• 11
In this day and age it's a sin to still have 2006 models sitting on your dealer lot. Unfortunately for dealers under The Chrysler Group umbrella, their lots are teaming with '06 metal. The Detroit News quotes analyst John Casesa of Casesa Shapiro LLC as saying, "To have a third of your inventory in old models when you're two months into the (2007) model year, that's heavy." Heavy indeed, John.

Chrysler has put into effect two campaigns that it hopes will start clearing out the lots of last year's inventory. The first is aimed at the dealers themselves and involves about $500 million in dealer cash incentives to sell 2006 models. Dealers will earn an additional $2,500 to $7,000 for every 2006 model they sell. The easiest to sell models like the Dodge Charger and Chrysler 300 will earn dealers $2,500 unit per unit, while the tough sell trucks and SUVs like the Ram pickup and Durango will fetch a hard-earned $7,000 per unit. Consumers will be happy to know that on average Chrysler passes 85% of that money on to consumers.

In addition to lower transaction prices from the dealer cash Chrysler's shelling out, more than 3 million consumers are receiving coupons worth $1,000 that can be used towards the purchase of most 2006 and 2007 models. These coupons can be added on top of any existing incentive offers, as well. The only vehicles excluded are the 2007 Chrysler Sebring sedan; Dodge Viper sports car, Nitro, and Sprinter van; Jeep Wrangler, Patriot, and 2006/07 Grand Cherokee SRT-8.

The coupon mailing is the largest ever sent about Chrysler, and while the dealer cash is not being advertised to the public, you heard it here that these double discounts are in effect and now might be the best time to pick up that 300C you've had your eye on.

[Source: The Detroit News]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 8 Years Ago
      The Bubble is Bursting Right before our eyes!!!!

      We are in a Recession... and it's only getting worse!

      Oil is back over $62.00 a barrel... Gasoline Futures closed today at $1.66.

      *Housing starts are dead....
      *Resale values of existing homes are falling...
      *The job market has not been creating high quality jobs.
      *Health care costs have in some cases tripled.
      *Insurance for your home has DOUBLED and TRIPLED in the last 4 years alone along the coasts of FLORIDA.
      *Food prices have risen, the ban on imported beef has caused meat prices to at least double, if not triple prices since the Big W has been put into office, and the US beef industry has done a great job stopping beef from Canada coming into the US over mad cow warnings, yet the same problems have been existing in US stocks.

      I can keep going on and going on... but in the world of 'DEBIT CARDS'... most people don't even look at the prices anymore.

      Funny, 3 years ago CNBC did a special in Colorado, I believe it was Denver, on how prices of homes had come down 25%.. from $400,000 down to $300,000. Last month, CNBC reported that Colorado was leading the pack on Foreclosures... connect the dots.

      I was personally thinking of buying a new car last month... but after my trip to Florida last week and seeing For Sale signs everywhere.... in area's that no one can afford the Hurricane, Flood Insurance... I have decided to wait... because the Big Bang is coming.

      • 8 Years Ago
      I wish they would apply the $7000 incentive to the SRT-8 Magnum..
      • 8 Years Ago
      There would be a small number of Chrysler vehicles I'd consider. I like the Jeep Liberty and even the Compass. The Dakota is a solid pickup, and the Viper still has some bite in it. Aside from that, though...
      • 8 Years Ago
      I think you mean "teeming", not "teaming".
      Jordan Fogal
      • 8 Years Ago
      How Tort deform and arbitration can take your new car away... Are you sure your new home is protected? Are you sure your family, will not join the growing ranks of the homeless? Are you sure you understand arbitration and tort reform? Are you sure that the American Arbitration Association, hasn't stealthily already entered every phase of your life? Do you think you still have the right to a trial by a jury? Do you still think you can sue anyone who wrongs you? Do you still think frivolous lawsuits are those that happen to other people? Do you tire hearing any more about big business flagrantly squashing your rights? Do your eyes glaze over and your mind shut down when you hear all these things? Are you bored by this rhetoric? Is it all just to complicated for you to understand? I understand.

      But, please read on. Because you have been majority deluded, confused and overwhelmed ... just so these things will slip right by unnoticed.

      If you have a new home, new car, a car lease, a Visa, Master Card, American Express, Discover card, bank account, a cell phone, a storage room, electricity or even an exterminator. YOU have given up your seventh Amendment rights. You have given up your seventh amendment rights, you cannot sue any of these people. Sounds crazy doesn't it? Well, call any of them and ask if you have an arbitration clause in your contract with them ... because you do.

      We are bombard daily, with harassing telemarketers, a mailbox full of trash offers and clutter ... our bills are stuffed with slick adds and offers. We don't have time to read all this junk..... And there in lies the problem. Big Business knows you don't. We are the new hurried, fast food, drive by cleaners generation, the multi taskers.... with more on our plates than we can handle. So big business has used your over burdened life style to their distinct advantage. You are screwed. Those little offers or things you think are privacy propaganda, in your bills, they aren't, they say "if you continue to use our services and do not pay off your account immediately you are now accepted the following terms.....You have now accepted arbitration ... and you didn't even read it.

      Not one person in this country, is not bound by an arbitration clause and the shocking part of it ... most don't even know it. But you will, when you become one of the enlightened and destroyed. And believe me you do not want to be.

      Ignorance is bliss ... and you can remain blissfully unaware of the dangers lurking, that threaten you, your family, your home and your livelihood. But when it hits you, it will be, a rude awakening ... like a two by four right between the eyes. AM I am trying to scare you? You bet I am. Because many of us do not have the time to watch fear factor, we live it daily. And, you may have just signed on for a guest appearance.

      Take your home for instance. You made your down payment. You make your payments on time, you paid your property tax, you have homeowners insurance. Your investment is safe. You are living the American dream. Not so Kimosabie. You have rolled the dice with your future, put all your money on the pass line, and you weren't even aware you were gambling.

      Example: You have a lovely new home, all decorated, a manicured lawn, a place for your stuff, and somewhere to come home to. But what happens if you start having problems with that new house? You just call your builder for repairs right? What if he doesn't answer your phone calls, faxes, or emails. What if the problem continues to worsen ... as you try to get him to live up to his moral, and ethical responsibilities. You say well I have a contract. And you do.

      Now..... you will take the time to read, all that raft of papers that were shoved at you at closing. Uh oh...earnest money contract, arbitration clause. Closing papers arbitration clause...warranty papers arbitration clause.

      Your foundation is cracking, your walls have lines that weren't there before, the carpet is damp and your house is taking on a musty smell. Your children begin to be ill and Fido's' hair falls out. What are you going to do? Your wife is frantic. She is calling neighbors, many experiencing the same sort of problems. Many do not want to admit it and "patch up and dump." Some will get by with it, until the new owner sues them. Yes, the new owner can sue you, just can't sue your big builder. Big business, little business that is how tort reform works.

      And yes, you all paid to have your house inspected and had a relator and you called them all. You can start at the governor's office and they will refer you into a vortex of time-consuming, catch 22's that will make you crazy. You will end up lastly at the Heath department. They can try to help you find temporary housing ... soon, or maybe later....if you qualify and of course fill out the paper wo
      • 8 Years Ago
      Yea, they aren't hurting. Everything is just fine. They'll move thru these cars, no problem.

      Oh but wait, they're running overtime at their truck/suv plants. So, they must know something no one else does.
      • 8 Years Ago
      The only Chrysler vehicle that even slightly interests me is the crossfire. The rest of their offerings (except for the PT cruiser) are almost as 'vanilla-bland' as Toyota.
      However, I'm not about to hand off $30k to a dealer for one (even after incentives) when they're piled up on e-bay going for $17k. That kind of price difference is a bad sign.
      Jordan Fogal
      • 8 Years Ago
      Let Chrysler prove they believe in their product more than foreign cars by removing the arbitration clause. Be the only car manufacturer that doesn't hide behind this consumer cursed clause.Or do none of the car dealers think thier cars willl hold up?

      This article in Money Magazine is no different than what happenings everday, here in Houston. All over the US, big bad Builders continue to fleece the public and prosper enormously. The small bad builders takes advatage of a few, the big bad builder take advantage of entire subdivisions and no one does anything.
      George Washington said: "Government is not reason, it is not eloquence, it is a force: like fire, a troublesome servant and a fearful Master, Never for a moment should it be left to irresponsible action." That Master has reduced us to subjects instead of citizens. Our story was in Washington Monthly, People and Mother Jones Magaines, nobody cared and nothing changed.

      Dark side of the housing boom: Shoddy work
      Steps you can take if you find yourself living in a poorly made home.

      By Sarah Max, Money Magazine contributing writer

      February 14 2007: 11:07 AM EST

      (Money Magazine) -- Less than a year after moving into her new 2,100-square-foot house in Lenexa, Kans., Susan Sabin has strung up lemon lights in her front window.

      The lemons, she says, go perfectly with the home's most prominent features: jammed doors, warped windows, bent pipes and cracked walls. "The house is essentially splitting in two," says Sabin.

      At the peak of the recent housing boom, home buyers scooped up a million newly built homes every year while homeowners poured more than $200 billion into renovations. But now stories of shifting soil, leaky roofs, damaged stucco and other construction defects abound.

      Though many builders have worked to improve the quality of their houses over the past decade, says Alan Mooney, president of Criterium Engineers, a national engineering firm, the building frenzy also opened the door for unskilled labor, unscrupulous contractors and untested products.

      "When everyone is out there building as fast as they can, that does result in more defects," he says.

      Contractor problems rank among the most common consumer complaints, according to the Better Business Bureau, and a recent Criterium Engineers study found that 17 percent of new residential construction projects inspected by the firm in 2006 had at least two significant problems.

      If you've been gnashing your teeth over defects in your new or recently renovated home (and complaining to the builder hasn't solved them), it's probably cold comfort that you're not alone.

      What do you do? A lawsuit is bound to be expensive and messy, if you can even get in front of a jury at all; many builder's contracts nowadays include a binding-arbitration clause that essentially waives your right to a jury trial.

      Real estate flipper stung by slow market

      Of course, your best bet is to catch the problem early, before you've paid for the work. But even after the job is long done, you still have a powerful tool on your side: the builder's need to protect his reputation.

      Here's how to evaluate the likelihood that you'll be able to get your home repaired at minimal cost, and your plan of action.

      Check your warranty

      Your builder or remodeler likely gave you what's called an "express" warranty, which typically covers everything from cosmetic flaws to serious defects for a year (most common) to 10 years (pretty rare).

      If the warranty names the defect you're complaining about, gather your documentation and ask your contractor to repair the damage at no additional charge. If your warranty has expired, you aren't necessarily out of luck.

      Depending on the state you live in and the nature of the defect, your house may still be covered by a so-called implied warranty of habitability for another seven to 10 years. But it will be up to you to prove that the defects are so severe that they are a health or safety hazard.

      Learn how to spot a real defect

      Your next step is to figure out whether your problem is a bona fide defect under the terms of the warranty (or in the eyes of an arbitrator) or what home builders define as an acceptable imperfection.

      "There is no such thing as a perfect house," says Mooney. "A lot of what people consider defects are really not defects."

      According to the National Association of Home Bu
      • 8 Years Ago
      8. The Bubble is Bursting Right before our eyes!!!!

      God, where do I begin? First off this kind of hyperbole has been going on since Bush took office. (It's been going for 25+ years if you go read the "invest in gold coins" etc. websites.)

      A few FACTS to confuse the self-induced panic:

      Unemployment is at an all time low. Lower than the 90's. No they are not burger flipping jobs. Those are being filled by illegal, oops sorry, undocumented workers from our "friends" south of the border. Why? Because we have higher paying jobs to do and don't want to bother with dirty low paying jobs - at least that's what the politicians who don't want to secure the border tell us, right? So if jobs were not available or they were for only for crap wages we wouldn't need immigrants (legal or otherwise) to fill them right? Amazing what simple logic can do when you apply it.

      The stock markets are doing well. Now remember the markets are NOT about now, they are are about 6 months or more from now. So they are feeling pretty good about things.

      Florida, I live here so I think I have some insight about what's going on. Home insurance has risen here due to drubbing we took in the 2004 hurricane season. So? What happens if you get in an at fault accident? You're insurance goes up! Why? Are you going to get right into another accident? Probably not, unless you are new driver, but what if you've been driving for 10 years? You might not have another one for 10 more years. Too bad your rates are going up. So FL got hit buy a bunch of hurricanes. Are you telling me that an act of nature is going to flush an entire state's or better yet an entire countries economy down the toilet? Fl has lower unemployment that the national avg., lower taxes than many states and soon will become the 3rd most populated state after Ca and TX.

      The media told us that this year was going to be a devastating hurricane season. After Katrina and Rita they said we were going to have the worst hurricane year ever. I mean it was doomsday, no gas, no food, no jobs, cats and dogs living together, you name it! Guess what happened? NOTHING! This isn't hard, go to Google or any other search site and look for articles predicting the end of life as we know it since the hurricanes were getting worse and "experts" were predicting more storms in 2006.

      Foreclosures. I can't speak for CO but here in FL the foreclosures are the fault of the buyers and not the economy. Because of the rising prices but low rates many people ignored fundamental rules about buying homes and overextended themselves, took dubious mortgages (interest only loans, etc.) thinking that the boom would go on indefinatly (sounds just like automakers and SUV's).

      Now something could happen to plunge us into recession, depression, anarchy, whatever. But something might ALWAYS happen. You live your life and plan based on the info you got, not the maybes.

      Hey, an asteroid might hit the earth - so you better buy gold coins! :)
      Jordan Fogal
      • 8 Years Ago
      Why don't chysler dealers prove they believe and stand behind their cars... by being the only Car Company that doesn't need or hide behind an arbitration clause.
      • 8 Years Ago
      Greg, This is your physician! As I said when you left my office: "Just take your meds every day and those scary monsters will quit coming out of walls to eat your brain". Now, take your meds and find your way back to your mom's house.