Holdiman Motor closing doors for good - KWWL - Eastern Iowa Breaking News, Weather, Closings

Holdiman Motor closing doors for good

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CEDAR FALLS (KWWL) -

A long time car dealership in the Cedar Valley is closing it's doors for good. Holdiman Motor, which got it start in Cedar Falls in 1967, has announced it will stop selling cars Tuesday.

Just a couple of years ago a number of different makes and models of Chrysler and Jeep vehicles covered the lot outside of Holdiman Motor. When Chrysler filed for bankruptcy in 2008 there was a lot of uncertainty among dealerships.

In 2009 it looked like a number of dealerships would lose their Chrysler-Jeep new car franchises. We caught up with owner Tom Holdiman during that time.

"There will be a couple of other cuts. There are some dealers that will be going back on the list and some coming off and at this point it is for us were going as business as usual until we get the definitive answer from the factory," said Holdiman.

Holdiman Motor did end up losing its franchise agreement and without new Chrysler and Jeep vehicles coming onto their lot they became a used care super store.

Now with the economy continuing to struggle Tom Holdiman decided to close for good.

"It's been a pleasure serving the automobile needs of people in the Cedar Valley over the past 45 years, and I count many of my customers as personal friends. This has been a wonderful place to live, raise a family, and do business, and my family and I intend to remain in the Cedar Valley," Holdiman said in a statement.

It was Tom Holdiman's father, Jim, who started the business back in 1967. Tom Holdiman purchased the business from his father in 1978.

While car sales will stop Tuesday, the service department will continue to do work until the end of the week.

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