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Denver right now to begin this arduous process that I involved John send an owner appropriately -- -- out in Thornton Colorado he's here with us.
How personal how business we don't know what's going out with Chrysler how I -- are you pushing fifty it's not the norm.
Our businesses improved every month since June.
Month over month and over last year so we're very encouraged.
Come coming out of cash for clunkers where do you stand right now is it in inventory issue with you.
Are people still come and an additional rooms.
Yes our inventory obviously is low because -- cease production for a couple of months.
We are now starting to receive the inventory that we need.
Last month I've sold about 45 units with 47 units in stocks though.
It was as far as new years ago it was turning human -- and a thirty day basis.
Like to have about sixty -- supply on the ground.
Which in my case would be about a 150 units and then another sixty -- -- coming.
So we're another 45 days or so away before we'll have that kind of inventory.
Could you halted inventory at one point -- refresh everybody's memory Chrysler -- halted production.
At one point in the interest of saving some money so that's partially why you're -- on inventory right now.
That's correct when they went through there reconstruction.
They cease building for about two months.
And so that put a little bit of -- hamper environment -- issues.
Are we better off going back to little -- single about the fifties where you had in 1956.
Chrysler in the 56 -- and things like that but having.
Much will mean fewer models out there and are we actually heading in that direction where -- -- -- has a couple.
Dodge has a couple -- has a couple as opposed to just be kind of spread out in the almost confusing the consumer.
But I think we're headed that way I think you got to see.
Limited numbers and by each of the manufacturers.
You'll see fewer models in each car line and I think that's where.
The situation got a little bit out of hand where you'd have a half a dozen models in the -- line when you really need it.
Basically a good better best.
They tell us about what you are selling and highest done it here in Colorado Rocky -- but actually selling trucks suvs.
Yes we do a very good job which he expects a -- goes out the door are people buying it or are they -- it.
Right now they're buying leasing has just started to come back into the industry.
Some of the manufacturer had -- the last couple of years.
About two years ago leasing.
Taken away by a number of manufacturers because.
They were guessing residuals wrong.
That in many factors were so -- the leases in other words they were assisting.
In the cost of the -- And when the vehicles were coming back.
After the -- a lot of these lenders were upside down.
Dollars though it didn't accomplish -- -- and in the future I think you're going to see leasing is still going to be there.
For a select number of models.
But leasing will be more expensive than what it was two years ago.
Is that because -- Leasing is based on the residual value of the value of the car at the end of the least and it wasn't being estimated properly so when the car was returned after the lease it was.
Worth less than what they originally thought when they -- the vehicle.
That's correct and I think you're gonna see leasing will be more expensive than a sixty month purchase as an example.
But you'll see that there be a number of people out there that would rather pay a little bit of a financial penalty.
They have the ability to switch vehicles every 36 months.
-- that was me for a -- are you offering 0% financing.
Yes we are.
That's -- on some models though right because that's that becomes an inventory issue to you can't really make deals on cars that you don't have on a lot sell.
The deals that are the cars that are really popular and are moving as soon as you get the inventory and are you making deals on those cars as well.
Absolutely -- we have eight PR 0%.
I'm just about every vehicle crossed the line.
John thanks -- -- and we appreciate it.
I -- -- -- for many years I love my little steep sport John Shannon from pro Chrysler Jeep in Thornton Colorado -- --
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