Skip to: Content
Skip to: Site Navigation
Skip to: Search
FRIDAY, NOVEMBER 27, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Fire Sale Sweeps Chrysler Dealerships

Prices hit rock bottom before June 9 deadline

Share

(Newser) – Those well-worn "Rock-Bottom Price!" and "Must Go!" stickers are more than sales pitches at nearly 800 dealerships cut loose by Chrysler, which have to sell by June 9 or lose vehicles to auction. The bankrupt automaker refused to buy back some 44,000 cars, reports ABC News, so prices have bottomed out as the clock winds down.

"The deals are very good. They are steals, not deals," said a dealer in Tenafly, NJ, where a $45,428 Dodge Ram is selling for $28,392—including government assisted rebates and low-cost financing.

Dealers have just a few weeks to sell the Chryslers, Dodges and Jeeps or risk losing thousands of dollars on them.
Dealers have just a few weeks to sell the Chryslers, Dodges and Jeeps or risk losing thousands of dollars on them.   (AP Photo/Mike Groll, file)
A man buys a Jeep Grand Cherokee at a Chrysler dealership in Oakland, Calif. Dealers have until June 9 to sell the Chryslers, Dodges and Jeeps or risk losing thousands of dollars on them.
A man buys a Jeep Grand Cherokee at a Chrysler dealership in Oakland, Calif. Dealers have until June 9 to sell the Chryslers, Dodges and Jeeps or risk losing thousands of dollars on them.   (AP Photo/Paul Sakuma)
A day after Chrysler moved to eliminate nearly 800 dealerships, General Motors Corp., told about 1100 US dealers their franchises will be terminated late next year.
A day after Chrysler moved to eliminate nearly 800 dealerships, General Motors Corp., told about 1100 US dealers their franchises will be terminated late next year.   (AP Photo/Hector Mata)
« Prev« Prev | Next »Next » Slideshow

"It is a financial disaster for us, not just the business, but personally."
- Rob Engel, owner of Tenafly Chrysler in Tenafly, N.J.

« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

146 Stories

 Chrysler Adds Fiats, Dumps Dodge, Jeep Models

Revamped automaker will reintroduce Alfa Romeo to US

Oct 27, 09 6:54 AM CDT
(Newser) - Now four months out of bankruptcy, Chrysler is set to unveil a new business plan that relies heavily on models from Fiat, its Italian partner, and abandons many American cars. The company will reintroduce the luxury Alfa Romeo to the US and also bring in a Mexican-built Fiat 500, the... More »

MORE ABOUT:
Chrysler • Dodge • auto industry • Fiat • Alfa Romeo • Jeep • Sergio Marchionne

 GM to Try Money-Back 
 Guarantee 

Firm hopes 60-day refund period will rouse sales

Sep 10, 09 4:46 PM CDT
(Newser) - General Motors is offering a good old money-back guarantee as a ploy to entice buyers to its showrooms, USA Today reports. Buyers will be able to get a full refund on any new GM model within 60 days of purchase. The automaker plans to announce the refund program in ads... More »

MORE ABOUT:
General Motors • automaker • auto industry • auto sales • US automakers • refund • Bob Lutz • Edward Whitacre

(Newser) - Chrysler is planning to produce a Fiat-branded subcompact car at a plant in Mexico, insiders tell the Wall Street Journal. The move may anger two key shareholders of the restructured automaker—the US government and the United Auto Workers. Workers at the Toluca, Mexico, plant are represented by a Mexican... More »

MORE ABOUT:
Chrysler • Mexico • automaker • auto industry • subcompact • Fiat • auto bailout

146 Stories


Chrysler restructuring as GM approaches bankruptcy
Reuters

Chrysler bankruptcy protection a hot topic for GM creditors
Financial Times (UK)


Business  •  US 
TwitterFollow @NewserBusiness on Twitter

 
Chrysler • bankruptcy • automaker • Dodge • US automakers • auto bailout

from our news partners