Saturday, May 09, 2009

Repossession Shuts Down Sacramento RV Dealer

Dozens of luxury coaches rolled off the lot at JC's RV center Friday under the supervision of two Sacramento County sheriff's deputies.

A total of 120 motorhomes and travel trailers from the Rancho Cordova lot are headed to an auto auction yard after Bank of America got a court order authorizing the repossession.

Foreman is also losing 40 RVs from his lot in Livermore where he started the business 19 years ago. A total of 60 people have lost their jobs at the two locations, he said.

Foreman hopes to reopen the Rancho Cordova location within a couple of weeks with a different business model based on what he's seen in the RV industry.

"I think we'll treat it as a liquidation center," he said.

Full Story...
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