YCN Latest

Update in Auction of Claremont Ford-Lincoln Dealership

A follow-up on a story we’ve been following the past couple months, as the former Claremont Ford Lincoln dealership on Washington Street was not auctioned off this week as previously reported.

The auction scheduled for 2 o’clock Thursday afternoon was abruptly canceled by the mortgagee without giving a reason, leaving those planning to attend the event questioning what happened. The dealership’s contents was auctioned off Tuesday by Cash Realty & Auctions out of Buffalo, New York, but the two adjacent buildings – located at 364 and 366 Washington Street – were pulled from the auction block before bidding could begin.

Claremont Ford Lincoln’s dealership license was suspended over the summer after the business failed to pay liens within 21 days – as required by law – on more than 100 vehicles taken as trade-ins.

Weeks later, the Ford Motor Company seized more than $3.2 million dollars in inventory, thus putting the dealership out of business.

Leave a Reply

%d bloggers like this: