Chrysler Proud of Post-Bankruptcy Performance

Chrysler is really satisfied with the first performance in the US market after emerging from bankruptcy as the company increased retail market share by more than 1 percentage point compared with June 2008. Specifically, Dodge Challenger sales increase 34 percent compared with June 2008, Dodge Ram sales grew 4 percent over the same period while Jeep Liberty increased deliveries by 8 percent.

Overall, Chrysler delivered 68,297 units in the United States in June 2009, a decrease of 42 percent compared to the same month of the previous year. Inventory is down 56 percent versus June 2008, with overall industry figures for June 2009 projected to come in at an estimated 9.7 million SAAR.

“We are proud our new company starts out its first month with increasing market share and continued strong retail sales,” said Peter Fong, President and Chief Executive Officer – Chrysler Brand and Lead Executive for the Sales Organization, Chrysler Group LLC.

“It’s a testament to our strong dealer network and loyal customers who supported Chrysler during the formation of the new company. We will continue to grow our new company by building on our brand heritage and offering consumers high-quality, fuel-efficient Chrysler, Dodge and Jeep vehicles."

Chrysler expects even better sales for the next months, mostly thanks to the Cash for Clunkers scheme signed by President Obama on June 24. Participants could receive a voucher of up to $4,500 if they agree to trade-in their old car in return for buying a new and more fuel efficient one. "Chrysler Group LLC not only supports the program, but is also adding an additional incentive of up to $750 for current Chrysler Group owners who have vehicles that qualify," the company said.