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Chrysler Coronavirus Financial Relief and New Car Incentives

With the novel Coronavirus spreading at a rapid rate, shuttering business and life as we know it at equally rapid speeds, the economic fallout is causing nationwide anxiety. Millions of Americans are struggling to make ends meet and remain safe as shelter-in-place orders continue throughout the nation. Chrysler and its subsidiaries are no exception, as the company is also reeling from the negative impact brought on by the Coronavirus.

Chrysler Coronavirus Financial Relief and New Car Incentives

In conjunction with the rest of the global automotive market, Chrysler finds itself in the midst of a challenging situation brought on by the devastation caused by COVID-19. Chrysler has developed a number of initiatives to assist current and future customers through this arduous time. The automaker continues to contribute to the list of automakers rolling out Coronavirus Car Payment Plans.

Chrysler Coronavirus Relief Programs - Find the best deals!

Chrysler has been aggressively developing a plethora of support initiatives for its customers that are financially struggling financially as a result of the COVID-19 crisis.

Fiat Chrysler America (FCA) began its “Drive Forward” initiative on April 1st, offers 0% financing for 84 months and deferred payments for 90 days on select 2019 and 2020 Chrysler models. FCA also is debuting its Online Retail Experience that allows consumers to buy vehicles online from participating dealers.

Chrysler is here to help its customers. If your vehicle is financed through Chrysler Capital and you find yourself in need of support as a result of the Coronavirus pandemic, customers are encouraged to call 1-855-563-5635 and speak with a representative to discuss relief options. Chrysler is also sympathetic to the struggles their customers who didn’t finance with Chrysler Capital are enduring. For those individuals who may have purchased their vehicles through a different financial institution. It’s recommended that any customer who financed their vehicle with an institution other than Chrysler Capital directly contact their lender institute to discuss any payment deferment programs they may have to offer.

 
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Chrysler New Car Incentives

Chrysler understands the serious nature of the Coronavirus crisis and the emphasis on the health and safety of our nation’s residents. Social distancing is paramount to stifling the spread of COVID-19 and remains a top priority for individuals and businesses alike. In addition to the relief efforts outline in the company’s Drive Forward initiative, Chrysler is offering a number of incentives for new customers.

Chrysler is offering deferred payments for up to 90 days on the 2019 and 2020 Chrysler 300 models, in addition to the gas-only 2020 Pacifica. Consumers also have the option to purchase their vehicle online, as the program allows customers to conduct vehicle trade-ins, applications for credit, and receive price and payment estimates directly through the automaker’s website at https://www.chrysler.com/.

Chrysler Factory Closures - Find the best deals!

During the initial onset of the spread of the Coronavirus, Chrysler immediately put into action a litany of safety precautions at their manufacturing plants. This included detailed deep cleaning, creating virtual workspaces for eligible employees, and actively participating in social distancing. On March 19th, 2020, following continued in-depth discussions with the UAW, Chrysler elevated their initial efforts to include shutting down production at all plants in North America, including the United States, Canada, and Mexico. These actions were a result of growing concerns regarding the safety of their employees.

Closures were initially set to carry on through the end of March and be re-evaluated every week until the conclusion of the month. As of April 1st, closures remain in place and are likely to continue as a result of the shelter-in-place order that was extended nationwide through May 1st. Though the company faces similar adversities to the majority of people and organizations throughout the nation, Chrysler remains steadfast in its forward-thinking approach, continuing to innovate by creating options for both its consumers and employees.

Chrysler Economic Outlook and Sales Forecast - Find the best deals!

Financial experts from various backgrounds have differing opinions on the economic outlook of our nation following the Coronavirus pandemic. How companies will rebound and recover from this fallout is a big question mark. Leaders in the many industries, including the automobile industry, are transparent in admitting that COVID-19 presents a much greater challenge to their vitality than any other situation our country has ever encountered.

J.D. Power is currently expecting that the automobile industry will experience a decline of 16% to 41% in car sales compared to sales figures in March of 2019. Somewhere between 14% and 39% of that expected decline is likely to be attributed to the effects of the novel Coronavirus.

In addition to decreases in year over year monthly sales figures, J.D. Power also stated that its initial 2020 outlook of 16.8 million U.S. light-vehicle sales are all but impossible figures to attain as a result of the crushing blow to sales brought on by COVID-19. J.D. Power expects that sales will likely fall in the range of 14 to 16 million units as a result of the fallout from the Coronavirus.