Chrysler Offers 84-Month Financing on Best-Selling Car

24/7 Wall St.

chrysler200The Chrysler 200 is the brand’s best-selling model. However, Chrysler is offering an extraordinary 84-month financing on some versions of the car. This juxtaposition does not make sense, unless the company needs to move unsold inventory.

In May, sales of the 200 rose 537% to 20,007, according to data released by parent Fiat Chrysler Automobiles N.V. (NYSE: FCAU). For the first five months of this year, sales rose 133% to 88,009. The press release in which management announced last month’s results said:

Chrysler brand sales were up 32 percent, the brand’s best May sales since 2008 and its 11th consecutive month of year-over-year sales gains. Sales of the Chrysler 200 increased 537 percent in May, the mid-size sedan’s best monthly sales ever and the largest year-over-year percentage gain of any FCA US vehicle in the month. It was the ninth-consecutive month that the 200 logged record sales, topping its previous all-time monthly…

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