>>>>>>"On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them."
>>>>>>
>>>>>>http://www.americanthinker.com/blog/2009/05/letter_from_a_dodge_dealer.html
>>>>>>
>>>>>>George C. Joseph is getting a first hand look at spreading the wealth around.
>>>>>
>>>>>"CHANGE WE CAN BELIEVE IN !!!" errr.... maybe not.....
>>>>
>>>>What baloney. Chrysler was a failed company for no reason other than their own mismanagement and old ways of doing things. (Including the union contracts they made in happier times and couldn't get out of).
>>>>
>>>>I don't know anything about this particular dealership but know both Chrysler and GM have thousands more dealerships than the Japanese automakers, despite having lower market share. And that a small percentage of them account for 90% of sales. Some of them needed to be closed.
>>>
>>>Mike, you're missing something here. They're not merely being closed, their private property (inventory) is being forcibly removed for pennies on the dollar. That's theft.
>>
>>If you mean the dealers' cars are being taken away from them for pennies on the dollar, I did not know that.
>
>That's because it's not true. In fact, the company won't buy back the inventory, so the dealers have to find a way to sell it. Marshal was taking yesterday with a Chrysler dealer who isn't being closed, and he's buying cars from other dealers who are, but cherry picking to get only those he knows he can sell (and paying what he would pay Chrysler for those).
>
>Tamar

Wait a sec. If the closed dealers can only sell to continuing franchises and those are cherry picking inventory, that confirms that the value of the remaining vehicles has been removed. Granted we're talking about anecdotal examples here and there may be more news to come.