Chrysler May sales dip 30%
SOUTHFIELD, Michigan: Chrysler LLC is selling cars at a higher rate than the US industry this month, buoyed by incentives of as much as $6,000.
Chrysler's sales fell about 30 percent through May 18, less than the US market's drop of as much as 33 percent, said Gary Dilts, senior vice-president of consumer-research firm JD Power & Associates, which collects data from 6,000 dealers.
The results show buyers aren't turned off from dealing with a bankrupt automaker, a win for Chrysler in its bid to keep revenue flowing and cut inventory while in court protection. Chief Executive Officer Robert Nardelli told Congress in November that a Chapter 11 filing would shred demand.
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