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View Poll Results: What will happen with the OLDCO Dealer inventories? | |||
Chrysler's efforts succeed and OLDCO Dealers wholesale their vehicles with minimal losses | 2 | 6.67% | |
Chrysler's efforts help but problems with GMAC floorlines limit buyers - moderate wholesale losses | 10 | 33.33% | |
Chrysler's efforts fail and many OLDCO Dealer vehicles go to Auction - major wholesale losses | 18 | 60.00% | |
Voters: 30. You may not vote on this poll |
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05-19-2009, 12:33 PM | #1 |
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What will happen with the OLDCO Dealer inventories?
What will happen with the OLDCO Dealer inventories? On a personal level, one of the greatest disappointments for me was the fact Chrysler decided to use their Bankruptcy Powers to sever dealer agreement and saddle the OLDCO dealers with inventories of new vehicles and parts. For a company that's been losing $1 Billion per month for ages, it angers me they feel it's necessary to place a burden on 789 dealers which has the potential to drive many of them into bankruptcy. In fairness, Chrysler indicates they have a plan which will facilitate the movement of vehicles from OLDCO dealers to NEWCO dealers. The purpose of this poll is to survey our members and ask if they feel Chrysler's efforts will be successful. Please take our poll and share your thoughts with the rest of the forum. Note to members - this thread is posted in a PUBLIC forum
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05-19-2009, 01:21 PM | #2 |
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My understanding of the OLDCO to NEWCO transfer process
As I mentioned in another thread, I'm not sure exactly how Chrysler intends to help OLDCO dealers sell their inventory to NEWCO dealers?
This is my basic impression - please feel free to correct me where I'm wrong:
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05-19-2009, 01:42 PM | #3 |
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just received a call from my DM he wanted to know our finance source. I asked Why he said that there would be some redistributed cars and they needed to know what are source was. At that time I let him know that I will not accept any redistributed units and effective immediately we were on finance hold. any body else get a call???
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05-19-2009, 01:55 PM | #4 |
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nothing from the sebc I don't think they will call until the gmac temporary line is turned on.
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05-19-2009, 02:05 PM | #5 |
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kcrites, please don't antagonize an all powerful "partner". They can turn on a dime!
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05-19-2009, 02:09 PM | #6 |
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05-20-2009, 05:54 AM | #7 |
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new dm he doesnt know anything
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05-20-2009, 06:03 AM | #8 |
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There are mostly "new hire" DM's around here who are in way over their head. I'm sure they are minimum wage kids, and will just have to learn on the job. I've wondered if ours has ever even bought a car!
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05-20-2009, 06:54 AM | #9 |
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Sounds like yours is much more qualified than mine
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05-20-2009, 07:05 AM | #10 |
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Does anyone know what the selling price is supposed to be?
Has anyone heard what the selling price of the OLDCO vehicles will be?
Is Chrysler going to try and help sell the vehicles at Invoice, or do you think they'll just provide the list and let the market set the price? |
05-20-2009, 08:10 AM | #11 |
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I do know they are wanting the independant banks that floorplan terminated dealers to take a big discount. I won't repeat what one of them told me their answer was :thumbsdown_old:
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05-20-2009, 09:00 AM | #12 | |
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Quote:
If it's the former, I guess I wouldn't be surprised. The one thing I've noticed in this process is Chrysler's not bashful - they expect everyone who has ever done business with them to offer up some type of concession. |
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05-20-2009, 09:19 AM | #13 |
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Everyone, but their terminated little DM's etc, they got a pretty nice going away offer.
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05-20-2009, 01:12 PM | #14 |
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Jim Press is asking the banks to take a big hair cut to help the dealers in disposing of their inventory. As you said, they are not bashfull asking others to sacrafice, and then they can say how much they tried to help.
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05-20-2009, 01:27 PM | #15 |
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how much of a haircut is CFC going to offer up?
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