Resale Values for Chrysler Vehicles Fall

Not surprisingly, the resale values for Chrysler, Dodge and Jeep vehicles fell 6 percentage points following the automaker’s filing for Chapter 11, according to market research firm Automotive Lease Guide.

Before the bankruptcy filing, a three-year-old Chrysler had a resale value of 34.8%, a Jeep 38.4% and a Dodge would go for 37.3% of its original sale price. Now, those resale values have fallen to 28.8% for Chrysler, 32.4% for Jeep and 31.2% for Dodge.

Residual values affect the monthly payments of auto leases, so GMAC — now the main source of lending for Chrysler — will likely delay an increase in leasing. Also, consumers trading in Chryslers as part of their down payment for a new vehicle will get lower trade-in offers.

It’s also possible that smaller banks will ask for larger down payments from customers buying new Chryslers to cover the faster depreciation.

Resale Values Fall 6% for Chrysler Vehicles (Detroit Free Press)

Comments

With all the incentives, probably a lot of used cars, all brands, are going to suffer in the resale values.

The only people who should buy Chyrsler vehicles are ones who are going to keep them til they die. Then resale value will be less of a factor.

just another reason not to buy from chrysler, or should I say government chrysler

i get them at home and at work and i have never bought a car with a warrenty and i work at a harley dealer

I'm not surprised Chrysler is going down the drain, people are finding out the truth about the company and not buying their vehicles while those who buy American have been for years going over to Ford and GM.

http://www.dontbuydodgechryslervehicles.com and http://www.daimlerchryslervehicleproblems.com