Prince buys Wallace Chevrolet - WALB.com, Albany News, Weather, Sports

Prince buys Wallace Chevrolet

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By  Stephanie Springer  - bio | email

ALBANY, GA (WALB) –One of the oldest car lots in Albany has a new owner and several changes are on the way.

Tuesday, the new and former owners signed the paper work to close the deal on Wallace Chevrolet.

Today Paul Wallace said goodbye to 60 years of memories and a Chevrolet family he says he will miss dearly.

"This is a heartbreaking day, bittersweet a double edge sword," said Paul Wallace.

Wallace Chevrolet has been family operated since the 1950's, and its something Paul Wallace says he's been involved with his entire life.

"Everywhere I go, I'll look at the license tags that have Wallace Chevrolet on the front and the back and miss that," said Wallace.

But changes are on the way, starting with a brand new owner.

"Today is February 2nd, 2010 and we are now the owners of Prince Chevrolet of Albany. At this point on we will be working just as furiously as we can," said John Prince.

This is Prince's 43rd year as a dealer, and he says he is ready to bring some fresh ideas to the lot. But he doesn't plan on cutting jobs.

"We don't go in and change personnel, we believe that everyone has an opportunity to prove themselves," said Prince.

He plans on adding them.

"We expect to add at least ten additional jobs most of which will come in the service department and the sales department," said Prince.

He also plans on bringing in a much larger selection of vehicles to the lot.

"We will be able to buy parts by the truck load, bring cheaper prices for automobile parts and will bring a considerable selection of used cars," said Prince.

And he plans on making these changes right away.

"We will probably have 40 to 45 used cars immediately coming in most from our other local dealerships," said Prince.

As for Wallace, he says he will always be around,

"We'll be right here, we'll be like a bad habit that will stay," said Wallace.

He's thankful the city of has been so good to him and his family for so many years.

Wallace says the moment he will miss the very most, is celebrating 50 years with the company, because not many dealerships make it to that exciting landmark.

Now he plans on retiring but says he will continue to be a patron of Prince Chevrolet.

Prince says he also plans to bring better benefits to all of the employees at the dealership.

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