Metro Detroit Dealerships Close After Lawsuit Targeting ex-NFL Owners
November 8, 2018—Two Nissan dealerships in metro Detroit have closed following a lawsuit targeting a once-prosperous dealership group composed of two ex-NFL linebackers, reported Crain's Detroit Business.
All Pro Nissan of Dearborn and All Pro Nissan of Macomb closed in the last week—less than three years after its owners had been touted by Nissan as part of a plan to grow market share in metro Detroit.
Former NFL linebackers Antonio Pierce and Jessie Armstead, and auto industry veteran Michael Saporito, own the dealership, according to the report.
In August, Nissan Motor Acceptance Corp. and Hyundai Capital America each sued the dealership group, alleging it sold nearly 500 vehicles but failed to repay millions of dollars in floor plan loans on the vehicles as dictated in lending agreements. That's known in the industry as being out of trust. The dealership group has denied the lawsuits' allegations.
The dealership group is seeking to sell the two Nissan stores in Michigan, according to court records. Those stores until recently had been operating some services with a skeleton crew. All Pro Nissan of Dearborn opened in 2015, decorated with memorabilia from Armstead's and Pierce's football careers, while All Pro Nissan of Macomb opened in 2017.