Category Archives: Chrysler – DO NOT USE

Automaker shakeup means used cars in New Jersey may be only option for some models

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Posted in Auto Industry News, Chrysler - DO NOT USE, Dodge - DO NOT USE, Jeep - DO NOT USE

When Fiat announced that it was buying a stake in Chrysler, automotive enthusiasts understood that some models of the ailing corporation would only be available in the future as used cars in New Jersey. But a new report indicates that a healthy percentage of the automaker’s product line will no longer be sold.

Chrysler sells cars under its own name, as well as Dodges and Jeeps. According to the Wall Street Journal, Italian automaker Fiat will be eliminating production of the Chrysler PT Cuiser and Sebring, as well as the Dodge Caliber, Nitro, Avenger and Grand Caravan. Also set to be taken off new car dealer showroom floors are the Jeep Commander, Compass and Patriot.

In their place, buyers will see Alfa Romeos and the Fiat 500, a subcompact that is popular in Europe according to the news provider. It notes that the new offerings will arrive in 2012, and Fiat CEO Sergio Marchionne will need to keep the company afloat while the changes are made.

Buyers can add those models to the lists of vehicles only available by researching used cars in New Jersey, thanks to automakers’ cutbacks. Other cars that are no longer produced include Pontiac’s G-series and all Saturns.

Recouping the bailouts funded by owners of used cars in New York may never happen

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Posted in Auto Industry News, Chrysler - DO NOT USE

Owners of used cars in New York, as well as other taxpayers, are currently on the hook for $74 billion that the U.S. government has invested in Chrysler and General Motors. A new report suggests that there’s no way they’ll make all their money back.

“With the economic suffering the American taxpayers have endured during the past two years one wonders why Chrysler and GM merited such generosity to the exclusion of other taxpayers,” Representative Jeb Hensarling told the Washington Post of the findings. The Republican was a member of the panel that issued the report.

Roughly $5 billion given to Chrysler isn’t likely to be repaid, and the loans to General Motors would require stock prices many times greater than current levels before the company could afford to pay them back, the newspaper notes.

Treasury Secretary Timothy Geithner defended the bailouts, saying that there would be benefits to American taxpayers, according to the Detroit News. He did admit that “some scenarios, which in Treasury’s view are more likely, show much lower recoveries for the initial loans made to GM and Chrysler.”

Struggling automakers’ finances could affect future supply of used cars in New Jersey

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Posted in Auto Industry News, Chrysler - DO NOT USE

The government currently has a stake in both Chrysler and General Motors, and while they are optimistic that GM could go back on the stock market by next year, the continuing troubles for both firms could affect the supply of used cars in New Jersey.

A reduction in sales for the past year has led to both companies cutting down on production of new cars, and White House officials say that General Motors may be able to even break even this year, if the industry as a whole can sell 10 million cars, according to BusinessWeek.

Demand could increase for used Chrysler cars in New Jersey, because “[the firm] is undertaking a remarkable transformation, but it will take time for new vehicles to come out,” Ron Bloom, a senior adviser to the White House, told the magazine.

If the $65 billion already given to the automakers doesn’t provide them enough stability to remain solvent, the Obama Administration will not recommend future financial aid, according to a New York Times report.

Neither will auto parts suppliers, which some analysts have said will go bankrupt because of reduced demand for new cars, noted the newspaper.

Chrysler unveils electric concept car for USPS

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Posted in Chrysler - DO NOT USE

Chrysler showcased four all-electric Town & Country minivan concepts to the U.S. Postal Service yesterday and vowed to apply for a grant to manufacture a “fleet” of such cars for the government agency.

The car manufacturer said it intends to apply to the U.S. Department of Energy’s Transportation Electrification stimulus program for a federal grant, enabling Chrysler to make enough zero-emission electric minivans for most of the postal workers around the country.

“Our ENVI electric minivan concepts illustrate Chrysler’s innovation with electric vehicle technology and show what the future could hold,” said Frank Klegon, executive vice president fo product development at Chrysler.

ENVI, which gets its name from the first four letters of the word environment, is a team within Chrysler charged with the task of integrating electric-vehicle technology into existing products.

Sam Pulcrano, vice president of sustainability at the USPS, said the department is currently looking to replace its “aging fleet” with energy-efficient vehicles.

Because of an established relationship with Chrysler, the USPC currently has more than 10,000 minivans in its fleet from the car manufacturer.

Find Used Chrysler cars in the New York Tri-State Area with New Jersey State Auto

Some classic cars under $10,000

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Posted in Chrysler - DO NOT USE

When buying a used car, sometimes it isn’t about getting better gas mileage or saving money. Sometimes you want to buy something classic. According to Jalopnik, there are a number of “classic” cars that can be had for under $10,000.

Among the list is the 1988 Chevrolet Corvette 35th anniversary edition, which the site says can be had for just under $10,000. With only 2,050 produced it makes it a classic and as Jalopnik says, “the epitome of the Eighties.”

Another American made car on the list is the 1983 Chrysler Cordoba, which featured the late Ricardo Montalban in its commercial in the 80s touting its “soft Corinthian leather.” For that reason alone it might be worth shelling out the $9,995.

Topping the website’s “Cool Factor” is the 1988 BMW E28 M5. If you’re wondering why this car made the list Jalopnik says “then the Ultimate Driving Machine is not for you.”

Granted none of these cars are at the level of the 1937 Bugatti which sold for $4.5 million at auction last week or the 1957 Ferrari Testa Rossa that is expected to fetch $10 million in May, but they are classics in their own right.

Find New York Used Cars with New Jersey State Auto.