Chrysler joins credit union plan

December 16th, 2008 by DaveAdmin

Chrysler has followed GM by making a deal with the Michigan Credit Union League which makes low-cost loans available to Chrysler buyers, in return for additional discounts for members of participating credit unions. The plan will be expanded to 2,500 credit unions in 12 states, with nearly 25 million customers; around $25 billion is available [...]

Tags: credit, discounts, loans. Chrysler

Dodge “twofer” deal details

December 15th, 2008 by DaveAdmin

Some time ago, a dealer offering “two for the price of one” made national news, with some outlets scoffing at the apparent worthlessness of Chrysler vehicles. A new Automotive News article, however, shows that the discounts are not nearly as deep as one would expect.
Bettenhausen Dodge of Tinley Park, Illinois started a “buy two cars [...]

Tags: Chrysler, credit, Dakota, dealers, discounts, Dodge, incentives, PT Cruiser, rebates, Sales. Auto industry, Chrysler, Incentives, Sales

GM finds a way around Cerberus-owned GMAC

December 10th, 2008 by DaveAdmin

General Motors, having sold a controlling interesting in GMAC to Cerberus, has now lined up a group of midwestern credit unions who are willing to make $10 billion in low cost financing available to their 12 million members, for buying General Motors vehicles. In return, GM is working with them to offer special price discounts [...]

Tags: Cerberus, credit, discounts, GMAC. Auto industry, Cerberus

Canadian Chrysler sales a bright spot

December 2nd, 2008 by DaveAdmin

Chrysler Canada today announced sales of 15,560 for the month of November, down somewhat from November 2007 (18,445), with calendar year-to-date sales of 210,702 compared to 213,729 in the same period last year.
“With only one month remaining, Chrysler Canada is on track for another solid year,” said Reid Bigland, President and CEO of Chrysler Canada. [...]

Tags: Canada, discounts, Dodge, prices, pricing. Canada, Chrysler, Sales

Grim October sales pace worst in 25 years

November 4th, 2008 by Bill Cawthon

As predicted, October’s U.S. light vehicle sales weren’t pretty. A tough economy and severely tightened credit produced a seasonally adjusted annual rate of just 10.56 million sales, the lowest SAAR since February 1983. Combined reported sales numbers missed even September’s anemic levels, coming in at about 838,000 units, 130,000 units less than last month and [...]

Tags: BMW, Caravan, Chrysler, credit, discounts, Dodge, Dodge Challenger, Dodge Charger, economy, General Motors, Honda, incentives, Jeep, Journey, loans, merger, minivans, Nissan, pickups, polls, prices, pricing, ratings, record, Sales, Toyota, Volkswagen, Volvo. Auto industry, Chrysler, Dodge, GM, Incentives, Jeep, Sales, Trucks

Canadian sales continue to defy U.S. declines

November 3rd, 2008 by DaveAdmin

Chrysler Canada today announced sales of 15,731 for October, an increase of 2% over October 2007 and consistent with sales through the first nine months of the year.
Reid Bigland, President and CEO of Chrysler Canada, pointed out that October “marked the 25th month of sales growth over the last 27 months.”
The Dodge Grand Caravan celebrated its [...]

Tags: Canada, Chrysler, discounts, Dodge, Dodge Ram, incentives, pricing, Sales. Sales

Chrysler reports 35% decline in sales, in line with industry