Sep 11 2009

Chrysler to resume leasing vehicles soon?

In late July 2008, Chrysler announced that it would stop leasing vehicles effective August 1. The news helped exasperate the decline of Chrysler group vehicle sales while giving customers fewer options for getting into a new vehicle. After leasing was discontinued, Chrysler’s market share dropped from 11.3% to 9.2%. The decline came in part because of Chrysler’s very public bankruptcy proceedings and its lackluster product lineup, but there is little doubt that the end of vehicle leasing was also a major contributor to the automaker’s precipitous decline.

Q Full article, Source: AutoBlog