Filed under: Car Buying, Chrysler, LLC., Earnings/Financials
Chrysler to raise 2009 prices by an average of $500
On Wednesday, Chrysler told its dealerships that it will be increasing the sticker price of its 2009 models by an average of $500. Shipping costs are also being raised by about $50 per vehicle, which could very well have something to do with the price of fuel. While this may seem like odd timing for a price increase considering the well-covered sales slump from which all auto manufacturers (yes, we truly do mean all auto manufacturers) are suffering, some dealership owners are commending Chrysler for holding the line on pricing for as long as it has. Cross-town rivals General Motors and Ford have already increased their prices, and both of their increases were for higher amounts. Thus, it was only a matter of time before Chrysler followed suit. Still, with the sagging economy and current credit crunch, the news isn't likely to help sales any. [Source: Automotive News - sub. req'd]
Reader Comments (Page 1 of 1)
aknutson 8:04AM (10/03/2008)
This is happening to everybody so its understandable, it just sucks extra for Chrysler because they don't make anything good.
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Flashpoint 10:13AM (10/03/2008)
This is why Chrysler is on a Suicide Watch.
The 300 is aged to the point where its not that cool anymore and the Charger is following. No one is gonna want a Challenger with anything less than an SRT8, which means, it isn't gonna sell very well.
Once GM and FORD get their new cars out, Chrysler will continue to slip behind the Asians in sales.
What's sad is, the only thing they make worth a damn now is the Town&Country.
Russell 10:34AM (10/03/2008)
Chrysler raising prices?
That'll surely make people swarm to the dealerships.
Nightcrawler 4:03PM (10/03/2008)
I wouldn't say no one will want the Challenger with less than the SRT8. V6 Mustangs were always the bulk of their sales. Some people are more interested in the show than the go.
But then again, who knows what effect high fuel prices will have on that. You could argue that will increase V6 sales even more, or you could argue that the average person will want better mileage than even the V6 gives leaving only the hardcore buyers who will want the SRT8.
dodgeviper88 8:08AM (10/03/2008)
Ok, altogether now say bye bye to chrysler.
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Stumpy 10:16AM (10/03/2008)
Bye Bye Chrysler! [Waves Hand]
2007RC46SP2 11:52AM (10/03/2008)
na na na naa, na na naa naa, hey, hey, hey, a good by.
as they walk thru the valley of the shadow of death.
f650 8:11AM (10/03/2008)
Well it's just $500 more they'll have to take back off when they realize their cars/trucks don't sell.
I hear Rams being advertised on the radio for like 40% off MSRP or something.
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Soccer Mom 8:41AM (10/03/2008)
That's going to boost them sales.
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mr.ed 9:06AM (10/03/2008)
This just means that the rebates will be $500 higher. They started them, and are stuck with them.
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Daniel 9:32AM (10/03/2008)
Chrysler to raise 2009 incentives by an average of $500
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BigWill 10:21AM (10/03/2008)
This makes no sense. Things are so bad for them that in September 2008 one can already get 2009 Chrysler minivans for $2-3K under invoice and they still aren't selling. This is going to be really helpful.
We should start a pool as to the date Ghosn will buy Chrysler's wreckage for next to nothing.
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Patate 12:30PM (10/03/2008)
Oh yeah.. Mr.Bean will surely buy Chrysler's "wreckage", figuring he had *so much* success with Nissan lately.
Cerberus's buisness is to buy companies that aren't going well, invest in them, and re-sell them at a higher price.They know what they're doing.
Torrent 11:12AM (10/03/2008)
Yeah because Chryslers are in so much demand, they need to hike prices.
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Stumpy 11:12AM (10/03/2008)
This would be a good episode of "What were they thinking?"
I mean honestly, how can Chrysler run a business like this?
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Gardiner Westbound 12:32PM (10/03/2008)
What value does increasing a fictitious list price yield?
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Amien 2:40PM (10/03/2008)
Loan not enough?
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Rick 7:48PM (10/03/2008)
Why not find something in the cars assembly of parts/materials that can be tweaked to save the $500?
They could save a ton if their brand logo was only 6" long instead of a foot. That would be a lot of saved plastic which could be passed along to the consumer.
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