Chrysler News

• New vehicle customers receive employee price on all 2008 and 2009 Chrysler, Jeep_® and Dodge vehicles
• Customers also receive discounts of up to $3,500 on 2009 model year vehicles and $6,000 on 2008 model year vehicles
• Zero percent financing is available for up to 48 months
• $1,000 consumer bonus cash is available on most models when financed at Chrysler Financial or local credit union
• New program is effective beginning on  Jan. 26, 2009

Auburn Hills, Mich., Jan 22, 2009  -  Chrysler LLC announced today that it will offer the new “Employee Pricing Plus Plus” program to all customers toward the purchase or lease of a new 2008 or 2009 Chrysler, Jeep_® or Dodge vehicle.  In addition to the employee price, customers will be eligible for cash discounts of up to $3,500 for 2009 model year vehicles and up to $6,000 on 2008 model year vehicles. Chrysler Financial is also offering zero percent financing to qualified customers for up to 48 months. Other finance terms and rates are also available.”Chrysler is offering America the same pricing our employees receive through the new ‘Employee Pricing Plus Plus’ program with great savings off the Manufacturers Suggested Retail Price, plus cash discounts of up to $3,500 on 2009 models, plus zero percent financing through Chrysler Financial,” said Steven Landry, Executive Vice President – North American Sales, Marketing, Mopar Parts and Service. ”With affordable financing available and some of the best pricing we have offered in recent months, this really is a great time to visit a Chrysler, Jeep or Dodge dealer.”

The “Employee Pricing Plus Plus” incentive program is available to all customers beginning on Mon., Jan. 26. Dodge Sprinter is not included in this program.

The new “Employee Pricing Plus Plus” program will be featured in a comprehensive ad campaign starting Jan. 26, and includes national print, broadcast and digital media. The overall campaign continues with the ”Driving America” theme combined with the newly available Employee Pricing.  

• Jeep® Wrangler sales increased 4 percent (6,362 units) compared to January 2008 (6,137 units).
• Dodge Journey sales continued to climb as sales reached 3,092 units.
• Dodge Challenger sales reached 2,757 units, up 6 percent over December 2008.
• Dodge Avenger sales increased 6 percent (2,171 units) versus December 2008.
• The Company finished the month with 359,980 units of inventory, or a 151-day supply. Inventory is down 13 percent compared with January 2008, when it totaled 413,874 units.

Auburn Hills, Mich., Feb 3, 2009  -  Chrysler LLC today reported total January 2009 U.S. sales of 62,157 units, down 55 percent versus the same month in 2008 (137,392 units), and down 31 percent from December 2008 (89,813 units). Total sales were suppressed by a significant reduction in fleet sales, which is aligned with the Company’s sales strategy helping to maintain or improve the overall residual value of Chrysler vehicles for our customers. Fleet sales were down 81 percent for January compared to the same time last year.“Chrysler LLC received the first $4 billion installment of our $7 billion bridge loan from the U.S. Treasury in early January,” said Jim Press, President and Vice Chairman – Chrysler LLC. “However, it wasn’t until later in the month that Chrysler Financial received its $1.5 billion loan, greatly enhancing its ability to support our dealers and provide credit to our customers. We were very encouraged and working closely with Chrysler Financial, were immediately able to introduce our zero percent financing for customers.”
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Washington, D.C., Nov 16, 2008  -  As the U.S. Congress considers support for the domestic automobile industry, a select group of Chrysler’s U.S. dealer network will visit Capitol Hill on Tuesday, November 18 and Wednesday, November 19 to discuss their concerns regarding the impact of the global financial and liquidity crisis in their communities across the country. The dealers will specifically voice their support for temporary financial assistance for the domestic auto industry.

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A deteriorating U.S. economy combined with an ongoing credit crunch is darkening the credit outlook for the auto finance market well into 2009, said Moody’s Investors Service in a report on Tuesday.

“The sector is clearly under severe stress,” said Curt Beaudouin, vice president and analyst at Moody’s. He noted increasing delinquencies and write-downs of uncollectable debt, higher loss severities due to slumping used-car prices, as well as shrinking new vehicle sales.
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