What's Wrong With This Picture: How Sad Is That Edition
Photoshop, obviously. That said, there’s this:
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.
[thanks to Cardeveloper for the link]
More by Robert Farago
Comments
Join the conversation
It wasn't that long ago (well, maybe it was) that an "undocumented" illegal driving a beat up old Toyota pickup ran into the back of my new Merc. It was my first encounter with illegal immigration. The Merc was in the shop for two months (insurance did not total it since the cost to repair was less than the "value" of the car), however it was pretty much worthless when I got it back, since no one wants a repaired Mercedes-Benz. How does this relate to our story? As a loaner I received a rental company PT Cruiser. The rental company had them before the dealers, I think. This car made me a celebrity. Any old schmuck can drive a Mercedes, but I drove one of the few PT Cruisers around, and the first most in my city had actually seen. People would literally stop me in traffic to ask me. Folks would walk all the way across the parking lot to oogle. Now, you can't give them away. How did Chrysler squander all this good will? Very sad.
The wrong part is that not all vehicles have 40% cut. Only failed models like the Nitro and the Commander have. Now that the word is out an people knows, no one buys them Give me a call when the Challenger R/T gets a 40% cut. Because I think it won't
mpresley: The PT Cruiser fizzled out because Chrysler let it age and languish too long. IMO, the PT Cruiser should have been put down in 2005. It can actually be used as a symbol for how far Chrysler has fallen. Drive a 2001 PT Cruiser then drive a 2009. The cheap interior and anesthetics will be abound.