Lawyers are set to be the big winners after Holden dealers failed in their attempt to get Holden Australia to substantially increase compensation for breaking its franchise contract.
Key points:
- Holden and its dealers are still around $500 million apart between the compensation offer and claims
- Dealers want more than $6,000 per car and the cost of recent dealership improvements, Holden is offering $1,500 per car and some of the capital costs
- The matter is now likely to head to court after mediation failed
Holden has offered $1,500 per vehicle, some of the capital cost of dealerships, and five years of parts and servicing.
The dealers want more than $6,000 per vehicle, plus the true cost of the investments in their businesses.
“Holden has spent t