Chrysler Closing 1/4 Of Dealerships Nationwide

This shouldn't come as a surprise as Chrysler struggles to get on sound financial footing. It's closing a quarter of its dealerships.

Chrysler LLC will close down 789 dealerships, or roughly 25% of the current number, according to a plan filed in bankruptcy court Thursday.

Chrysler had a total of 3,181 authorized dealers in operation at the time of its April 30 bankruptcy court filing, according to court filings. Just over half of that number accounted for more than 90% of Chrysler sales, according to the filing.

The dealers being shut down represent 14% of Chrysler's total sales, the carmaker said.

Auburn Hills, Mich.-based Chrysler does not believe closing these dealerships will adversely affect sales.

For New Jersey, it means 30 dealers are going by the boards, which are named here.

That means that those dealers that are closing represented a drag on business and weren't profitable for the company. It also means that those working at those dealerships will soon be out of jobs, and will have a hard time finding work within the industry given the dire problems facing the US automakers.