No Spin From Chrysler - Jeep Sales Down 43%

Date 2008/10/2 7:23:15 | Topic: Sales

There was nothing positive in Jeep sales in September for Chrysler to spin. Every single model had a double-digit decline in sales compared to September of 2007. Both Commander and Compass sales dropped 65%. The Patriot took the lightest hit (probably due to its fuel economy) by dropping only 25%.
Chrysler LLC today reported total September 2008 U.S. sales of 107,349 units, down 33 percent from the same period last year. Total September sales reflect a highly volatile economic environment, ongoing segment shifts and reduced fleet and lease volume. Sales for the month were supported by models such as the Dodge Journey, Dodge Grand Caravan, and Chrysler Town & Country, as well as competitive pricing and aggressive monthly payment offers.

"The economy is going through a difficult restructuring, resulting in great uncertainty among consumers," Jim Press, Chrysler LLC Vice Chairman and President, said. "We are committed to supporting our customers with significant savings and innovative financing, and our dealers with new business solutions. Longer term, we all need to be investing in building a healthier automobile industry and be ready to compete when the economy strengthens."

The Company finished the month with 381,365 units of inventory, or a 85- day supply. As part of a planned reduction in manufacturing capacity, inventory is down 15 percent compared with September 2007 when it totaled 450,733 units.

Full sales figures after the jump.
           Jeep Sales Summary Thru September 2008

Month Sales Vol %
Model Curr Yr Pr Yr Change
Compass 993 2,852 -65%
Patriot 3,190 4,245 -25%
Wrangler 6,130 8,605 -29%
Liberty 4,963 6,830 -27%
Grand Cherokee 4,565 10,419 -56%
Commander 1,590 4,509 -65%
JEEP BRAND 21,431 37,460 -43%

Selling Days 24 25

Sales CYTD Vol %
Model Curr Yr Pr Yr Change
Compass 22,389 31,273 -28%
Patriot 47,344 27,612 71%
Wrangler 65,135 92,549 -30%
Liberty 54,293 68,865 -21%
Grand Cherokee 57,333 93,246 -39%
Commander 22,654 50,124 -55%
JEEP BRAND 269,148 363,669 -26%

Selling Days 230 230

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