Chrysler LLC Reports 35% Decline in October Sales
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Chrysler LLC reported total October 2008 U.S. sales of 94,530 units, down 35% from the same month last year. Sales for October reflect an overall industry decline and reduced fleet sales.
Jeep Patriot sales increased 2% compared to September 2008 and 62% year-to-date compared to same timeframe in 2007.
In October, Dodge Challenger sold 3,014 units, marking a 27% increase over September 2008 sales.
The Company finished the month with 395,996 units of inventory, or a 113-day supply. As part of a planned alignment with the market for in manufacturing production, inventory is down 16 percent compared with October 2007 when it totaled 469,426 units.
In November, Chrysler will continue to offer the attractive incentive programs that were introduced last month. These deals provide customers an opportunity to take advantage of the remaining 2008 model year inventory at the best deals of the year. The incentive plan will focus on aggressive cash rebates up to $6,000 and discounted APR financing that drive lower monthly payments.
In addition to the significant cash incentives, in select markets some 2008 model year vehicles are available with a 0% APR for up to 72 months; and 2009 model year vehicles are available with a 1.9% to 4.9% APR for 72 months.[SM]
Jeep Patriot sales increased 2% compared to September 2008 and 62% year-to-date compared to same timeframe in 2007.
In October, Dodge Challenger sold 3,014 units, marking a 27% increase over September 2008 sales.
The Company finished the month with 395,996 units of inventory, or a 113-day supply. As part of a planned alignment with the market for in manufacturing production, inventory is down 16 percent compared with October 2007 when it totaled 469,426 units.
In November, Chrysler will continue to offer the attractive incentive programs that were introduced last month. These deals provide customers an opportunity to take advantage of the remaining 2008 model year inventory at the best deals of the year. The incentive plan will focus on aggressive cash rebates up to $6,000 and discounted APR financing that drive lower monthly payments.
In addition to the significant cash incentives, in select markets some 2008 model year vehicles are available with a 0% APR for up to 72 months; and 2009 model year vehicles are available with a 1.9% to 4.9% APR for 72 months.[SM]
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