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Jeep Coronavirus Financial Relief and New Car Incentives

Jeep, one of the most iconic and recognized vehicle brands in the United States, has not been spared of the devastation being unleashed by the Coronavirus. Headquartered in Toledo, Ohio Jeep has a unique and patriotic beginning. But like many other organizations and businesses throughout the world, the automaker is now in a fight to survive this COVID-19 pandemic.

Jeep Coronavirus Financial Relief and New Car Incentives

In spite of the rigorous efforts of our nation to stem the tide of the Coronavirus, infection rates continue to rise, negatively impacting both businesses and workers alike. In response to concerns over the Coronavirus pandemic, Jeep has formulated Coronavirus Car Payment Plans to protect its employees and provide financial relief to its customers.

The following is an outline of Jeep’s Coronavirus financial relief efforts and new car incentives in response to the Coronavirus.

Jeep Customer Relief Programs - Find the best deals!

Jeep is empathetic to the effects that the Coronavirus has had on its current customers, and understands the extreme circumstance the pandemic has placed many of them in. With millions of American workers experiencing a reduction in working hours and millions of others out of a job entirely, Jeep is offering any purchaser or lessee that has financed a vehicle through their financial arm, Chrysler Capital, to call and discuss options around payment deferment plans.

Jeep also advises any customers who have financed a vehicle with a different lender to contact that company directly to find out what plans they may have to help with payment deferral. Being proactive and managing your account during this crisis, is the best course of action to find the most ideal course of action to find assistance and relief from the financial burden caused by COVID-19.

 
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Jeep New Car Incentives - Find the best deals!

Jeep continues to add on to its reputation for being innovative, providing customers a multitude of new car incentives while remaining sensitive to the nature of this difficult time. Jeep’s Drive Forward incentives represent a slew of offers designed to help consumers get into a brand new vehicle despite the current hardships seen in the economy. Jeep is offering 0% APR for 84 months with no payments due for 90 days on select models. Examples of qualified models include the Jeep Grand Cherokee, Renegade, Compass, and more. These incentives are available on select models. Some exclusions apply, and many of these incentives are currently scheduled to run through April 30th, 2020.

Visit Jeep.com to learn more about Drive Forward incentives. Jeep has also brought the retail dealership virtually to your living room. Jeep is offering customers the ability to pick the vehicle of their choice, the options they want, get financed online, and have your new Jeep delivered right to your doorstep.

Jeep Factory Closures - Find the best deals!

Like many other automobile manufacturers, Jeep ceased production at its plants in the US back in mid-March after discussions with their partners, employees, and the UAW about concerns regarding the Coronavirus. The decision was an effort to stop the spread of COVID-19 and keep employee safety top of mind. A division of FCA USA LLC, Jeep is part of a large group of plants and employees that are currently on idle as shelter-in-place orders continue throughout much of the United States.

As is the case with many automakers, Jeep will continue to monitor the situation around the Coronavirus and will be re-evaluating the status of their factories every 2 weeks, with plans to return to full production as soon as it is safe to do so.

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

2020 came roaring in, with the stock market hitting all-time highs and unemployment numbers at all-time lows. The first quarter was looking positive for businesses across the economic spectrum. But within a matter of days, as the Coronavirus wreaked havoc across the globe, the stock market lost 8 trillion dollars, millions of Americans were put out of work, and social distancing forced millions of people into self-isolation.

Jeep had started the year with a positive forecast on annual sales and was excited to unveil its new products at the annual Easter Jeep Safari in Moab, Utah. This annual event has become a tradition for Jeep to display their newest products, but the event was abruptly canceled due to COVID-19 and will not be held until 2021. Jeep has confirmed that it will still unveil its new products, but a specific time and place have not yet been announced.

J.D. Power has predicted that Jeep sales for the first quarter of 2020 will see a 14% drop in comparison to the same time last year. As of today, Jeep has declined to provide feedback on projections for the rest of the year due to the uncertainty that exists in the economy. J.D. Power has also revised its annual sales forecast, modifying its pre-virus estimate of 16.8 million units to down to 14-16 million units for 2020. Although the crisis brought on by the Coronavirus has struck fear and uncertainty into the hearts of millions, the auto industry has proven to be historically resilient. Expectations are that as we emerge from this pandemic, history will remain in the favor of automakers.