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

(continued)

If you want a Chrysler now would be a great time.  If some dealers are 

offering cars half off sticker then that's the best you will ever do.  

Forget invoice, forget asking for half of holdback, etc.  They are 

losing $$ to move them.  Small losses now are better than big loses in 

less than 30 days.  I'd ask to see the invoice on whatever car you are 

looking at, plus ask how much their holdback is (on a GM truck it's 

$1,400.00) and compare that to whatever # they give you and see how good 

their price is.

All the BMW's sold for too much!

Brian

LarryT wrote:

Thx for the explanation, Brian -- would this be a good time to buy a 

Chrysler?   Are there any particular tactics that would help get the best 

deal?

Did you pick up some BMWs?

Take care -
LarryT

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

Free 1 year NRA membership to anyone interested!

----- Original Message ----- 

From: "Brian E. Buxton" <BrianBuxton [at] BuxtonMotorsports.com>

To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Thursday, May 21, 2009 2:49 PM
Subject: Re: [Ferrari] NFC: Dodge Dealer's outrageous story in newspaper

The factory mentality is that fewer dealers selling more cars is better
than more dealers selling fewer cars per dealership.  Consolidation.
Right now the dealers that have had their franchises pulled have 30 days
from the time they received their franchise termination letter to clear
out all of their new inventory.  After 30 days Chrysler (as an example)
will no longer offer the terminated dealers the (up to) $6,000 rebates
per vehicle they now are allowing, nor the 0% financing to the end
buyer.  So after 30 days the new Chrysler inventory will become
literally unsalable.  AND Chrysler will not reimburse dealers for any
new buildings or body shop / repair equipment that they were forced to
build nor will they buy back any parts that the dealer will have to sell
retail in order to get their money back (since they can no longer
perform warranty work and be reimbursed by the manufacturer).

Here are a couple of interesting articles I just came by ...

Chrysler Says Dealers Face Elimination if Sale Isn't Approved
<http://www.magnetmail1.net/ls.cfm?r=198766737&sid=6602566&m=737961&u=NADA&s=http://online.wsj.com/article/SB124290782172543041.html>

A Chrysler LLC executive said Thursday if the company's sale of most of
its operations to Fiat SpA isn't approved by bankruptcy court, all 3,181
of its remaining dealers will face elimination. Steven J. Landry,
Chrysler's executive vice president for North American marketing said,
"The auto industry cannot support the number of dealers in the
marketplace."
Source: The Wall Street Journal
<http://www.magnetmail1.net/ls.cfm?r=198766737&sid=6602567&m=737961&u=NADA&s=http://online.wsj.com/article/SB124290782172543041.html>

[back to top
<mailbox:///Users/Brian/Library/Mozilla/Profiles/default/dypz7wls.slt/Mail/mail.sigecom.net/Inbox?number=1768080#top>]

Chrysler's Doomed Dealers Scramble to Clear Out Inventory
<http://www.magnetmail1.net/ls.cfm?r=198766737&sid=6602568&m=737961&u=NADA&s=http://www.autonews.com/article/20090520/ANA05/905209969/1078>

Chrysler dealers scheduled to shut down on June 9 say they are using all
available options to get rid of new vehicles. ... Dealer Stanley
Balzekas Jr. of Chicago says he's considering a half-off discount on the
100 vehicles he has left. "Every day, the car costs you money," he said.
"What we're trying to do is mark down the price as low as possible and
then give a higher price on the trade-in than we normally would."
Source: Automotive News
<http://www.magnetmail1.net/ls.cfm?r=198766737&sid=6602569&m=737961&u=NADA&s=http://www.autonews.com/article/20090520/ANA05/905209969/1078>

Brian

Rick wrote:

What happens to those cars after they close? Some other dealers have to 

soak

them up and then they become inventory that probably is still
financed.Whether 1 dealer has all 2 million Chrysler cars on its lot, or
2000 dealers have 100 cars on their lots, they still need financed i would
assume.

Rick

----- Original Message ----- 

From: "Jeff Greenfield" <coyote [at] acme-ltd.com>

To: "Rick" <Forza355 [at] verizon.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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Brian E. Buxton, President

Buxton Motorsports, Inc. <http://www.buxtonmotorsports.com>

301 North Royal Ave.

Buxton Plaza

Evansville, IN 47715-2866

(812) 476-2281 x 209 office

(812) 760-5513 mobile

Member ThaList.com <http://www.ThaList.com>

President, Brian Buxton Enterprises, Inc. 

<http://www.buxtonmotorsports.com/storage-transportation.php>

Nationwide Enclosed Auto Transportation

Founder & Past President

SO. IN Region PCA

Re: NFC: Dodge Dealer's outrageous story in newspaper	<– Date –> <– Thread –>
From: Brian E. Buxton (BrianBuxtonBuxtonMotorsports.com)
Date: Thu, 21 May 2009 12:58:56 -0700 (PDT)