Saturday, March 3, 2007

Jeep Patriot Inventory Still Low

Chrysler US unit sales for February 2007 were down 8% vs. last year. The Jeep brand was down 5% mainly due to sharp drops in the Jeep Liberty (-41%), Jeep Grand Cherokee (-22%) and the Jeep Commander (-24%). Meanwhile, the Jeep Wrangler continued to post impressive gains (63%) and the Jeep Compass posted its second best month since its introduction in June 2006, selling 4,071 units.

The Jeep Patriot sold just 644 units, mainly due to lack of inventory. Michael Manley, Chrysler Group vice president of sales strategy, said the slower takeoff for the Patriot is more from a lack of supply than lack of demand. “We sold 644 and have just 800 in stock,” Manley said. “It’ll ramp up. Our launch curve is different for each of the vehicles. We just started shipping Patriots at the end of December. It takes 60 to 90 days to get to full speed.” [read more].

1 comment:

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