NOT good news.....
HOWEVER, I have been self-employed my whole life, and know 2 things for sure..
1. The glass is ALWAYS half full..
2. You can not keep a GOOD man down.!!!
That said, Think about it for a second....Chuck does not have a lot full of inventory, and does not survive from sales.. What, maybe 10 units there currently?
That said, all this means is that he needs to go out and change the sign on the lawn, to "Tators Automotive" and life will go on as usual... No big brand new building to deal with, no 50-100 person staff to lay-off, No 500 unit floor plan, etc,etc. He is positioned better than anyone on that list, to take this hit.. Overhead is about as low as you can go in that class of business, AND the best part: he has customers willing to travel HUNDREDS of miles to get their car serviced by him, and only him... Think about that.. Know of any other "Independant Techs" that have that client base? I sure don't..
The BIG questions are:.... How much work/revenue does he do, under the Dodge 3/36 bumper/bumper warranty plan?? And is this redeemable as an independent ???
As far as "extended warranty/service contract work, and obviously cash work" go. It will be business as usual for Tators Dodge I'm sure.... Service contracts IS an insurance company and they WILL redeem him as an independent.. He is in the best place possible.. Better than ANYONE on that list.. Given the situation..
Good luck Chuck, let me know if there is anything you need..