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Automated System
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Chrysler's refusal to recall nearly 2.7 million 2002-2007 Jeep Libertys and 1993-2004 Jeep Grand Cherokees is not affecting resale values of pre-owned Jeeps, including those covered in the National Highway Traffic Safety Administration's requested recall over an unproven fire hazard. According to an article by Arlena Sawyers in Monday's print edition of Automotive News, neither wholesale nor retail prices have shown any unusual downward trend, despite the media attention showered on the dispute. In fact, the average wholesale price of a 2004 two-wheel-drive Grand Cherokee, which had recently increased by $150, remain unchanged. The major factor cited is the age of the vehicles involved: the Grand Cherokees under federal scrutiny are from nine to twenty years old and the newest Liberty is from six model years ago. Most new car dealers don't stock pre-owned vehicles more that four to five model years old and most financial institutions won't finance..

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