Sunshine Dodge faces shutdown
Last week I wrote that Chrysler would not renew its franchise agreements with 789 Dodge dealers. This week, the owner of Sunshine Dodge-Isuzu in Melbourne, Florida, has written a letter demanding to know: “HOW IN THE UNITED STATES OF AMERICA CAN THIS HAPPEN?”
The owner o Sunshine Dodge is George C. Joseph, and his “letter to the editor,” which I found posted on Prison Planet gives a very real, personal perspective on the meltdown of the auto industry.
Who needs Chrysler?
While Chrysler’s actions aren’t directly shutting down dealerships like Sunshine Dodge, that’s the inevitable outcome — not even guaranteed loans will help — and Joseph explains why in his letter:
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. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars. This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as "new," nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service.
Just think, there are 788 other Chrysler dealership owners facing the same situation.
Adding to unemployment
Joseph expresses his concern for himself and his family, who he says will go bankrupt because of this. He adds that the 50 employees who work for him will now be unemployed. ... click here to read the rest of the article titled "Sunshine Dodge Owner's Letter Calls Out Chrysler"
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