The Duncan Banner


September 10, 2013

Byford says all looks good for dealership change

Troubled Mike Terry dealerships in new hands

DUNCAN — Randy Byford said Monday he expects General Motors and Chrysler to approve an ownership change of the Mike Terry auto dealerships in Duncan and he’s already involved in operating the businesses.

Byford, owner of the Byford Buick-GMC dealership in Chickasha, said he talked with every employee at the dealerships in Duncan on Monday. A judge agreed to a sale of the troubled dealerships Friday after weeks of financial troubles and legal disputes.

“It was a very warm reception,” Byford said. “I met a lot of nice folks who live in a really good community that has a great reputation as a place to work, and we are going to make it viable. We hope to be a very good supporter of the community and try to extend our sales and services.”

Stephens County District Court Judge Joe Enos agreed to the sale, saying it was needed on an emergency basis or the dealerships likely would be forced to shut down.

The new ownership groups include Byford, David Le Norman or his Oklahoma City-based energy company — Le Norman Properties LLC — and a group of investors who used to be partners with Mike Terry.

Those former partners tried to fire Terry on July 15, saying he had mismanaged the dealerships. The legal feud led Enos to appoint a financial receiver to take over dealership operations and assets in hopes of saving the businesses.

Terry and the others have settled their legal disputes and Terry has cut ties with the dealerships.

Byford said the money transactions needed for the ownership change have been made and he expects GM and Chrysler to give their OK within 30 to 45 days.

The dealerships would then become Byford Chevrolet-Buick-GMC on U.S. Highway 81 and Byford Chrysler-Dodge-Jeep-Ram at the Duncan/Lawton Y.

Pending approval of the manufacturers, the dealerships are still under control of the court-appointed receiver, Michael Deeba. But Enos’ court order said Byford should expect to immediately be involved in a transition to take over day-to-day operations.

Byford said the transition was under way.

“We are operating the stores with our own money,” he said.

Byford has long ties to Stephens County and southwestern Oklahoma.

He attended Comanche public schools growing up, graduated from Comanche High School in 1977 and both his parents worked for Halliburton.

“Most of my family lives in Duncan so I have lots of family, lots of friends, lots of customers and supporters,” he said. “I feel like I’m coming home. I am coming home.”

Byford said he will remain owner of the Byford dealership in Grady County and plans to stay very active in the Chickasha community, and become more involved in Stephens County.

He said he has been in the car business since 1983, including sales, finances and management. He started his career with Bob Moore Cadillac in Oklahoma City.

He said his first stint as an owner was at a Lincoln Mercury dealership in Lawton, which Ford Motor Co. folded as part of a major consolidation. Byford then became owner of the GMC dealership in Chickasha.

“I’m very proud of our history and reputation and we have the greatest customers in the world,” he said.

Text Only
Local News
  • Governor, state Legislature have misplaced priorities

    If the Oklahoma State Legislators and our Governor spent less time interfering in women’s rights to manage their bodies, creating ways to lay more taxes and fees on the middle class in order to generate more tax breaks which benefit only the wealthy while also conceiving methods with which to fill Oklahoma’s for-profit prisons, they would be doing all of us a favor. Instead, why not work to enhance funding for our schools and wage increases for all school employees? While reforming the state’s educational budget, why don’t they approve wage increases for our Oklahoma State Troopers and enlarge their Academy to insure qualified individuals are ready to fill the upcoming vacancies as many of the older force retire?

    April 9, 2014

  • Self government key to keeping politicians in check

    Last week, the U.S. Supreme Court ruled 5-4 that federal campaign laws that limit the total amount of money donors can give to political parties, committees and candidates for federal office (U.S. House, Senate, and President) was unconstitutional. The ruling will not increase the current $2,600 limit on how much a donor can give to a federal candidate in each primary and general election or the $32,400 limit that can go to a national party committee. Those limits are still in place.  The ruling will instead remove the limit on how many candidates/committees to which a donor can contribute.

    April 9, 2014

Special Deals
The Duncan Banner on Facebook
AP Video

Who do you favor for the U.S. Senate seat that Tom Coburn is giving up?

State Rep. T.W. Shannon, R-Lawton
U.S. Rep. James Lankford, R-Edmond
State Sen. Connie Johnson, D-Oklahoma City
Former State Sen. Randy Brogdon, R-Owasso
     View Results