SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Today’s numbers are a bummer

Tuesday, Mar 4, 2014

* AP

Poor sales of the new Dodge Dart have pushed Chrysler to temporarily lay off 325 employees at the Belvidere assembly plant that produces the compact sedans in northern Illinois.

Chrysler Group LLC confirmed the layoffs Monday, hours after releasing February sales figures showing a 37 percent decline for the Dart, the Rockford Register Star reported. The layoffs will last through the rest of the week and affect employees on all of the plant’s three shifts.

Overall sales for the company rose 11 percent last month from February of last year, but the Dart has failed to keep up with long-established competitors in the compact sedan market since its debut in 2012.

In a written statement, Chrysler said the layoffs were necessary to “to balance vehicle supply with current sales demand.”

- Posted by Rich Miller        


23 Comments
  1. - dupage dan - Tuesday, Mar 4, 14 @ 11:47 am:

    Bring back the slant 6! Push button transmissions!


  2. - Plutocrat03 - Tuesday, Mar 4, 14 @ 11:49 am:

    The worker’s suffer when the boys in Italy decide to build a car to their tastes, but apparently not to American ones…


  3. - RNUG - Tuesday, Mar 4, 14 @ 11:51 am:

    Today Chrysler announced it would be more profitable to lay off workers than spend money on advertising and rebates to push sales of their flagging Dodge Dart model.


  4. - wordslinger - Tuesday, Mar 4, 14 @ 11:53 am:

    I have peeps who work at the plant. They’d rather be making Rams then Darts. Trucks are where the money’s at these days.


  5. - PolPal56 - Tuesday, Mar 4, 14 @ 11:57 am:

    Man, my first car was a 1972 avocado green Dodge Dart and I LOVED that car.


  6. - RonOglesby - Tuesday, Mar 4, 14 @ 11:59 am:

    “Trucks are where the money’s at these days. ”

    Yup. for sure.


  7. - A guy... - Tuesday, Mar 4, 14 @ 12:13 pm:

    Bring back the Omni to Belvidere…and trucks.


  8. - titan - Tuesday, Mar 4, 14 @ 12:15 pm:

    Chrysler has had longstanding issues with quality control and crafting fully modern cars. Fiat died off in the USA years back amid rampant quality control issues.

    The Dart’s segment is full of highly competent, very reliable, fully modern cars. Chrysler/Fiat are in a tough fight here, and it could go either way.


  9. - Judgment Day - Tuesday, Mar 4, 14 @ 12:17 pm:

    From CNBC:

    “A combination of higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides.

    According to Experian Automotive, which tracks millions of auto loans written each quarter, the average amount borrowed by car buyers last quarter climbed above $27,000 for the first time ever.

    according to Experian, the average auto loan in fourth quarter 2013 was $27,430—an increase of $739 compared with the same period of 2012. The average used car loan was $345 higher, coming in at $17,974.

    Those (Buyers) with non-prime credit ratings—or credit scores between 620 and 679—had the highest average auto loan. For these borrowers, the average new car loan rose more than $1,500, to a new high of $29,385.

    Not surprisingly, those (buyers) with subprime credit ratings—credit scores between 550 and 619—had the highest average monthly payment, of $499.”

    More…..

    “The payments are rising despite an increasing number of car buyers opting to stretch their loans over six or seven years. According to Experian, a record 20 percent of all new car auto loans in the fourth quarter were more than six years in length.

    J.D. Power said last week that February was on track to have one-third of new car auto loans last at least six years.”
    ——

    New car sales are on a downward trend. The numbers tell the story - new cars are increasingly unaffordable. And much of the ‘unaffordability factor’ is because other costs for potential buyers are rising.

    The Federal Reserve keeps printing money and creating more financial bubbles, these types of minor ’side effects’ are going to keep happening.


  10. - Union Man - Tuesday, Mar 4, 14 @ 12:26 pm:

    They’re just an ugly little car. Who would by one?


  11. - fed up - Tuesday, Mar 4, 14 @ 1:06 pm:

    HMM no Pat Quinn on Hand taking credit for this but, he was there 2 years ago when they were hiring. Interesting he wants credit for the good but distance for the bad real leadership.


  12. - Arthur Andersen - Tuesday, Mar 4, 14 @ 1:18 pm:

    Fed up, C’mon man. I am no fan of PQ but he can’t be blamed for the bad weather pushing buyers toward SUVs (Jeep up 47%) or that the Dart is not competitive in its segment. Ironically, the hot-selling new Jeep Cherokee and the Dart share a Fiat chassis.


  13. - Arizona Bob - Tuesday, Mar 4, 14 @ 1:47 pm:

    I used to buy all Chrysler products until about 6 years ago, when they started having their transmission and electrical controls crap out at about 90,000 miles. Since then I’ve bought Lexus ES 330s (2006), and RX350 (2008) and Toyota Sienna(2009) and another Lexus Sedan (2010). Each one has performed better than any Chrysler I’ve ever owned and bought new (I bought the Lexus and Sienna Certified Pre-owned), even at over 100,000 miles on the 2006.

    Maybe it’s the fallout of more of the vehicle costs going to employee retiree pensions and healthcare instead of making better vehicles, but the Chryslers just aren’t worth it anymore.

    I didn’t leave them. They left me.


  14. - iThink - Tuesday, Mar 4, 14 @ 2:01 pm:

    “a record 20 percent of all new car auto loans in the fourth quarter were more than six years in length.”

    As more and more people slip out of the middle class they are using debt to try and maintain a middle class lifestyle. The banks make a ton, the investor class makes a ton (Rauner), the rest of us slide into the poor house.


  15. - fed up - Tuesday, Mar 4, 14 @ 2:18 pm:

    Arthur Andersen,

    Not blaming Quinn for the car, just pointing out he was there in good times but not bad. He liked the photo op and the over inflated jobs claim in feb 2012, but is silent today.


  16. - Rod - Tuesday, Mar 4, 14 @ 2:20 pm:

    Its really sad that the Belvidere assembly plant got stuck with the new Dart, which is really slow car. Here is one very ugly commentary from a Dart owner:

    “There are not enough characters allowed on this to describe my distain for this vehicle. Engine malfunction light came on in 200 miles. It is a faulting oil pressure sensor, they replaced and the light is still coming on. They are waiting for a software update that they “hope” will fix the problem. Computer sometimes prohibits the car from accelerating over 4000 rpms. No fix. They don’t know what is wrong. Again hope for a software fix. This is a real safety concern to me. In cold weather the battery light dings and flashes on the dash annoyingly, again they hope a software updated can fix it.. We are now going through the lemon law process. I refuse to pay over $18k for a broken new car.”

    I think it is still making the Jeep Patriot and Compass at Belvidere which have had strong sales because they are so cheap and still have the standard warranty. There are rumors these two cheap Jeeps will be phased out.


  17. - davidh - Tuesday, Mar 4, 14 @ 3:23 pm:

    “New car sales are on a downward trend”

    Sorry, demonstrably false: “Based on an AutoData estimate, light vehicle sales were at a 15.34 million SAAR in February. That is up slightly from February 2013, and up 1.8% from the sales rate last month.” Read more at http://www.calculatedriskblog.com/#lo7Ox5KLgpDkPcAY.99

    Please don’t make stuff up.


  18. - Formerly Known As... - Tuesday, Mar 4, 14 @ 3:30 pm:

    Chicago police have also been having trouble with some of their recently purchased Chrysler vehicles.


  19. - wordslinger - Tuesday, Mar 4, 14 @ 3:56 pm:

    U.S. auto sales are at a six-year high.

    I’m with AA: I’d buy new shoes before I’d ever drive a Dart. I ain’t blaming that dog on Quinn. They’re trying to grab the Ford Focus market, and it ain’t working.

    But he gets points for keeping that Belvidere plant humming. And the Ford plant on the South Side, too.

    I’m not a fan of corporate welfare, but those are real jobs that put bread on the table.

    In Belvidere, hopefully, they’ll retool for Rams or mini-vans, which is Chryslers bread-and-butter.

    Or Chargers. How about a retro Charger? I’d buy one.

    http://www.reuters.com/article/2014/01/03/us-autos-sales-usa-idUSBREA020ER20140103


  20. - What is to bo done? - Tuesday, Mar 4, 14 @ 4:28 pm:

    I used to have a Dart, quality in every part, baby that’s a Dodge.


  21. - Linebacker II - Tuesday, Mar 4, 14 @ 5:25 pm:

    The Dodge Dart is a crappy car, as are most Chrysler products. Wish Illinois had a Honda plant instead.


  22. - wordslinger - Tuesday, Mar 4, 14 @ 5:40 pm:

    –The Dodge Dart is a crappy car, as are most Chrysler products. Wish Illinois had a Honda plant instead.-

    Meh, the Dart’s a loser, but you’re an anti-UAW and anti-American fool.

    Got no use for you, here, cousin, among us Yankees in the Midwest. You know, the people who have been carrying your load since 1789.

    Go back to Dixie and let the foreign car makers hose you. I guess you like it that way.


  23. - VanillaMan - Tuesday, Mar 4, 14 @ 6:43 pm:

    It is too soon to call it a loser. It was forced to compete against another Dodge product and after the Avenger is gone, the Dart sales will be fine.


Sorry, comments for this post are now closed.


* Rauner oppo watch
* Zorn nails it again
* *** UPDATED x1 *** If at first you don't succeed...
* Lower ratings for ABC 7 debate
* Question of the day
* Bloomberg to spend $1.9 million on Dold
* Stand down... mostly
* BLS: A strong couple of months
* *** UPDATED x1 *** SUBSCRIBERS ONLY - Fundraising reports by targeted legislative districts
* Rate Sheila Simon's new TV ad
* Poe set to begin transplant process, faces "extended" recovery
* Rauner runs new TV ad touting newspaper endorsements
* *** UPDATED x2 - "Comical" - "No interest" *** Despite shout-outs, Neely says she and Rauner haven't talked
* Grimm on 150 - Minimum wage battles in other states - The return of "Matt the Welder" - Rauner on "right to work"
* A bevy of new congressional TV ads
* Quinn tax hike dodge count: 4
* SUBSCRIBERS ONLY - Supplement to today’s edition: Crosstabs, cable TV buys, ads
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Today's number: 165
* A grand good morning to you all!
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Apple breaks records, Nexus Ambient Display, Microsoft Lumia & more – Pocketnow Daily
        * HERE beta version now available for other Android devices
        * HTC EYE update rolls out for T-Mobile One M8, Verizon tomorrow
        * iPad Air 2 Review: The Best Tablet Available, Now More Portable And Powerful
        * iPad Mini 3 Review: Apple’s Small Tablet Stays Mostly The Same
        * Arq Dock 2.0: a gadget stand and charger in one
        * The new money: using Apple Pay in the real world (Video)

        * Apple Pay Found To Be Usable In Overseas With Some Tweaking
        * Apple Pay Rewards Program To Launch This Holiday Season [Rumor]
        * Maps Connect Web Portal Helps To Make Apple Maps More Accurate
        * Oppo N3 Teased Again On Facebook, Shows Off Fingerprint Scanner
        * Onyx Smartwatch Will Use An E-Ink Display For Better Battery Life
        * iPad Air 2′s A8X Chip Found To Be Of The Triple-Core Variety
        * Google To Roll Out Improved Anti-Piracy Search Algorithm

        * World Series Game 1: Notes and discussion
        * The e-gus off-season plan
        * Reading Room: A wild card of a World Series
        * Following same path as '59 White Sox, KC eyes title
        * larry's Offseason Plan
        * Abreu wins Sporting News' AL Rookie of the Year honors
        * Jose Abreau wins the Sporting News AL Rookie of the Year


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        October 2014
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Gov. Quinn issues statement on positive economi.....
        * Joliet adopts ‘Cupcake Law’..
        * Illinois Issues: Minimum Wage..
        * Edmonton Oilers ex-coach Tom Renney says he los.....
        * Haine calls on Gov. Quinn to deny clemency to c.....


        * Family, friends remember women slain in Indiana
        * Indiana man was violent long before 7 killings
        * Police: Indiana man confesses to all 7 killings
        * Expert: PTSD could be factor in activist's past
        * Former President Clinton stumps for Quinn, Durbin
        * Ballot error stops early voting in Rockford again
        * Ebola causing spike in demand for hospital gear
        * State: Jimmy John's founder owes taxes on planes
        * Former President Clinton stumps for Quinn, Durbin
        * VP Joe Biden to campaign for Schneider in Illinois

        * Rep. Raymond Poe to undergo stem cell transplant
        * Bill Clinton campaigns for Quinn, Durbin
        * Quinn, Rauner spar over jobs, taxes
        * Election 2014: Learn about all the candidates
        * What to watch for in third governor debate tonight
        * U of I sees turning point as election nears
        * Chicago Sun-Times endorses Rauner for governor
        * Sun-Times, Belleville, Champaign, Peoria newspapers endorse Rauner for governor
        * Bill Clinton to address workers at pro-Quinn rally
        * Body camera use concerns Illinois police officers

        * What's next for Tribune, Sun-Times in burb paper deal
        * Chicago heating bills will be significantly lower (if winter cooperates)
        * Chicago heating bills will be far lower (if winter cooperates)
        * Walgreen seeks to seal parts of former CFO's lawsuit
        * Big-biz group a big Mike Madigan donor


        * Father Bob Botthof, teacher who became priest after losing wife, dies at 85
        * Back to the past with mayor’s move
        * Dr. Lawrence Solomon: Renowned dermatologist, book collector loved a mystery
        * Emanuel’s cable tax hike to cost average consumer $28.80 a year
        * Fix pot law conflicts so industry can grow
        * Chicago Public Schools to sell headquarters for $28 million
        * Cardinal George’s advice to Archbishop Cupich: ‘Spend a lot of time listening’
        * Convicted sex offender in custody after 7 bodies found in NW Indiana
        * Fioretti tries to put heat on Emanuel over short yellow lights
        * Neely’s pre-election resignation deja vu of how she got her start


        * Public weighs in on Museum Campus plan
        * Waukegan schools remain closed Wednesday
        * 2 from Liberia screened for Ebola in Chicago after falling ill
        * Man dies 5 months after Southwest Side shooting
        * Naperville police ask for help locating "person of interest"
        * Inquiry broadens into suspect in Indiana serial killings
        * Emanuel set to outline re-election agenda with five speeches
        * Cook County Jail guard, inmates charged in drug smuggling
        * Man admits hate crime in West Side attack on lesbian couple
        * Chicago cops to get 2,500 bulletproof vests


        * Lincoln Legacy Lecture Series To Focus On "Lincoln's Funeral"
        * Small Campaign Contributions Amount To Chump Change
        * Civic Fed: Lawmakers Once Again Taking Illinois Down Bad Budget Path
        * Cheddar's Leaves Springfield WUIS-SJR Business Report
        * Area Cub Scouts Burned In Explosion
        * Notes On The Final Governor Debate
        * Task Force Hopes To Help Turn Students Into Good Citizens
        * Digging up the history of a Civil War camp on Chicago's South Side
        * Indiana suspect hints at more killings
        * UIS Poverty Series Continues With "American Winter" Screening


        * Our Opinion: Choice for Illinois comptroller comes down to experience
        * Rep. Raymond Poe to undergo stem cell transplant
        * Bill Clinton campaigns for Quinn, Durbin
        * Joanna McQuillan Weeks: Cheese balls deserve more respect
        * Our Opinion: White, Madigan for another term
        * Quinn, Rauner spar over jobs, taxes
        * Our Opinion: Say yes to Magro’s project
        * John Schick: Letter confirmed aggression toward bicyclists
        * Election 2014: Learn about all the candidates
        * U of I sees turning point as election nears


        * (No heading)
        * Letter: Schools already get too much in taxes
        * Bulletin board: Bulldog overcomes injury to advance
        * Callis, Davis agree Obama's proposed coal rules too restrictive
        * Teams of the Week: Monticello boys' soccer in spotlight
        * Athletes of the Week: Marcinko and Thomas
        * Area girls' golf rankings: M-S in spotlight
        * Danville mainstay closes doors
        * Fairview Heights City Council votes down clerk pay increase, again
        * Fourth annual Heartland Region Student Summit set for Nov. 7 to 9


        * Raanta strong as surprise starter for hurt Crawford
        * Boys soccer: Northwest roundup
        * 'Blade Runner' Pistorius gets 5 years in prison
        * Girls volleyball: Fox Valley roundup Tuesday, Oct. 21
        * Savory Salads coming to Arlington Hts.

        * Patrick Cannon defense strategy rare but n...
        * Feds fine Jesse Jackson Jr.'s campaign com...
        * Ex-Congressman Jesse Jackson Jr. faces sen...
        * Representative Jan Schakowsky Sends Letter...
        * Rep. candidate pushes to uphold marriage b...
        * Reps. Schakowsky and Waxman Introduce Bill...
        * Statement by Representative Jan Schakowsky...
        * U.S. House Passes Resolution Condemning An...
        * FAA Rejects Call For New O'Hare Noise Stud...
        * Representatives Quigley, Duckworth, Schako...

        * Clinton campaigns for Quinn, Rauner campai......
        * Clinton campaigns for Quinn, Rauner campai......
        * Clinton campaigns for Quinn, Rauner campai......
        * Clinton campaigns for Quinn, Rauner campai......
        * Clinton campaigns for Quinn, Rauner campai......

        * Obama Might Try To Circumvent Congress On ......

        * Because it was awesome.
        * Waukegan’s school board president speaks. Crazy talk.
        * New Bost ad hits Illinois 12th Congressional District [video]
        * Batinick says Dunn's desperate campaign charges are "ridiculous"
        * Topinka says reducing income tax would cause a heart attack to the state
        * Early Voting Halted in Winnebago County, Illinois Due to Ballot Mistake
        * Illinois Supreme Court Candidate Exposes Members of Shadowy Political Group
        * Illinois Supreme Court Candidate Under Attack by Shadowy Political Group
        * Bustos and Illinois Dems attempt to paint Schilling as "pro-rape"
        * National College Republicans: CCSI Illinois [video]


        * New TV Ad: Endorsed
        * Governor Quinn Statement on Positive Economic News - Illinois Led the Midwest in Job Creation in September and Had Second Best Growth in Nation; Unemployment Rate Has Dropped More Than Any Other State in the Last Year
        * Rauner Campaign Statement on Final Debate
        * What They’re Saying About Pat Quinn
        * What They’re Saying About Bruce Rauner




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller