The Pain Spreads

The Real Good News

http://news.yahoo.com/s/ap/20090608/ap_on_bi_ge/us_chrysler_dealers__last_days

First it was just the company Chrysler announcing filing of its bankruptcy petition. The immediate impact was felt by employees and suppliers. Gradually the impact has been spreading and it is now the turn of Chrysler dealers to feel the pain. Many have worked for years to get a prized dealership. They have now been informed that they are not profitable enough or do not feature in the company’s current scheme of things.
What does it mean for the dealer? While some are putting up a brave front and are saying that nothing really has changed and selling off their remaining inventory at the best possible prices. However there are many others who are getting rid of their inventory at prices lower than what they sourced the vehicles at. Tough times all around.

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