Chrysler Dealerships Get the Shaft on Inventory - GM to close 1100 update

The Detroit Free Press is reporting on the closed Chrysler dealership details and it appears these dealerships are stuck with the existing inventory and all of the parts on hand. Talk about guaranteeing these dealerships go down in flames, this has to be it:

Now that it has notified 789 dealerships they would be terminated, Chrysler must sell the 44,000 vehicles sitting on their lots in the next few weeks without driving prices to fire-sale levels for remaining dealers.

"It's going to be a challenge even with the factories closed to redistribute that number of vehicles and sell them in a short period of time," said Mike Jackson, CEO of AutoNation, the nation's largest auto retailer. Even a giant like AutoNation will lose seven Chrysler, Jeep and Dodge dealerships that employ 400 people.

Despite that, Jackson called the closings painful, but necessary.