Bankrupt Chrysler LLC is rushing to sell its assets as fast as possible because it wants to close a deal with Fiat SpA, possibly by Friday noon. Chrysler terminated the franchise agreements of 789 dealers and is now forced to liquidate that inventory.
Chrysler filed for bankruptcy on April 30 and all plants have been closed since May. Yet during that time Chrysler reported strong retail sales, much of it coming from dealers who are closing.
Customers who are buying are looking for fire sale prices. Discounts of $8,000 on 2008 models and $4,000on 2009 models are enticing customers even more. Plus there are added discounts for loyal Chrysler customers and those financing through credit unions, and 0% financing through, ironically, GMAC.
Giving a clear indication of just how low demand for new autos has fallen, the world's largest car maker, 
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