Chrysler Offers Special Employee Lease Deal as Labor Pact Payout Begins
While preparing to send $3,000 checks to nearly 60,000 hourly workers this week -- as part of the new labor pact recently negotiated with the United Auto Workers union -- Chrysler is hoping employees spend the money at the company store, according to a report in the Detroit News.
From Oct. 6 to November 10, Chrysler is offering most of its labor force a special one-year lease for a $2,000 lump sum cash payment -- roughly the after-tax value of the bonuses, according to the News.
The deal applies to some 2004 versions of the Chrysler Sebring and Dodge Stratus sedans, Dodge Dakota pickup and Jeep Wrangler SUV, the Detroit News said, adding that UAW-represented employees are eligible, along with non-management white-collar workers.
The paper noted that, in one sly move, Chrysler is bidding to recapture some of the $180 million payout and boost flagging sales. Chrysler's U.S. sales fell 15 percent in September, according to the News.
More F&I
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
F&I Training Fundamentals
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →