Chrysler dealers closing get promise for left over inventory

Chrysler looks set to make good on its promise that dealers will receive a fair and equitable value for their left over inventory after their closing. Steven Landry, head of sales at Chrysler has said that measures have been taken to help relieve those dealers a who are affected by the closures.

AutoBlog has said that according to Automotive News, the automaker said that out of the 42,000 cars that these 780 dealers had to sell; just 26,000 of them were sold. The remaining cars, expect 220 will be moved to dealers who are still in business. The last 220 vehicles are in the property of those who have yet to agree to the plan.

Once the reaming cars arrive at a redistribution point, the finance company of the new dealer will then pay the old dealer’s finance company for the new inventory. Less $350, this is for destination fees.

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