Posted on February 10th, 2009 • by David Zatz
Treasury Secretary Timothy Geithner declared that the U.S. would spend up to $1 trillion to boost consumer credit, including car loans and inventory financing for dealers. Geithner noted that the approach of spending money to boost banks had not had the desired effects on the greater economy. The new effort is similar in principal to [...]
•
Like on Facebook • Tags:
banks,
Chrysler,
Chrysler Financial,
credit,
dealers,
economy,
GMAC,
inventory,
loans,
market,
Treasury.
Posted on January 22nd, 2009 • by David Zatz
Chrysler had the fifth largest inventories of any automaker in December 2008, according to an Automotive News listing. Most vehicles were at 100-140 days’ supply. The good news came in the form of the Sebring, with just 88 days’ supply; Aspen was sold down to 90 days and Durango to 64, with production already stopped. [...]
•
Like on Facebook • Tags:
inventory.
Posted on December 17th, 2008 • by David Zatz
As Chrysler’s press people wrote: Due to the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States, Chrysler LLC announced that it will make significant adjustments to the production schedules of its manufacturing operations. In doing so, the [...]
•
Like on Facebook • Tags:
Chrysler,
inventory.
Posted on December 16th, 2008 • by David Zatz
Automotive News has published its monthly inventory list, and Chrysler’s inventory has swollen in terms of days sold compared with November. The company as a whole has 117 says’ supply of product, around 400,000 units of unsold inventory spread across its dealers and channels. In contrast, Ford had 101 days (500,000 units) and GM had [...]
•
Like on Facebook • Tags:
Chrysler Aspen,
dealers,
Dodge Durango,
inventory,
Sales.
Posted on December 15th, 2008 • by David Zatz
With sales falling faster than Chrysler has been able to cut production, the sales bank has apparently been brought back, at least temporarily. According to Jim Press, as quoted by Automotive News, there are 12,000 units of “unassigned inventory” – vehicles produced without an order from dealers. Many of these may be Durangos and Aspens [...]
•
Like on Facebook • Tags:
Chrysler Aspen,
dealers,
Dodge Durango,
inventory,
Jim Press,
Sales.
Posted on December 2nd, 2008 • by David Zatz
Chrysler today reported total November 2008 U.S. sales of 85,260 units, down 10% versus October 2008 (94,530 units), and down 47% from the same month last year. Fleet sales decreased 63% versus last November, as planned, and retail sales were in line with the retail industry (down 36%). “2008 will go down as unlike any other [...]
•
Like on Facebook • Tags:
Dodge,
Dodge Challenger,
Dodge Ram,
incentives,
inventory,
rebates,
Sales.
