Vista Auto Group to sell Subaru, Chevy dealerships
Vista Auto Group of West Glenwood is withdrawing from the Glenwood Springs market entirely, according to a press release issued Wednesday.
Vista closed its Honda dealership in mid-March. Now the company hopes to sell its Subaru and Chevrolet dealerships and close its doors by May 31.
“We’re proud to have serviced the Glenwood Springs community for the past four years,” said Vista general manager Steve Rossi.
“However, the state of the economy in this market, which was largely affected by the loss of thousands of oil, gas and real estate jobs, made it difficult to keep revenues up. It didn’t make financial sense to keep these stores open,” Rossi said.
The company will consolidate operations at its Silverthorne location, where it will continue to sell and service Subaru, Jeep, Chrysler and Dodge vehicles.
Jeff Carlson, president of Glenwood Springs Ford, said private negotiations are under way to ensure that a Subaru dealership remains in Glenwood Springs. He would not provide further details.
Rossi could not be reached to comment on the prospects for selling the Chevrolet franchise.
The company’s press release stated that Vista attempted many cost-cutting measures to stabilize its business in Glenwood Springs, but the challenges were too severe to overcome.
“The decision was purely financial,” the release stated.
Rossi said employees were notified Tuesday of the company’s plans to sell, and he is working with other Glenwood Springs auto dealerships to place Vista employees in jobs at other dealerships here.
“The willingness from other dealerships to hire our employees has been tremendous,” Rossi said. “The community really came together on this one.”
Vista employs 45 specialists in Glenwood Springs stores.
Carlson confirmed that Glenwood Springs Ford has already hired one Vista staffer, has offers out to two more, and would be interviewing others.
Vista Auto Group is owned by a set of six holding companies that are, in turn, owned by Brian J. Pope of Vail, according to business registrations on file with the Colorado Secretary of State. Pope could not be located for comment.
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