Quote:
Originally Posted by factorystock
This was discussed on other threads of course, but, if you think about it, there is no way in hell you can stay in business eating invoices on new vehicles. GM didn't give these trucks away free. 2000+ bucks apiece was a lot of money in the mid 60's. And why is the inventory heavy in certain years and next to nill in other years? I don't buy they were hard sells, every other dealer in America had no problem selling out everything on their lot. Was the dealership lot in a flood plain? Insurance right offs bought back for peanuts? The question is : How can he afford to do this? Being in a rural region, sparsely populated, they couldn't of sold tons of volume to absorb these losses. Just sayin.
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The story goes , Lambrecht was the guy to go to , he sold MORE new Chevrolets than anyone else. Good sources said he was the biggest volume seller in that area and also supplied other dealers, GM also sent him or offered him their leftovers. There were so many stories from the locals , this guy NEVER spent his money. The meager house he lived in was said to not even have drywall in parts of it till 4-5 years before the auction. The Grocery store in town said his money smelled like mold because it was stored in the basement . The guy was cheap , stubborn and new how to make money but the depression mentality told him to keep everything and save every penny. The building across the street from the dealership where several of these vehicles were stored in , a wall collapsed into the main road leading into the town , reason for the dented roof on the Cameo. Lambrecht put barricades around the debris and it stayed that way for years, have pictures of that somewhere . Many many stories were told from the locals about what he got away with in small town Nebraska. Wade Waterbury is probably the best source,the son of Lambrechts Mechanic , he remembers growing up on the farm where all of these were stored. He gave me a lot of info after the auction. One of my trucks is still in his Dads name with 3 miles.