Chrysler Resale Values Drop 6% In One Week After Bankruptcy Filing - Cherokee SRT8 Forum
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post #1 of 15 (permalink) Old 05-14-2009, 12:13 PM Thread Starter
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Chrysler Resale Values Drop 6% In One Week After Bankruptcy Filing


According to Automotive Leasing Guide, the resale value of a Chrysler vehicle dropped six percent in the week following the company's Chapter 11 bankruptcy filing.

In just seven days the uncertainty about Chrysler's future crept into the marketplace in a very real way, damaging the resale values for Chrysler, Dodge and Jeep products almost equally.

Prior to the bankruptcy filing a three-year old Chrysler was worth 34.8 percent of its original value. After the filing, that amount dropped to just 28.8 percent.

The value of a three-year old Dodge went from 37.3 percent to 31.2 percent and three-year old Jeep vehicles declined in value from 38.4 percent of the original purchase price to 32.4 percent.

The news isn't good for those who recently purchased a Chrysler vehicle and as the declines are based on percentage they can take a significant toll on pricey models Ė like SUVs or the Challenger SRT8 pictured above.

In comparison, a three-year old Toyota retains 45.5 percent of its original value.

More: Chrysler Resale Values Drop 6% In One Week After Bankruptcy Filing on AutoGuide.com
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post #2 of 15 (permalink) Old 05-14-2009, 12:15 PM
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wow that stinks......

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post #3 of 15 (permalink) Old 05-14-2009, 12:19 PM
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Not good but mine's not for sale anyway...On the other hand if you are looking to buy now is the time. Prolly get some killer deals on new ones I bet

My Jeep is for gone...
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post #4 of 15 (permalink) Old 05-14-2009, 02:15 PM
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ouch, glad i got rid of mine when i did. I just noticed the trade in value would have been $2k less after the bankruptcy filing
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post #5 of 15 (permalink) Old 05-14-2009, 03:23 PM
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We have a niche vehicle so in that regard the resale on Jeep SRT8's will not be that bad. It will really be driven by gas prices.
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post #6 of 15 (permalink) Old 05-14-2009, 03:24 PM
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Oh no! How are the dealers going to the sell the Challengers with their
added "Adjusted Market Value" now?
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post #7 of 15 (permalink) Old 05-14-2009, 08:56 PM
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Originally Posted by BlackJeepSRT View Post
Oh no! How are the dealers going to the sell the Challengers with their
added "Adjusted Market Value" now?
How would you like to be the guy that paid ~$80K for his black 2008 Challenger SRT8? ... number 666? right here in SoCal.

yep, $35K dealer markup.

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post #8 of 15 (permalink) Old 05-15-2009, 07:59 AM
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I'm in disagreement over the percentages they are using.
2 cases in support:

1) I just sold my wife's 2005 Jeep Liberty Limited.
It was bought in late '04 and had 63,000 miles.
It's in good shape as we take care of our vehicles but far from a "cream puff".
We got NADA book of $12,900.00 for it, which is a little better than 48% of the purchase price we paid for it. This is a 4 year old car, so it's actually 1 year older than their data point.

2) My 2007 Dodge Ram 3500.
While checking out car prices the other day, I checked on what my truck has been going for on the open market.
From data I got from both what the used car guys were saying they werer going for and what the trucks were advertised by private owners for, my truck is selling for around $35,000 or about 64% of what the sticker of $54,000 was.

I highly doubt you will see $10,000 2009 RT Challengers or $15,000 2009 SRT8 Jeeps 3 years from now. Make sone wonder what the motivation is behind the people who publish irresponsible "so called info"......
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post #9 of 15 (permalink) Old 05-15-2009, 08:43 AM
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Luckily I plan on keeping mine for awhile!

2008 Jeep SRT-8 Red Rock 2.4 Whipple SOLD
2013 Ford Raptor Super Crew 6.2 SOLD

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post #10 of 15 (permalink) Old 05-15-2009, 10:39 AM
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yea you'll see a drop in price or demand but it will never go below the point of the solid value of the vehicle.
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