Chrysler Group Reports Certified Pre-Owned Vehicle (CPOV) Sales for October 2005
Auburn Hills, Mich., Nov 7, 2005 –
Chrysler Group reported that its Five Star dealers sold 8,136 Certified Pre-Owned Vehicles (CPOV) in October, a 3 percent decline from October 2004 sales of 8,415 units. Year-to-date sales set a new record of 88,764 units, up 8 percent from year-to-date sales last year.
Chrysler brand posted gains in October, increasing sales 2 percent to 2,467 units, while Dodge brand sales dipped 3 percent to 3,809 units and Jeep® brand sales declined 10 percent to 1,860 units. However year-to-date sales are up across the board with Chrysler brand sales surging 19 percent, Jeep brand sales advancing 7 percent and Dodge brand sales increasing 2 percent.
“Despite industry CPOV sales being down 4 percent in October, Chrysler Group increased its market share in this highly competitive automotive segment,” said Ray Fisher, Chrysler Group Vice President – Sales, Service and Parts Operations. “The head-turning style of our Chrysler, Jeep and Dodge CPOV products along with our comprehensive bundle of consumer benefits continues to draw customers to our Five Star dealerships.”
Chrysler Group offers one of the most comprehensive certified pre-owned vehicle programs in the industry. For a vehicle to be certified under the Chrysler Group’s used vehicle program, it must be a 2000 through 2005 model pre-owned vehicle with less than 65,000 miles, pass a stringent 125 point inspection and in addition, consumers are given a vehicle title history. Chrysler Group certified pre-owned vehicles are backed by an 8-year/80,000 mile powertrain limited warranty, a 3-month or 3,000 mile maximum care warranty, 24-hour, 365 day full roadside assistance, and $35 per day rental car allowance.
Marketed as “Brand Spankin’ Used,” Chrysler Group’s Certified Pre-Owned Vehicles are sold only through Chrysler, Jeep and Dodge dealerships who have earned the Five Star Certification. Five Star Certification is a comprehensive validation of the dealership’s facilities, operational processes, salesperson and technician training accreditation as well as customer satisfaction survey ratings. Approximately 2,400 Chrysler Group dealerships in the U.S. are certified Five Star dealers.