
An employee and Huntley Chevrolet confirmed Friday that Chevy had terminated the company's dealership agreement. "We got the letter on the 12th, I think. We've just been telling people about it who come in to buy a car."
Huntley Chevrolet owner Jeffrey Wulbert could not be reached at his home or his residences in Wisconsin or Florida for comment.
Huntley Village Manager Dave Johnson said, "We're a little surprised. They'd made the "first cut" (of announced terminations). They've had trouble out there, that hasn't been a secret."
The "trouble", a likely contributor to GM's decision, has been an ongoing dispute between Huntley Chevrolet and its bank over a loan reported to be $1.25 million. Kane County Sheriff's Deputies padlocked the dealership in late February but days later allowed the firm to reopen offering service but not cars for sale.
The car lot is located in the village's TIFF district where a portion of sales taxes are dedicated to paying off development bonds for the district. Johnson said the loss of the car dealer would not imperil those bonds. "We did a projection on that several months ago," Johnson said. "It won't hurt them but it's certainly not a positive."
Chevrolet first established a dealership in Huntley over 40 years ago. It passed through several hands and name changes finally relocating to its present spot on Route 47 near I-90. An earlier incarnation, Prime Chevrolet, reportedly failed to meet its sales targets and Wulbert bought the dealership in late 2004.
Huntley Chevrolet owner Jeffrey Wulbert could not be reached at his home or his residences in Wisconsin or Florida for comment.
Huntley Village Manager Dave Johnson said, "We're a little surprised. They'd made the "first cut" (of announced terminations). They've had trouble out there, that hasn't been a secret."
The "trouble", a likely contributor to GM's decision, has been an ongoing dispute between Huntley Chevrolet and its bank over a loan reported to be $1.25 million. Kane County Sheriff's Deputies padlocked the dealership in late February but days later allowed the firm to reopen offering service but not cars for sale.
The car lot is located in the village's TIFF district where a portion of sales taxes are dedicated to paying off development bonds for the district. Johnson said the loss of the car dealer would not imperil those bonds. "We did a projection on that several months ago," Johnson said. "It won't hurt them but it's certainly not a positive."
Chevrolet first established a dealership in Huntley over 40 years ago. It passed through several hands and name changes finally relocating to its present spot on Route 47 near I-90. An earlier incarnation, Prime Chevrolet, reportedly failed to meet its sales targets and Wulbert bought the dealership in late 2004.













