- 3 -
Oklahoma, in 1968 and a Ford dealership in Dallas, Texas, in
1975. He was the sole shareholder and dealer of the Yukon and
Dallas dealerships. Both of these dealerships were successful,
and Mr. Markley enjoyed a good reputation within the industry
with his customers. As a suburban Oklahoma Ford dealer, Mr.
Markley was a competitor of Oklahoma City dealerships, and was
consistently ranked among the top two or three truck dealers in
the Oklahoma City metro area (out of seven dealerships). In 1980
and 1981, Mr. Markley sold the Dallas and Yukon dealerships.
In May 1988, Mr. Markley reentered the automobile dealership
business when Chrysler awarded him a Jeep-Eagle franchise in
Oklahoma City. He acquired the Jeep-Eagle franchise directly
from Chrysler. The seller's sales and service agreement with
Chrysler (the franchise) was not transferable and was conditioned
upon the continued performance of day-to-day management duties by
Mr. Markley.
Mr. Markley was a successful Jeep-Eagle dealer in the
Oklahoma City market. His overall vehicle sales averages
exceeded his market share responsibility as determined by
Chrysler. Mr. Markley's name was known in the Oklahoma City
market as a result of his 14 years of advertising as a Ford
dealer in Yukon, Oklahoma (a suburb of Oklahoma City).
At the time of the sale to petitioner, Mr. Markley intended
to stay in the Oklahoma City area. He was 49 years old, in good
health, and intended to expand an existing used car and finance
company business in Oklahoma City.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011