Auto Rental News
MenuMENU
SearchSEARCH

Hecker Empire Owes $477M, According to Papers in Chrysler Suit

After seizing and selling assets held by auto dealer Denny Hecker, Chrysler filed a lawsuit accusing him of defaulting on car, real estate and personal loans and vehicle lease agreements.

by Staff
March 25, 2009
2 min to read


Chrysler Financial said in a court filing that struggling auto dealer Denny Hecker now owes $477 million, down from the $550 million the lender claimed in January, according to the Star Tribune.

After seizing and selling assets held by Hecker, Chrysler filed a lawsuit accusing Hecker of defaulting on car, real estate and personal loans and vehicle lease agreements.

Ad Loading...

The court filing, which took place the week of March 16, is the latest in a series of lawsuits aimed at Hecker. He is also being sued by Ford, J.P. Morgan, Carlton Financial Corp., Morrie Wagener’s New Buffalo Auto Sales, Fifth Third Bank, and others for another $17 million in combined debt.

One senior manager of Chrysler Financial’s National Accounts Division said Hecker’s troubles began in October 2008 after his dealership sold 410 vehicles but failed to repay Chrysler the $8 million it was due for financing the inventory. That put Hecker in default. The senior manager also said Hecker failed to repay Chrysler in October for fleet-leasing loans, including those involving 160 General Motors vehicles that Chrysler had financed. Over the weeks, she said, the outstanding debt mounted.

Hecker’s attorney said March 19 his team has not yet determined whether the allegations are true.

In November, Hecker sued Chrysler for breach of contract, saying it closed his credit lines and damaged business operations at 13 of 21 dealerships.

After Hecker sued Chrysler, he shut down nine dealerships, sold three, put his Advantage Rent-A-Car business in bankruptcy, and ultimately sold the rental assets to Enterprise Rent-A-Car for $19 million.

Ad Loading...

Hecker appears to still be operating seven dealerships across Minnesota, according to his Web site.

More Rental Operations

Back view of a remote driver in front of a screen delivering a car to a location.

Global Carsharing Fleet Projected to Reach 768,000 Vehicles By 2030

A new Berg Insight forecast outlines several business models driving the projected growth in public carsharing worldwide through 2029.

Read More →
green and blue bar graphs compare fleet sales June 2025 versus June 2026
Fleet Acquisitionby Martin RomjueJuly 8, 2026

Rental Car Fleet Sales Show Mid-Year Strength

June gains ensured rental fleets closed out the first half of 2026 in positive territory.

Read More →
Close up of a row of white CUVs in the Surprice Mobility fleet at the Milan airport.

Surprice Mobility Opens Corporate Rental Station at Milan Malpensa Airport

The Milan opening is part of Surprice Mobility's broader strategy to expand its corporate operations while increasing the use of technology across its network.

Read More →
Ad Loading...
Julian Gritsch with an MBA class in a classroom.

Brazilian Executive MBA Targets Growing Domestic Rental Car Industry

Rental car companies face a unique combination of challenges that are rarely addressed in traditional programs.

Read More →
Green Motion team with banner bearing Japanese flag.

Green Motion Expands Into Japan With Master Franchise Agreement

Japan's tourism industry, business travel market, and demand for vehicle rental services are reasons the country represents an important market for the company.

Read More →
ACRA Chairman Sharky Laguana on stage at the ICRS event in Grapevine, Texas.
Legal & Legislativeby Martin RomjueJune 24, 2026

ACRA Carrying Fuller Industry Load As AI and EVs Lurk In Future

The leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.

Read More →
Ad Loading...
Light blue horizontal bar graphs on a chart showing World Cup-related rental car booking trends.
Rental OperationsJune 23, 2026

World Cup Travel Data Shows Longer Car Rentals and More One-Ways

A recent analysis of FIFA bookings found varied demand patterns that influenced rental car pricing.

Read More →
Side view of ICRS speaker Sanchit Garg at podium in front of a floor lit red curtain
Rental Operationsby Martin RomjueJune 22, 2026

A Leveling Force: AI Morphs Into A Rental Car Profit-Seeker

Revenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.

Read More →
Photos of Martin Romjue and Denis Gjoni on opposite sides of large headline for the video.
Rental Operationsby Martin RomjueJune 17, 2026

Stop Losing Money On Rental Tolls

Regardless of your rental fleet size and structure, fleet managers, executives, and owners can gain valuable insights into an often-overlooked area of fleet operations.

Read More →
Ad Loading...
Richard Lowden gesturing on stage in front of a red curtain at the Gaylord Texan Resort near Dallas.
Rental Operationsby Martin RomjueJune 12, 2026

Rethink The Future To Avert A Race To The Bottom

Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.

Read More →
Ad Loading...