Sad News: Holley Bankrupt!

[FULMNTE]

http://www.reuters.com/article/bankruptcyNews/idUSN287294020090928

Excuse me if this was posted already....

:crying:

[The Stickman]

Wow, kinda makes you wonder if there will be more.

[moreHP]

Sad. Even though Carbs arent used as much anymore, they still work for an awful lot of applications.

[69TAPoser]

Ouch, and this is round #2. Very sad.

Phil

[Steve1968LS2]

It's just Chapter 11... everyone is doing it these days.. lol

[bbcc]

It's the in thing to do nowadays.

Seen this comming last year when Holley halted all sales to venders excluding holley and summit, their two biggest clients. Even VSI, Comp Specialites and Motorstate got cut. To quote the joker "it's all part of the plan". Sell off as much current asset as you can, then go for re-group/re-org.

[dadto2jays]

wow, that is bad!!!!
alot od companies continue to feel the lack of sales.

[Motown 454]

This is sad to see .
I hope this works out for them, all we need is more people out of work.

[Rhino]

In other news... sales of steam powered vehicles has reached a new 100 year low.
Sad to see, but a sign of the times when most of the world is fuel injected. As much as I don't like to admit it car nuts... more specifically older muscle car nuts... are only a scant percentage of the population.

The only thing I have a carb on is my lawn mower.

[Vegas69]

It's just Chapter 11... everyone is doing it these days.. lol

Exactly! LOL

[Memphis]

In other news... sales of steam powered vehicles has reached a new 100 year low.
Sad to see, but a sign of the times when most of the world is fuel injected. As much as I don't like to admit it car nuts... more specifically older muscle car nuts... are only a scant percentage of the population.

The only thing I have a carb on is my lawn mower.


Carbs are still selling, you may not be buying any but others are.

[Samckitt]

It's just Chapter 11... everyone is doing it these days.. lol

No kidding.

[BonzoHansen]

It's just Chapter 11... everyone is doing it these days.. lol

But you can only do it so many times.

It appears their OE work dried up, if I read the article I saw correctly.

[Rhino]

Carbs are still selling, you may not be buying any but others are.

While I do agree with you to some extent, it's all about perspective. In comparison with sales as of 2 to 3 decades ago, they're all but non-existent.
It again goes back to the fact that Joe-blow on the street isn't buying them. Rather than being as mainstream, it's transitioning to more of a niche product.
With every passing day I feel the carb has less relevance to our daily life. Not only due to fuel injection, but also with the rising use of alternative fuel sources.

[Memphis]

But is Joe Blow buying a $3000 efi setup over a $300 carb? I

[LowBuckX]

EFI may be a big hitter in the Protouring sect Carbs are king everywhere else. most Drag classes EFI is outlawed. Also most all roundy round classes.

[Rhino]

But is Joe Blow buying a $3000 efi setup over a $300 carb? I
Maybe not $3000, but yes he is. With every Honda accord, Chevy Aveo, and Toyota Camary that rolls off the lot.

I'm not limiting the sales to that of the motorsports market. Holley used to be a huge OEM supplier. As the rest of the world moved to EFI, that market slowly dwindled. Compare the number of carbs being sold with the number of new cars being manufactured with EFI every year. When you look at it that way, carb's are in the vast minority.

I'm not saying one is better than the other, just looking at over all sales you can see where the world is heading. Even though I think we're probably dealing with a difference in scope, I think it's just a point of contention that we'll have to agree to disagree on.

[BRIAN]

Not sad news for Barry Grant.

[Vegas69]

While I agree that the oem stuff dried up. It dried up a very long time ago. Let's not forget that holley owns many companies you may not be aware of. Earls fittings just to name one. Clearly they need to downsize their company and overhead since they make many good products that are still in demand.

[Lowend]

I can't feel bad for Holley - that company is so badly run..
They ruined Earls and Lunati

[bobbaganoosh]

Didn't they just do this a few years ago?

[BonzoHansen]

Didn't they just do this a few years ago?

yes

[vintageracer]

They must have had the same great business plan that they used the last time they went tits up also!

[vintageracer]

Not sad news for Barry Grant.


I guess this means they also pissed away all the money Barry Grant paid them after the lawsuit Holley filed years ago!

[Lowend]

I think Mr Gasket has been in perpetual bankruptcy for about 15 years

[MarkM66]

In other news... sales of steam powered vehicles has reached a new 100 year low.
Sad to see, but a sign of the times when most of the world is fuel injected. As much as I don't like to admit it car nuts... more specifically older muscle car nuts... are only a scant percentage of the population.

The only thing I have a carb on is my lawn mower.

Where have you guys been? Holley has been making fuel injection systems for about 10 years.

https://static1.pt-content.com/images/noimg.gif

Not to mention; cylinder heads, intake manifolds, they own NOS, Weiand, Hooker Headers etc. etc......

If you think carbs are dead, you need to get out more. Tons of cars out there area still running them. For example, go to the Street Rod Nationals, 12,000 cars, and 99% are using carbs. Same with most pre '72 cars on the road. And as soon as those cars get a stumble or heistation, they junk that carb and buy a new one. Most don't take the time to screw with a rebuild.

In internet land, it seems everyone is using an LS1, in the rear world they're not that common. I was just at a show over the weekend, 1000 cars, and 2 had LSX transplants.

DSE has built a couple high end cars with LS's, and a carb!

[Roadrage David]

let me pop a a sope bobble here
EFI is only fuel efisiend from 0 to 70 mph ore so.
nearly all the high performance super cars of today with often half the ci then traditional usa v8 engines are consuming the same rate of fuel as carb!!! powerd engines.
some carbs from companys like AED are just as quik in there responds and pick up as EFI....
only adavntege i see is the auto tunning of the systems...

[Rhino]

If you think carbs are dead, you need to get out more. Tons of cars out there area still running them. For example, go to the Street Rod Nationals, 12,000 cars, and 99% are using carbs. Same with most pre '72 cars on the road. And as soon as those cars get a stumble or heistation, they junk that carb and buy a new one. Most don't take the time to screw with a rebuild.

For every vehicle on the road today using carbs, there are hundreds of others that aren't. Motorsports/Aftermarket sales are all but inconsequential in comparison to OEM. Looking at the scope of all sales (OEM and Aftermarket), of number of units sold shows the carb is at least on life support.
You do have a point on the Pre-'72 cars, but how many do you see on the road on a daily basis? Watching the busy road outside my office, I see 1 to 2 on an average day. On a good day I'll see around 10. It pales in comparison with the other 100's of vehicles that pass by.

The only point I have tried, and apparently failed, to get across is the sum of yearly Carb unit sales vs EFI unit sales in both the OEM and aftermarket is highly tilted toward EFI sales.

So much for a half hearted attempt at comedy. :)

[Damn True]

They must have had the same great business plan that they used the last time they went tits up also!

Did they go the "employee owned" (translation: death knell) route?