zzdcar
Home
/
Reviews
/
Culture
/
Bank Repossesses 50 Alfa Romeos From Struggling Dealership
Bank Repossesses 50 Alfa Romeos From Struggling Dealership-October 2024
2024-02-19 EST 22:12:59

Image for article titled Bank Repossesses 50 Alfa Romeos From Struggling Dealership

Man, the pile of troubles a struggling Alfa Romeo dealership in Dallas has found itself under seems endless. Customer complaints, unpaid rent and now, , are reportedly just the tip of the iceberg of problems facing Kamkad Automotive.

Kamkad Automotive owns three dealerships in Texas—Alfa Romeo Fiat of McKinney, Alfa Romeo of Dallas and Kamkad Hyundai of Huntsville. The whole company is in debt to the tune of $35 million dollars, CEO Ken Strickler told :

“I’m not trying to deflect the blame,” Strickler said. “It’s on us 100 percent.”

Strickler said he ordered too many luxury cars in 2017 and fell behind with his lender.

“To lower our lender’s risk, we had to increase customer dissatisfaction,” Strickler said.

At his three dealerships, Strickler said he still needs to resolve 26 trade-in issues to the tune of $700,000, on top of 40 tax, title and license transactions.

The company was recently the subject of an exposé after a deal to buy a similarly struggling dealership fell through, which is when it was revealed that dozens of customers had complained about not receiving titles or license plates for their newly purchased vehicles. Some customers told CBS 11 that the company hadn’t paid off their trade-ins either, leaving them to deal with two car payments each month. At least 77 people have complained about the dealership, and it is still under investigation by the Texas Department of Motor Vehicles and Strickler is facing losing his license to operate dealerships in Texas. When CBS 11 reached out to Stickler, they found a note on his office’s door demanding rent payment.

It sounds like his troubles start in 2017 when he bought waaaay too many Alfas in the first place. Who among us hasn’t bitten off more than we could chew? Luckily, if you’re looking for a great price on an Alfa Romeo the folks at ADESA Dallas in Hutchins, Texas, will treat you to a nicely priced Romeo, with a title and everything. Because if there’s one place not going out of business any time soon, it’s the repo auctions.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
Nissan Is In Absolute Shambles
Nissan Is In Absolute Shambles
You ever wake up and realize that the past 11 years of your life have been treading water, and you’ve been in stasis the whole time? You’re not alone! Nissan will share a beer with you, and talk resolutions, too. All that and more in for Tuesday, Nov. 12,...
Oct 23, 2026
Led Zeppelin — 'Bron-Y-Aur Stomp'
Led Zeppelin — 'Bron-Y-Aur Stomp'
Traffic sucks, so why not start your morning off with some music? You provide the toast and we’ll provide the jams. A lil somethin' somethin' to get you pumped up for Tuesday. ...
Oct 23, 2026
Ken Block Shipped His Hoonitruck To A Chinese Mountain So You Could See Climbkhana 2 On 11/18
Ken Block Shipped His Hoonitruck To A Chinese Mountain So You Could See Climbkhana 2 On 11/18
You may know Ken Block from such films as , or . The latter of the two was a wild sideways-and-smokey run up Pikes Peak with cinematography help from the legendary Jeff Zwart. Pikes Peak is dangerous when you aren’t drifting and showboating for the camera, which made that...
Oct 23, 2026
Holy Crap The New 2021 Kia Optima Looks Really Damn Good
Holy Crap The New 2021 Kia Optima Looks Really Damn Good
In general, the Kia Optima (K5 in Korea) isn’t one of those cars you generally think about too much unless you’re looking down at the rental car keychain to remember what they gave you. But that’s not really a fair assessment: the Optima has been steadily and stealthily getting...
Oct 23, 2026
Japan Wants You To Stop Buying All Its Skyline GT-Rs
Japan Wants You To Stop Buying All Its Skyline GT-Rs
Being in the export and import business in Japan pays off. As sketchy as that might sound, Japan exports a little . Most of these cars are pretty unremarkable, bound . But a small percentage of cars leaving Japan every year are held dear by many enthusiasts in the country....
Oct 23, 2026
Chevrolet C8 Corvette Bows Down To Its New Lord: Snow
Chevrolet C8 Corvette Bows Down To Its New Lord: Snow
Look, I get it. For many cars, snow is kryptonite. You lose grip, the weight transfer gets all funny and you can’t really steer or brake well. Each year, snowy conditions claim countless cars, and not even the is godly enough to escape the snow’s wrath. Yesterday, Michigan got...
Oct 23, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved