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June 13, 2008

AUBURN HILLS, Mich. (AP) — Chrysler LLC is raising prices by an average 2 percent on most of its remaining 2008 vehicles in response to rising costs of steel and other raw materials.

The increase will take effect on vehicles shipped to dealers starting Monday, and won't affect vehicles already in dealers' inventories.

Chrysler spokesman Stuart Schorr says the increase will bring the Auburn Hills-based automaker's total model year price increase in line with those of key competitors.

Chrysler's sales were down 25 percent in May, a month in which the whole market dropped 11 percent when compared with May of last year. Through the first five months of the year, Chrysler's sales were off 19 percent, with huge drops in larger vehicles that make up most of its lineup.


LINK: The Associated Press: Chrysler raises prices 2 percent on 2008 inventory
 

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Discussion Starter #2
Reported increase to MSRP on Nitro is $385-$435 and will carry over to 2009.
 
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