Chrysler LLC Posts Record Certified Pre-Owned Vehicle (CPOV) Sales Growth in 2007

Year-to-date sales rise 5 percent from 2006 totals

Auburn Hills, Mich., Jan 9, 2008 - Posting its sixth consecutive year of sales growth, Chrysler LLC reported that its Chrysler, Jeep® and Dodge dealers sold 122,028 Certified Pre-owned Vehicles (CPOV) year-to-date in 2007, a 5 percent increase from 2006 sales of 116,577 units.

For the year, Chrysler brand sales increased 2 percent to 39,924 units; Jeep brand sales jumped 12 percent to 31,388 units and Dodge brand sales rose 2 percent to 50,716 units.

Select certified-used vehicles posted improvement across all three brands in 2007 including the Chrysler 300 with sales up 34 percent to 6,711 units; Jeep Liberty sales were up 9 percent to 8,926 units and Dodge Ram pickup truck climbed 4 percent to 10,835 units. For the month of December, sales declined 5 percent to 8,860 units.

“As the fastest growing CPOV brand for the past six years, 2007 was another record year for our Brand Spankin’ Used® brand,” Peter Grady, Director - Remarketing, said. “However, it is important to note we could not sustain this type of record-breaking success without our solid dealer network, which works diligently each month to sell certified-used vehicles and invite new customers to Chrysler’s CPOV brand.”

Chrysler offers one of the most comprehensive Certified Pre-owned Vehicle programs in the industry. For a vehicle to be certified under Chrysler's used-vehicle program, it must be a 2003 through 2008 model pre-owned vehicle with less than 65,000 miles and pass a stringent 125-point mechanical, safety and condition standard inspection. Chrysler certified-used vehicles are backed by an eight-year/80,000-mile powertrain limited warranty, 24-hour, 365-day full roadside assistance with a $35 per day rental car allowance and a three-month or 3,000-mile Maximum Care warranty, in addition to a Carfax vehicle history report and buyback guarantee.

Marketed as “Brand Spankin’ Used,” Chrysler Certified Pre-Owned Vehicles are sold only through Chrysler, Jeep and Dodge dealerships that have had a comprehensive validation of the dealership's facilities, operational processes, salesperson and technician training accreditation before they are authorized to sell Chrysler Certified Pre-Owned Vehicles.

Source: Chrysler LLC

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