A few weeks ago their lot became stuffed with 300s and trucks.
Nothing there I would look twice at.
It’s very obvious what isn’t selling. I feel sorry for my dealer being stuck with so much of this unpopular stock.

I hope they survive so I can get original parts for my oldie Chrysler until they build a car I’m interested in.

And if they make it, they will replicate a strategy Nissan has used successfully with their VQ engine series for almost 15 years now. Talk about being late to the game!

That joker (Gary Barbera) has one of the sweetest bayfront summer homes in Ocean City, NJ, with a private canal/boat launch. He ain’t hurtin’ (yet).

Funny thing is that the only bigger jackass for car sales in the Tri-State area (PA/SJ/DE), Frank Kerbeck, is two blocks down from him. Guess assholes love company.

windswords – Atlantic City / Ocean City area.

These three distinct V6 engine families are due to be replaced with a single new engine (available in several displacements) due in 2010.

Geniuses, every one of ‘em!

+1!

I figured this out back in 1996 when I looked at several leasing options. The 36 mo. lease payment on an $18K Chevy Cavalier (ha!)

They were selling Cavs for $18k in 1996?! That’s like $24k today! Did it come with solid-gold trim or something?

Who else would buy a car company with vastly inferior products at the very peak of a Finance/Insurance/Real Estate bubble – and that comes with an extortionary labor union relationship that will bleed you to death – and best of all, hire Bob Nardelli to run it the whole shebang?

Geniuses, every one of ‘em!

the sad thing is that most people don’t know just how bad of a deal it is…

Man, I’m lucky I ditched my SUV in April of ‘06. I don’t even know why I bought it in the first place…what the hell was I thinking? Young and Stupid…

Did you check the iginiton? They may have left the keys in them for you…

It’s no suprise that leases are dead for the big 2.8 since the largest component of the lease payment is depreciation, as determined by the “residual value” at the end of the lease. The leasing companies set optimistic residual values on SUVs and trucks 2-3 years ago and now are “upside down” because the SUV/truck is worth far less than the leasing company predicted.

I figured this out back in 1996 when I looked at several leasing options. The 36 mo. lease payment on an $18K Chevy Cavalier (ha!) was $100 more per month than to buy it with zero down for 60 months. But an $18K Honda Accord had a lease payment $100 LESS than the zero down/60 mo. payment. The difference was the residual value, about $12K on the Accord and about $7K on the Cavalier. And that $7K was pretty optimistic even then. After I got done laughing the Chevy finance guy admitted that it was a horrible deal to lease a Cavalier.

Even if they go Ch11 they may be off the hook for some obligations but its up to the bankruptcy courts.

rtz…are you sure Target isn’t selling them?

The thing to remember is the 2007’s and 2006’s have nothing to do with the fuel crisis this Spring. They should have been gone.

Let me tell you what you can buy around NE Pa. 2006 300SRV’s dodge durangos, and Jeep commanders and cherokees. (If you like GM bargains, how about Caddy DTS, Buick Lucernes.)The overbuilding of mostly trucks and suv’s was going to come to a halt by the end of this year anyway. The gas crunch just accelerated it six months.

Again, as someone who was inside a dealership, unless you have some highly profitable other dealerships, you cannot be a chrysler dealer for long with this amount of iron laying around. Farago talked about this overbuilding at chrysler a year ago.

Chrysler may get their wish of having less dealers, but I don’t think the parent company can last any longer than some of these stretched dealers.

Some wag made an interesting comment about the lifetime engine warranty at Chrysler. Whose lifetime is insured the car or the factory? Could this warranty be actually less than the 3/36 you get from other companies?

What part of South Jersey do you hail from? I grew up in Millville.

I second the comment about Chrysler overflow..

I live in the DE / Phila state area. The local Dodge / Chrysler/ Jeep dealership has so much overflow.. (Gary Barbara 2-3 blocks south of Cottman Ave on the Blvd) I thought I had lost my mind. Ive never seen.. so much excess. ShTT, I bet ya could rent a whirlybird and look over the area and see a big DESPERATE SIGN over the dealership. Poor stupid bas*rds.

The Chrysler / Dodge / Jeep dealership has about 4 extra lots that hold inventory.

He has his main lot that is busting at the seams. He has a lot next to main one that has some overflow.
There is a lot up the street that used to be a other car sales company, that building went, and the whole massive lot is dodge trucks.
A wawa is across the street from that with Dodge Trucks sitting behind it.
And behind them all, is a 70s duplexes, and they all look on a swarm, as in a mad mad insano swarm of UNSOLD DODGE VEHICLES.

You couldnt get me in there if you pushed me. I avoid that place like the plague.

It’s beyond bad when there are still multiple ‘new’ 2006 models available eight months into 2008..

Maybe it’s just South Jersey, but several local DCJ dealers around here still have ‘new’ 2006 Crossfire’s, Caravans, and Grand Cherokee’s for sale.

And they’re still not selling with $10K+ on the hoods.

I bet if you stole one the dealer and the three headed dog would thank you.

As for the financials, I expect that they will be leaked eventually. This is the Youtube age, after all.