PENSKE WYNN FERRARI CLOSING

So sad this happened. No other words I can say. Hopefully the whole staff moves including Rich!

 

Unbelievable. Not sure why all this happened but Steve Wynn will lose big in the long run, regardless of his future plans. If he didn't think having a Ferrari dealership was a major asset to his brand and he didn't fight for it he must now be mentally ill.
In regards to the service team there, I hope Towbin does the right thing and takes everyone along with the cars. This team was the best put together Ferrari force I have ever seen in any Ferrari dealer, and with the 32 Ferraris I owned, I have seen my share

 

May not have been his choice....

 

If not Wynn, had to be Penske? There's no one else in the title.

 

I have no idea what happened, but there is one other name in the title.



Mark

 

While my stand by my theory in post #8 of this thread, my theory on Roger Penske's side of this is it's no secret he buys and sells dealerships all the time. Secondly, Roger formed Penske Commercial Vehicles US earlier this year. The P/E ratio on commercial truck dealerships is said to be dramatically in its favor over the traditional car dealership. The commercial truck business is said to be largely unconsolidated, so Roger sees an opportunity. As a result, Roger Penske's moves as of late is not buying more car dealerships, but buying up commercial truck dealerships and quite a lot of them.

Personally, the Penske/Wynn dealership would have been my crown jewel, but I can see Roger's point of view and Steve's point of view, both looking to future opportunities, but from completely different angles.

 

I can't believe no one relized what " really " happened.

....Ferrari found out he purchased his La Ferrari to flip and now they are flexing their muscle... they took the Franchise away...

J/K

But it made me lol

S

 

This sucks but is not surprising. Even if the ownership didn't change I thought this might happen, the real estate is just way too valuable to keep as an exotic car dealership.

Like the Mayor I too will miss parking out front in the loading zone but won’t miss all the hand prints I would find on it from people posing for pictures. I was told by a former salesperson that I could park there after hours so it was nice having VIP parking at the Wynn all these years.

No more feeling like Bruce Wayne pulling in and out of there....

Besides shooting the **** with the guys downstairs it was always nice to go play poker while I was waiting. I would always tell them I'm in no hurry take your time.

On a side note if anyone needs a great person to do a PPI on a Testarossa there's none better than Kevin, I understand he will travel. I highly recommend him.

 

see post # 9

 

And the man wins a Cupie doll.

 

I remember the rumored story how the dealership came about. Steve dealing directly with the man himself Gianni Agnelli, no back and forth with FNA, with Steve's reputation at that point Gianni supposedly loved the idea and ok'd it within a minute.

 

My worst purchasing experience was at a Towbin dealership this last Jun. IMO, Towbin dealers are arrogant, obnoxious, and the epitome of high pressure sales. It will KILL me to take my Scud there. But, conversely, I've never received better service than that I received from Rich, Omar, and the crew. Might have to suck it up and accept the dreaded Towbin header on my service bills. Supporting the service group would be worth biting that bullet.

 

Or it might be the final push that moves me to McLaren.

 

Actually, Wynn would be a great spot for McLaren. I truly hope they use that space for something fun.



Mark

 

That is a good point. But I don't know how they handle Rolls sales. They can't treat someone buying an RR the same way as buying a Dodge Dart... or let's hope not.

I wonder if the service rates will go up....

 

I have to imagine it would make sense to stay from Ferrari's point of view. That has to be one of the higher revenue stores no?

 

Does anyone know if the sales team from WYNN is going to TOWBIN ?

 

Towbin would do well to bring Mike Schiffman along. He sold me my Scud and was a pleasure to work with.

 

I hope Towbin lets us take pictures of the cars. Really annoyed me they were always anal about taking some harmless pics of the cars.

 

The Ferrari dealership was the only reason that I ever set foot on a Wynn property.

 

+1

 

Serves them right also for charging people to see cars..I could not believe it!!

 

I dont know,but probably not, When that normally happens its the same dealer spot taken over . They have a dealership already..But who knows!..Im sure they will get some people like Mechanics anyway!