Ferrari Mailing List: Re: NFC: Dodge Dealer's outrageous story in newspaper

[LarryT (l02turner]

Hey Jeff -  you wrote <<MFR is financing all
> the cars sitting on a dealer's lot.>>

   Possible I guess - But the letter from the dealer said he had $3 mil in 
inventory.  I assumed he was saying he was paying the cost associated with 
that - but perhaps there's some kind of shared responsibility for inventory?

Maybe Brian B knows the details?

LarryT

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Free 1 year NRA membership to anyone interested!

----- Original Message ----- 
From: "Jeff Greenfield" <coyote [at] acme-ltd.com>
To: "LarryT" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Thursday, May 21, 2009 8:54 AM
Subject: Re: [Ferrari] NFC: Dodge Dealer's outrageous story in newspaper


> I was wondering the same thing.
>
> I think it has to to with the cost of credit. The MFR is financing all 
> the cars sitting on a dealer's lot. So, by reducing the number of 
> dealers, they are reducing the number of cars sitting on lots unsold  that 
> the MFR has to finance.
>
> Jeff
>
> Sent from my iPhone
>
> On May 21, 2009, at 7:29 AM, "LarryT" <l02turner [at] comcast.net> wrote:
>
> > I read the ones being closed were not necessarily weak or failing -  they
> > closed the stores that were not selling quantities of the major 
> > franchises.
> > Something like 61% of the dealrships sold a small % of the total  sales. 
> > So
> > those are being closed.
> >
> > Does anyoneelse wonder why closing sales outlets are a good thing?   Does 
> > it
> > cost Chrysler money to wholesale a car to a dealership?
> >
> > Maybe it's different than I think - which is - a dealership *pays*  for 
> > the
> > privilidge of buying cars at a reduced rate so they can turn around  and
> > resell them to the public.
> >
> > How does closing the stores that are selling cars *save* money?   Does it
> > cost Chrysler money to have those "lower performing" stores open?
> >
> > LarryT
> >
> > https://www.nrahq.org/nrabonus/accept-membership.asp
> >
> > Free 1 year NRA membership to anyone interested!
> >
> > ----- Original Message -----
> > From: "Rick" <Forza355 [at] verizon.net>
> > To: "Larry Turner" <l02turner [at] comcast.net>
> > Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
> > Sent: Wednesday, May 20, 2009 7:18 PM
> > Subject: Re: [Ferrari] NFC: Dodge Dealer's outrageous story in  newspaper
> >
> >
> > > Inferring from the letter, it sounds like he had a successful 
> > > dealership
> > > even in the bad economy and had it ripped away and given to another
> > > dealership. I thought only the weak & failing dealers were supposed  to 
> > > be
> > > folded.
> > >
> > > Rick
> > > ----- Original Message -----
> > > From: Larry B
> > > To: forza355 [at] verizon.net
> > > Sent: Wednesday, May 20, 2009 7:09 PM
> > > Subject: RE: [Ferrari] NFC: Dodge Dealer's outrageous story in 
> > > newspaper
> > >
> > >
> > > This is just a guess: the franchise agreement (or whatever the  relevant
> > > contract might be called between the dealer and Chrysler)  presumably 
> > > says
> > > that Chrysler may, on something like 30 days' notice, freely  terminate 
> > > a
> > > dealer's franchise.
> > >
> > > I'm not saying it's a humane way to treat a dealer, and as I said  it's
> > > just a guess.
> > >
> > > > From: Forza355 [at] verizon.net
> > > > Date: Wed, 20 May 2009 19:01:57 -0400
> > > > Subject: [Ferrari] NFC: Dodge Dealer's outrageous story in newspaper
> > > > CC: ferrari [at] ferrarilist.com
> > > > To: larrybard [at] hotmail.com
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