T3 files for Bankruptcy

[dat...@aol.com]

Hope they survive.  

Techno Toy Tuning files for bankruptcy

Techno Toy Tuning LLC, a provider of auto parts for classic and discontinued automobile models, filed for Chapter 11 bankruptcy, seeking to reorganize  its business.

The Shingle Springs, Calif.-based auto parts dealer filed its Subchapter V petition on May 10 in the U.S. Bankruptcy Court for the Eastern District of California, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities.

Sent from my iPhone

Sent from my iPhone

[Ted Hedman]

That's not good. And on 510 Day, of all days.

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[Brock Johnson]

Kind of late for April fools. 

I wish this was a joke. 

Rear Wheel Drive, the way God intended.
If a car is being pulled from the front, doesn't that mean it's being towed?

I can explain it to you, but I can't understand it for you.

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[futofab]

This market is a tough one. I operate FutoFab as an LLC without a fixed salary. 2023 was a losing year for us. We were fortunate that we had inventory on hand that could be sold down to maintain cash flow.

We have seen our sales volume slowly drop and profit margins decrease over the last few years. In my opinion a couple things contribute to this. 

Over the past 4 years, inflation has increased costs much quicker than most small businesses have seen in many years. Add to this, the current increases due to tariffs and how it will impact so many of our community's products. The difficult part is balancing sale price to cost. FutoFab is struggling with this and it appears T3 has had a much harder time of it.

Secondly, there is only a finite number of classic Datsuns (or any classic car). Each one completed is one less opportunity to sell parts. FutoFab is looking to expand our driveline products by offerings them for newer Nissan models.  

I am sure T3 experianced this same situation. They chose to expand their offerings to other similar era marques like Toyota AE86s  and SA/FB Mazda RX7s. FutoFab  looked at this, but the number of these cars is far smaller and mostly of lesser value. Add to this the growth of market completion from firms like Apex Engineeered it further diminishes sales opportunities. 

All this said, it is a tough time to be a small business owner and I wish Gabriel and his crew at T3 the best and hopefully they pull thru reorganization reasonably intact.

Dave Patten 

FutoFab LLC 

Sent from my Galaxy Tab A

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