as high as seventh at the start of the 21st century), [7] the largest in the state of Georgia, and the largest dealer of Chevrolet automobiles [8] in the United States.
The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. [4] [5]
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
Headquartered in Charlotte, North Carolina, his company had a revenue in excess of US$3.5 billion in 2009, after selling 100,000 vehicles and servicing 1.5 million, and is the sixth-largest dealership in the United States. [3] Hendrick is also the chairman of the company. [4] [5]
Chevrolet Corvette: Detroit/Hamtramck Assembly: 2500 East Grand Blvd. Detroit, Michigan 48211 GMC Hummer EV: Fairfax Assembly: 3201 Fairfax Trafficway, Kansas City, Kansas 66115 Chevrolet Bolt EV: Flint Truck Assembly: 3100 Vanslyke Rd. Flint, Michigan 48551 Chevrolet Silverado, GMC Sierra: Fort Wayne Assembly: 12200 Lafayette Center Rd ...