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

[Jeff Greenfield (coyote]

Larry - 

I'd bet that a good portion of that 3 million in inventory is financed. 

Jeff

-----Original Message-----
From: LarryT [mailto:l02turner [at] comcast.net] 
Sent: Thursday, May 21, 2009 9:05 AM
To: Jeff Greenfield
Cc: The FerrariList
Subject: Re: [Ferrari] NFC: Dodge Dealer's outrageous story in newspaper

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

https://www.nrahq.org/nrabonus/accept-membership.asp

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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