• Liquidity crisis hits dealerships in communities across all 50 states
• Thousands of dealers call for immediate temporary financial assistance for domestic automotive industry
As the U.S. Congress considers support for the domestic automobile industry, a select group of Chrysler’s U.S. dealer network will visit Capitol Hill on Tuesday, November 18 and Wednesday, November 19, to discuss their concerns regarding the impact of the global financial and liquidity crisis in their communities across the country. The dealers will specifically voice their support for temporary financial assistance for the domestic auto industry.
Thirty-three dealers representing 25 states will make Capitol Hill visits to key Republican and Democrat Members of Congress, as well as to the Bush Administration. The group consists of Chrysler’s 18-member National Dealer Council, as well as 15 additional dealers who have requested to participate.
Hayden Elder, Elder Chrysler Dodge Jeep„µ, Athens,
Jim Arrigo, Arrigo Dodge Chrysler Jeep, West Palm Beach, Florida.
Chuck Eddy, Bob and Chuck Eddy Chrysler Dodge Jeep, Austintown, Ohio
Following are statements from Chrysler’s National Dealer Council Co-Chairs, Hayden Elder and Jim Arrigo.
Jim Arrigo, Arrigo Dodge Chrysler Jeep, West Palm Beach,
“On behalf of our 140,000 direct employees, our customers and our communities in all 50 states, Chrysler’s 3,372 dealers’ voices need to be heard. The immediate economic and liquidity crisis confronted by the domestic automotive industry, including our dealerships, is directly caused by and related to the financial/credit crisis. The lack of liquidity impacts our ability to do business, and our customers’ ability to purchase the vehicle. We are very concerned that without immediate support, communities across the country, ranging from big manufacturing states to every small town with a car dealership, will face significant further economic downturn. This is not an issue about Detroit, or three companies, it is about millions of people, mechanics, sales representatives and accountants working across this country whose livelihood intersects with automobile industry.”
Hayden Elder, Elder Chrysler Dodge Jeep, Athens, Texas:
“Chrysler’s dealers strongly support the U.S. government giving immediate temporary financial assistance to Chrysler, General Motors and Ford and their captive finance companies. This is the only way to get customers buying again, and allow the companies to restructure. There are customers who want to buy and dealers who want to stock up, but the financial crisis is making it difficult for them. We are excited about the potential future of Chrysler LLC: From electric vehicles to hybrid pickup trucks to America’s minivans, their product line has great potential.”
FACTS ON CHRYSLER’S U.S. DEALER NETWORK
• There are 3,372 Chrysler, Jeep and Dodge dealerships in the United States, directly employing more than 140,000 people (End of September, 2008).
• In 2007, Chrysler’s U.S. dealers generated $105 billion revenue.
• In 2007, Chrysler’s U.S. dealers spent $575 million on advertising.
• In 2008 through September, Chrysler, Jeep and Dodge dealers invested $132 million solely to upgrade their U.S. facilities.
DEALERS PARTICIPATING IN WASHINGTON, D.C. MEETINGS
All Star Dodge Chrysler Jeep Vince Capatosta Bridgeton MO
Allen Samuels Dodge Mike Lowry North Richland Hills TX
Arrigo CJD Jim Arrigo West Palm Beach FL
Baxter Chrysler Jeep Dodge Mickey Anderson Omaha NE
Bessey Motor Sales Gene Benner South Paris ME
Blake Fulenwider CJD Blake Fulenwider Clyde TX
Bob and Chuck Eddy CDJ Chuck Eddy Austintown OH
Brunswick Auto Mart Gary Panteck Brunswick OH
Button Motors Don Button Kokomo IN
Cass Burch Chrysler David (Cass) Birch Valdosta GA
Cherry Hill Dodge Charlie Foulke Cherry Hill NJ
Contemporary CD Inc David Hammer Milford NH
Coronet Dodge Incorporate Bill Walsh Peru IL
David Dodge David Kelleher Glen Mills PA
Dodge of Naperville, Inc. Ed Burke Naperville IL
Elder Chrysler Jeep Dodge Hayden Elder Athens TX
Folsom Lake Dodge Carlos Hidalgo Folsom CA
Franklin Sussex Auto Mall Inc Eric Nielsen Sussex NJ
Freedom Dodge Chrysler Jeep Paul Cleaver Lexington KY
Gary Mathews Dodge Gary Mathews Jackson TN
Golling CJD Bill Golling Bloomfield MI
Greenbrier Motor Co Bill Talbot Lewisburg WV
H.E. McGonigal Rex Gingrich Kokomo IN
Lithia CJD Sid DeBoer Medford OR
McKinney Dodge Chrysler Jeep Tim McKinney Easley SC
Metrolina Chrysler Jeep Dodge Reggie Hubbard Charlotte NC
Palmen Motors Andy Palmen Kenosha WI
Pat Beck CJD Pat Beck Nogales AZ
Pro Chrysler Jeep John Schenden Thornton CO
River Front CJ Bill McSkimming North Aurora IL
Westbury CJ Joel Sporn Westbury NY
Williams CDJ Patty Williams Weatherford TX
Zangara Dodge Ken Zangara Albuquerque NM