Chrysler Group LLC and Ford Motor Co. are running low on their hottest-selling models under the cash for clunkers program, even as President Barack Obama signed authorization Friday of an additional $2 billion to extend the program.
Some Chrysler dealers are out of the Dodge Caliber, Dodge Avenger, Jeep Compass and Jeep Patriot.
“We sold out a week ago,” said Steve Demers, general manager of Cueter Chrysler Jeep Dodge in Ypsilanti. “While I am happy that the additional money was approved, I, along with others, will not be able to take advantage of the demand.”
Chrysler’s Belvidere, Ill., assembly plant, which makes the Caliber, Compass and Patriot, is trying to catch up.
“It may take some dealers a couple of weeks to get more small cars,” Chrysler spokeswoman Kathy Graham said.
Ford’s stock of the Focus and Escape, its two hottest-selling clunker replacements, is low, according to WardsAuto.com, which tracks inventory.
The lack of popular Fords and Chryslers could drive buyers to foreign-brand cars that are selling well under the program. Even with more money available, the popular program is expected to end this month....More
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