Funky Cars > Chrysler Drops 8% In March | The Truth About Cars
[The Truth About Cars] Sergio Marchionne said that the early months will be of poor sales, since they are selling their old products with minimal discounts (As Marchionne claimed that last year’s discounts were like something from “Disneyland”, which is true; they were pushing Rams and Minivans out the door with 10K off).
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[Fiat News & Information | Fiat Parts at Fiat Auto Website] Chryslers products struggling in showrooms: Chrysler led the industry in discounts, with an average incentive of $4,873 per vehicle, almost $800 more than it spent in May, according to the Edmunds.com automotive Web site. Chrysler still has a lot of cars sitting on dealer lots even though all 12 of its assembly plants were closed for nearly two months and 789 terminated dealers sold much of their inventory at fire-sale prices.
[Auto Observer] Ready To Set Record-Low Sales, Chrysler Heads for 2010 in Reverse ...: The Ram Heavy Duty is Chrysler's only wholly new model for 2010, but the light-duty Ram, on which the majority of the lineup's volume lies, is struggling in the market: data from Edmunds.com indicate the Ram 1500's days-to-turn (the number of days a vehicle remains on a dealer's lot before being sold) had been rising from the mid-90s this spring to as high as 150 days in October - and the Ram's days-to-turn has not been under 100 since April, according to Edmunds.com's analysis.
[The Truth About Cars] Chrysler's Conundrum | The Truth About Cars: Chrysler’s deep discounting of its current crop of vehicles is pretty much the only option. Of course, not producing cars and trucks that people don’t want would be a better solution, but I’m sure Sergio would hear it from Congress if he started to shut down too many factories. Otherwise, in theory the whole lineup needs to be refreshed and there isn’t a reputation to damage anyway, so there’s nothing worse incentives can do. Also, at least with incentives the costs are known and budgetable. I doubt they have a great handle on how huge a bag of worms they would open with a 10 year 100K bumper to bumper warranty.
[Dodge Nitro Forum] Chrysler's plan for Q1-Q2 sales: Starting with the Grand Cherokee in mid-2010, Chrysler will have a product onslaught unseen since the early 1980s, with at least half the vehicles substantially changed. Plans are to have new versions of the Sebring/Avenger, minivans, .
[CarVersation] Fiat Pushing Hard on Chrysler Recovery | CarVersation: The minivan news is not surprising, but Fiat’s intention to fix up the critically panned Caliber and Compass took the wind out of us. The Caliber and Compass have ranked poorly in in comparison tests, but discounts and favorable buyer incentives seemed to have kept sales steady.
[The Truth About Cars] November Sales Snapshot: MPVs/Mini Vans | The Truth About Cars: Similarly, consider the Toyota Sienna and Dodge Caravan. Despite the excellence of it’s powertrain (you can get a Sienna into the low seven-second range, which is nuts), the base Sienna is CA$30K and dealers don’t budge much on that. The base Caravan ticks most of the same boxes and can be had for half the price of the base Sienna, if you’re good at bargaining. Think about that: put ten thousand dollars (or more, if it’s used) on the hood of the Dodge and line it up next to the Toyota. Imagine you’re a family with three kids and an upside-down mortgage. Which one do you want more?
[CarzPage.com] Auto Industry News Review March 2010: Chrysler and Fiat CEO Sergio Marchionne has 37-year-old named Laura Soave-to-head up and return Fiat to the U.S. after a 27-year absence. Your order comes with the Chrysler Group after a spell as marketing manager at Volkswagen (Bloomberg)
[The Truth About Cars] Chrysler Predicts Profitability By 2011 | The Truth About Cars: Chryslers minimum market share come hell or high water, move here to East Bubbaville in Flyover Country. Look at all the “Calvin Pees” stickers reflecting the hackneyed, anachronistic loyalty to ones preferred Big 2.8 brand.
[Edmunds CarPool] "Talk Back Tuesday: Fiat-Chrysler -- an automotive experiement we ...: And here's the kicker: If the experiment goes awry for any number of reasons (U.S. car market continues to tank, unexpected cost/labor issues arise, nobody wants a Chrysler-badged Fiat, etc.) what will Marchionne do? I'll tell you what he'll do -- walk away.
[Opinionator] Chrysler's Moment - Opinionator Blog - NYTimes.com: I recently discovered that even though Cerberus is a very profitable company, it was released from its financial responsibility by the Obama Administration when Chrysler received bailout money. In other words, even though Cerberus was financially able to save Chrysler, the government allowed this company to walk away with Chrsyler Finanical and permitted the bankruptcy of the manufacturing arm of Chrysler.
[Motor Trend Blog] BMW Loses $73.7 million in First Quarter, GM $6 Billion as ...: General Motors, which made its last annual profit in 2004, lost $6 billion in the first quarter of this year -- $5.9 billion if you discount one of those pesky "special items" - and not as bad as analysts expected, according to Bloomberg. And BMW, once known as the most profitable full-line automaker -- there are no profitable full-line automakers now -- lost 55 million euro, equal to $73.7 million U.S. The biggest difference is that GM burned through $10.2 billion in Q1 '09, versus $3.1 billion in Q1 '08, according to its Security and Exchange Commission (SEC) filing.
[Chrysler Blog] Chrysler Blog - The Answer Guy: Finally, let me also throw in support for the smaller size dealers;I've long distrusted the Auto-maul(sic) format of dealership;preferring a smaller shop with relatively low turnover that doesn'tbeat me over the head with screaming commericals ending withspeed-read disclaimers.
[drive blog] drive blog: Is the hybrid Camry just a photo opportunity?: 1996: Buoyed by the company's highly profitable line-up of minivans and Jeeps, Chrysler's share of the combined U.S. and Canada retail car and truck market reaches 16.2 percent ” its highest point since 1957. Yep, a real basket case!
[Book Car Values | Car Shopping | Automotive Blog] Fiat Pushing Hard on Chrysler Recovery: The Caliber and Compass have ranked poorly in in comparison tests, but discounts and favorable buyer incentives seemed to have kept sales steady. Also on the facelift bandwagon is Jeep’s Patriot SUV and Chrysler’s neglected PT Cruiser.
[Arrowrennesv] Rental Car Denver Colorado, Rental Car In Mexicocity, Rental Car ...: Help me out, Otters - planning a vacation to Colorado - DVD Talk Forum; 2009 Chrysler Sebring Review - The Car Connection;
[GM-VOLT : Chevy Volt Electric Car Site] GM Wins* October Sales Race; Decides to Keep Opel Citing Improved ...: Pretty bleak, they mentioned a fleet of plug-in minivans (which is basically some vans to the US governemnt IF the DoE App goes through)…and ‘maybe’ a BEV in 2012-ish.
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