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Chrysler Dealers Busy Selling Cars Before Deadline

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Jun 6, 2009 6:30 pm US/Eastern

Chrysler Dealers Busy Selling Cars Before Deadline

BOSTON (WBZ) ― Hundreds of Chrysler dealers around the country have until Tuesday to liquidate their stock of cars before they are shut down.

Those dealerships are extra busy this weekend, as they hope to unload their vehicles before the deadline.

789 of 3,200 dealerships across the country are closing.

Read: The Complete Chrysler List

12 Chrysler dealers in Massachusetts, six in New Hampshire, and one in Rhode Island will be eliminated as part of the company's restructuring.

At Midway Motors on Route 30 in Framingham Saturday, Bill Kelly told WBZ they still have about 120 used cars left on the lot.

They sold all 65 of their new vehicles to other dealers who needed the inventory.

But don't expect a fire sale.

Dealers say the price of used cars - which is all Midway has left - is increasing in this recession.

"It's a sad time for all the dealers who are losing franchises," Kelly said.

"But, it's also a sad time for the overall automobile industry in the U.S."

Kelly said Midway will not be going out of business. 

They hope to bring in a new franchise soon.

Some of the dealers ordered closed have gone to court to challenge the company.

They'll remain Chrysler dealerships until the bankruptcy judge issues a ruling.

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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