In the past few months a record number of New car dealerships have closed their doors. But have they? In my area a number of new car dealerships, mostly those selling GM and Chrysler brands have discontinued selling new cars. They are however are changing their names and selling used cars only. In some cases it was the manufacturer trying to consolidate in other cases its the dealerships running though cash reserves and the manufacturer closing them down. What steps do you take if one of your new car dealers becomes a used car only operation??? I make them provide 2 years of tax returns and require the title to be perfected before we fund the loan. Any other suggestions?