RSS RSS Twitter Twitter
Leftlane - news, reviews, and info for the auto-industry
 
 

Chyrsler to raise prices by 2 percent

06/16/2008, 10:39 AM

By Drew Johnson

As if battling waning consumer wasn’t bad enough, automakers are also facing a sharp increase in commodity prices. Many automakers have already announced price increases to offset the higher raw materials costs and Chrysler will follow suit for the rest of 2008 and on into 2009.

The number three U.S. automaker has announced that it will raise pricing by 2 percent across the board beginning June 16. The announcement was made to dealers last week by Chrysler co-president Jim Press and Chrysler’s North American sales head, Steve Landry.

“The average 2 percent increase brings total model year price increases in line with key competitors,” Chrysler spokesman Stuart Schorr told Automotive News. “It does not affect vehicles already in dealer inventory. Incentives would not be changed.”

The price hike will impact Chrysler vehicles built through the company’s summer buildout, and will continue on into next year.

Chrysler has already announced that the 2009 Dodge Challenger SRT8 will carry a $2,000 premium over the 2008 model, but that spike is well above the planned 2 percent increase. Since the Challenger is more of a niche vehicle, the extra 3.5 percent price increase is probably due more to high demand than high commodity prices.

    Print This Post

New car price quote

Zero obligation price quote from a trusted local dealer.
 
 

06/16, 10:46 AM

posted by:

F451

Fire Nardelli; sell Chrysler to real company.

06/16, 10:48 AM

posted by:

Jigs

its magic Tata! or was that Tadaa?

06/16, 11:50 AM

posted by:

mayer_ray_nagin

I guess somehow Chrysler needs to cover the cost of those $3 gas cards.

06/16, 2:29 PM

posted by:

brassmonkey

Increase 2%? Isn’t that the wrong direction?

06/16, 3:28 PM

posted by:

bolex

…just the price of everything going up, including metal.

06/16, 5:05 PM

posted by:

Jordan

is that pronounced “cursler?” they are cursed, you know.

06/16, 5:37 PM

posted by:

DeansterTJ

The few hundred people interested in Chrysler priducts are the only ones who care at this point.

06/16, 6:20 PM

posted by:

NoNameDenton1

Makes sense with the cost of materials rising, the other companies will have to do that as well.

06/16, 8:58 PM

posted by:

The Stig

Charging 2% more for one of the worst made products ever is a nonsensical business move.

06/17, 1:20 PM

posted by:

ktulu

prices go up, as0o prices go up

 
 
You need to log in with your user name and password before you can leave comments.

    

Forgot your Password?

Don't have a user name yet? Simply fill in the form below and click the link provided in the
confirmation email. You must supply a valid email address to complete the registration process.

  
 
 
 
 
  • Login
  • About
  • Contact
Please note that you need to log in with your user name and password before you can leave comments.
  

login
cancel
Forgot your Password?
Don't have a user name yet? Click here to register now.

Simply fill in the form below and click the link provided in the confirmation email. You must supply a valid email address to complete the registration process.

  
submit
cancel
Leftlane is the leading source for automotive industry and vehicle news, new car research, future vehicle information, and reviews. Read by car shoppers, driving enthusiasts, autoworkers, executives, and investors, the website is updated throughout the day with the very latest auto news - as it happens.

Leftlane also provides consumers with accurate and media-rich information on every car currently on the market. In-market shoppers can review specs, read overviews, view high-resolution images, watch videos, and estimate pricing. No other automotive publication brings together the same degree of timeliness, thoroughness and accuracy as Leftlane.
 
submit
cancel