Chrysler Resale Values Drop 6% In One Week After Bankruptcy Filing

Chrysler Resale Values Drop 6% In One Week After Bankruptcy Filing

Resale values on Chrysler products like this Dodge Challenger SRT8 went up in smoke after the company filed for bankruptcy.

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 – like SUVs or the Challenger SRT8 pictured above.

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

[Source: UPI.com]

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