Saturday May 30, 2020

Financial crisis does to Cullen what Suez never could

A slowdown in sales and the loss of Renault distribution rights signalled the end of the road for Bill Cullen, writes Ian Kehoe, Business Editor.

13th October, 2012
Bill Cullen: sales of new cars plummeted by 65 per cent in 2009 alone.

Three years ago, I spoke at length to Bill Cullen. The motor industry was in a state of crisis - car dealerships were going out of business at a rate of two a week and the sector had shed a quarter of its entire workforce in the preceding 18 months.

Sales of new cars plummeted by 65 per cent in 2009 alone. Essentially, there were too many dealerships selling too few cars, and Cullen knew it....

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