Chrysler dealers scramble to unload vehicles

[steven johnson]

The fire sale is on for selling chrysler vehicles by Tuesday. After that terminated dealers won't be able to offer Chrysler sales incentives, making it tough for them to move the vehicles.

By BREE FOWLER, AP Auto Writer Bree Fowler, Ap Auto Writer – 40 mins ago
Peter J. Walsh, the owner of Walsh Dodge in Jersey City, N.J., started out selling used cars in his hometown 28 years ago after the birth of his daughter. He slowly built his business, and felt as if he'd finally made it when he earned his Chrysler shingle in 2000.

But on Tuesday, Walsh Dodge will lose that shingle — as will 788 other dealers across the country. Auburn Hills, Mich.-based Chrysler has asked a bankruptcy court for permission to terminate the franchise agreements of about 25 percent of its dealers. Chrysler needs to cut costs, and claims current sales levels don't justify a network of 3,189 dealers.

For Walsh and the others on the "hit list," the last days of selling Dodge, Jeep and Chrysler vehicles have been filled with quick sales at deep discounts, along with sad goodbyes from longtime customers and feelings of dismay and anger toward the automaker they worked with for years.

"It is what it is. It's just a tough situation," Walsh said, speaking inside his dealership Saturday morning. "It's been difficult mentally the past couple of months, but we'll be OK. I don't feel as bad for myself as I do for the young guys with families that work for me."

Landry said Chrysler had commitments for the inventory of 42,000 vehicles on the lots of the affected dealers. Dealers have sold 16,000 vehicles to customers since the May 14 announcement and Landry said the remaining 26,000 cars and trucks would be purchased by remaining dealers.
http://news.yahoo.com/s/ap/20090608/ap_on_bi_ge/us_chrysler_dealers__last_days