Black Tuesday for fourteen Colorado Chrysler dealers
An image from an economic-impact study about car dealers in Colorado.
Today's the day when fourteen Colorado auto dealers are supposed to stop selling Chrysler products as part of the beleaguered company's attempt to emerge from bankruptcy -- an effort that hit a bump in the road yesterday when a ruling by Supreme Court Justice Ruth Bader Ginsburg delayed the firm's sale to a consortium led by the Italian automaker Fiat. Tim Jackson, spokesman for the Colorado Automobile Dealers Association, has branded this particular June 9 as "Black Tuesday," echoing a phrase from the 1929 Wall Street crash -- and undoubtedly, the affected dealers can see the connection.
The CADA home page features a couple of links intended to emphasize the impact of car dealers on fiscal health locally and nationally. The first, "The Franchised Automobile Dealer: The Automaker's Lifeline," is a 2008 report that declares, "Far from being a burden to the manufacturer it represents, the automobile dealer supports the manufacturer's efforts by providing a vast distribution channel that allows for efficient flow of the manufacturer's product to the public at virtually no cost to the manufacturer." The second, 2007's "The Economic Impact of Franchised New Vehicle Dealers on the Colorado Economy," quotes Jackson as saying, "Dealers provide tens of thousands of jobs to Colorado residents, and are an important component of the State's economy. Colorado franchised new vehicle dealers are very proud of their contributions to economic growth and development in the State."
This statement has been true for generations. But neither that fact nor the Supreme Court's action are likely to prevent the dealers in question from being forced into an ugly divorce with the smallest member of the no-longer-so-big three.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Westword's biggest stories.
- Ten Best Denver-Area Coffeehouses That Also Serve Liquor
Wed., Dec. 9, 7:00pm
Wed., Dec. 9, 8:00pm
Fri., Dec. 11, 7:00pm
Fri., Dec. 11, 7:35pm
- Remembering the Sand Creek Massacre: The Past Is Always With Us
- Stoner Hill Is a Refuge for Young Homeless and an Eyesore for Neighbors