The phone number was being answered at Spike Dykes Ford Lincoln dealership in Lamesa on Friday morning, but the overhead bay doors all were closed and the outside doors were locked.
    “We just have a few people here today to answer inquiries,” General Manager Brian Melakian told the Press-Reporter. “We are closed to the public – just for now – and that should only be for a few days.”
    Spike Dykes dealership is included in a lawsuit filed by Ford Motor Credit against Reagor Dykes dealerships and the owners, Bart Reagor and Rick Dykes, in federal court in Lubbock this past Tuesday, Melakian said, since the local dealership’s legal name is Reagor Dykes Auto Company, L.P.
    The lawsuit by Ford Credit claims that Reagor Dykes dealerships owe an outstanding balance of $116 million, with more than $41 million of that total currently due, according to news reports from Lubbock TV stations.
    The day after Ford Credit filed its lawsuit, the Lubbock-based Reagor Dykes Auto Group and its related companies filed for Chapter 11 bankruptcy protection, which is a form of reorganizational bankruptcy.
    Assets were listed by Reagor Dykes Auto Group “in the category of more than $10 million but less than $50 million,” in the Chapter 11 records, KCBD-TV said. “Liabilities were listed in that same category.”
    The filing of the lawsuit by Ford Credit comes just three weeks after Spike Dykes Ford Lincoln received the Ford President’s Award for the seventh year in a row and the eighth time in the last 10 years.
    That award is presented to Ford dealerships that sell cars efficiently, as well as providing excellent customer service

 

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