Terminated Chrysler Dealers Must Sell Inventory by June 9th [Archive] - Cherokee SRT8 Forum

: Terminated Chrysler Dealers Must Sell Inventory by June 9th


Administrator
06-04-2009, 11:12 AM
http://www.autoguide.com/gallery/d/55370-4/chrysler-jeep-dealership-by-The-Consumerist.jpg

Those 789 Chrysler, Dodge and Jeep dealers that were cut loose by Chrysler as a part of its bankruptcy and restructuring plan have until June 9th (next Tuesday) to part with their remaining inventory.

Because of the dealership contract that they signed, dealers aren't allowed to sell off the cars once the contract expires. And because Chrysler is in bankruptcy protection, it doesn't have to buy the cars back either.

Chrysler has said that it will help the 789 dealers move their inventory to the remaining Chrysler dealerships, but it won't give any guarantees on the amount of money those dealerships will have to pay for the remaining vehicles. And considering the circumstances, the terminated dealers don't exactly have much faith in their parent company right now.

As a result, dealerships are slashing prices. CNN visited Pohanka Chrysler-Dodge in Leesburg, Virginia, where the dealership has slashed prices on some models by as much as 40 percent. A brand new Dodge Nitro, which lists for $29,170 now has a sticker price of just $17,510.

Owner Ray O'Bryhim even says prices may get lower as the June 9th deadline approaches.

When Chrysler's 789 dealers received noticication that their contracts would not be renewed, they had an inventory of roughly 44,000 cars.

More: Terminated Chrysler Dealers Must Sell Inventory by June 9th (http://www.autoguide.com/auto-news/2009/06/terminated-chrylser-dealers-must-sell-inventory-by-june-9th.html) on AutoGuide.com

Harrison@Stage6
06-04-2009, 11:16 AM
What's sad about this whole thing is I'm sure a lot of the owners will go into bankruptcy. Sad sad sad....... WTG Chryco!!

mandan007
06-04-2009, 12:18 PM
I took my daughter shopping for a Jeep GC last weekend. The sales only apply to certain models. In our area it was PT Cruisers. All the other vehicles are being taken in by the remaining dealerships as it says here. Wasted our time!

Razorecko
06-04-2009, 01:58 PM
I took my daughter shopping for a Jeep GC last weekend. The sales only apply to certain models. In our area it was PT Cruisers. All the other vehicles are being taken in by the remaining dealerships as it says here. Wasted our time!

no suprise.

BOYCHIKS
06-04-2009, 03:29 PM
^^^ Ha not at all..

rtr0id
06-06-2009, 05:49 AM
what do you guys think would be a fair price of a fully loaded jeep at closing dealership?