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Mon May 18, 2009
Chrysler dealer cuts mean deals
DETROIT (AP) – DETROIT (AP) - There are 44,000 potential bargains at nearly 800 Chrysler lots across the country. The automaker is dropping the dealers as part of its
wide-ranging restructuring plan designed to leave it with a leaner
network of about 2,400 showrooms.
The dealers being shuttered have just a few weeks to sell their Chryslers, Dodges and Jeeps or risk losing thousands of dollars on them. That means big savings for buyers.
General Motors took a similar step last week, notifying 1,100 dealers that it no longer wants them. Some 65,000 Chevrolets, Buicks, GMCs, Pontiacs and Cadillacs sit on their lots.
But GM isn't in bankruptcy, so its dealers have more options to fight the move.