Illinois Car Dealer Sells Former PT Cruiser Rentals for $1

A dealer in Oak Lawn, Ill. has offered an incentive to get the five former rental PT Cruisers off the lot with an unusual promotion, reports the US News. If a customer buys a 2008 Chrysler Pacifica, he/she can get the 2008 PT Cruiser for $1.

The PT Cruisers, which normally run for $12,000 to $13,000, have about 10,000 miles on them.

According to CNN Money, floorplan loans, which car dealers take out on each new vehicle that is ordered from the automaker, become problematic the longer vehicles remain on the lot.

News reports indicate that sales for the Pacifica were down 90 percent in October compared to October 2007.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>