TUPELO – Chrysler dealers in Northeast Mississippi said they felt good Thursday about the automaker’s decision to file for Chapter 11 bankruptcy.
“It’s the best thing that’s ever happened,” said Hoyt Sheffield, owner of the 52-year-old Tupelo Auto Sales dealership. “It’s good news to know that we’re going to be in business and basically be the same company.”
Gary Cartwright, owner of Cartwright Ford Chrysler Dodge Jeep in Booneville, said Chrysler’s decision was sad but ultimately “a good thing for the company and the American consumer.”
He added that he doesn’t expect any changes at the dealership.
Sam Stevens, owner of Sam Stevens Motors in Amory, also said the bankruptcy left him “very optimistic.”
“I think it’s a lot easier for the public and the dealerships to be operating with a plan instead of the rumors that we might not make it,” he said.
Stevens said customers have been asking about their warranties and service on their vehicles. He said as far as he knows, everything will be honored.
And Cartwright said he expects more rebates and “fabulous deals” on Chrysler’s vehicles during the bankruptcy proceedings.
Stevens said it’s normal for consumers to have some pause when considering buying from a bankrupt company. But he said he doesn’t think that status should change customers’ minds.
“The incentives are still good,” he said. “The warranty is still good. The product is still good.”
Carlie Kollath/NEMS Daily Journal