Colorado-Chrysler LLC will close down 789 dealerships, or about 25% of the current number, which includes 13 dealerships in Colorado. Many of the dealers' sales are too low, the automaker said, with just over 50 percent of dealers accounting for about 90 percent of the company's U.S. sales.
Many car owners are curious as to what will happen if the dealership where they bought their car closes.
Chrysler said its dealer network "needs to be reduced and reconfigured in a targeted manner to strengthen the network and dealer profitability and to achieve optimal results for the dealers and consumers."
Chrysler has received $4 billion in federal loans and has been operating in bankruptcy protection since April 30. Its sales this year are down 46 percent compared with the first four months of last year and it reported a $16.8 billion net loss for 2008.
In Colorado , 13 dealerships will be impacted with closings. More than 38,000 people nationwide- will be without work once the dealerships close on June 9.
Colorado Car Dealerships are among those proposed for elimination by the company. They include:
BIG VALLEY CHRYSLER/DODGE INC located in LAJUNTA, Colorado
HELLMAN MOTOR CO located in DELTA, Colorado
BURT DGE CHRY JEEP IN PARKER, INC. located in PARKER, Colorado
COOK CHEVROLET INC located in CRAIG, Colorado
FORT MORGAN AUTO CENTER INC. located in FORT MORGAN, Colorado
KING AUTO GROUP located in LONGMONT, Colorado
MEDVED CHRY-JEEP INC located in WHEAT RIDGE, Colorado
MEDVED CHRYSLER JEEP DODGE located in WHEAT RIDGE, Colorado
NEW COUNTRY CHRYSLER located in DURANGO, Colorado
NORTHGLENN DODGE INC located in NORTHGLENN, Colorado
PHIL LONG DENVER JEEP, LLC located in DENVER, Colorado
POLLARD BROS MOTORS LTD located in MONTROSE, Colorado
(The Associated Press contributed to this.)
Now is the best time to bye Chrysler cars. Some dealerships will be the closing. One of dealerships in my hometown offering %50 off there Chrysler cars. Only if I had the money. One of my friend taking out a loan to bye several cars. Lucky him!
ReplyDeleteI have 15 dealerships within 30 miles of my home.
ReplyDeleteSeems like a lot
I am checking for deals too. It is the best time to buy a car. 50% sound good right now. I wonder if Ford is going through the the financial woes like GM and Chrysler.