» Posted on 23/06/09 by Randall Prince
As of Friday Jun 19, 2009 5:00pm, the controversial Cash for Clunkers has just passed Congress and is now heading to President Barack Obama for signature as a piece of legislation meant to help get gas guzzlers off U.S. roads and replace them with new, more efficient vehicles. Many say the act is too lenient and is merely being pushed through as a measure to help get Detroit’s unsold inventory off dealer lots. Read More »
» Posted on 09/06/09 by Randall Prince
Well, after weeks of fretting and worry, dealers are finally upon the June 9th deadline to sell all their inventory off or be stuck with cars they can no longer sell (due to franchise revocation). We reported a number of days ago about a dealer, Pohanka Chrysler-Dodge, that had dozens of cars to be sold before today or they would have to eat the cost of the cars. Well, originally we were in completely support to help them sell of their inventory and try to keep the dealer losses to a minimum. However, a number of days ago Chrysler had brought to the attention of many that they weren’t going to just leave these dealers to suffer. Afterall, there are still over 2000 Chrysler dealers in the USA keeping their franchising. As such, Chrysler’s plan is to help dealers to redistribute these cars to other dealers and help both the old franchises and the current ones. Read More »
» Posted on 04/06/09 by Randall Prince
How desperate are some dealers in this time of crisis? How about half price cars? It may sound silly, but that’s what Pohanka Chrysler-Dodge has to do in the next week to empty out their inventory according to CNN. On June 9, Pohanka’s franchise to sell new Chryslers and Dodges will be terminated, along with those of almost 800 other Chrysler/Dodge/Jeep dealers nationwide. Ray O’Bryhim, the owner, cannot legally sell any new cars he has left after June 9 — and because the manufacturer is in bankruptcy protection it isn’t obligated to take them back. Hundreds of dealers are in the same place as them. It sounds like some cheap commercial, but EVERY car really must go by the time June 9th comes around. Ever car that isn’t is lost money. Read More »
