Glass's comments on RV impact of Chrysler's withdrawal from UK
As reported by Autocar and Auto Express, Fiat Chrysler Automobiles has said it is to pull its struggling Chrysler brand from the UK from 2017 in response to poor sales and a struggle to keep up with CO2 emissions regulations.
FCA told Fleet World it has made the decision to go ahead with the change based on the current UK business and has given its dealerships 24 months’ notice, which means they will officially close March 2017. It added that Chrysler aftersales would continue.
The company also said that the move would enable it to put the focus on other Fiat Group products in the future.
Commenting on the news, Rupert Pontin, head of valuations at Glass's, said: "It is sad to see Chrysler withdraw from the UK as every market needs variety and choice, and they have offered some excellent and desirable product over the years. The brand has always been associated with larger niche models such as Crossfire, Voyager, Grand Voyager and 300C and trying to use ‘Lancia’ models under the Chrysler brand in the form of Ypsilon and Delta was always going to be difficult and experience has shown it to be just a step to far.
"Used values will be affected without a doubt but less so than one might expect due to the unique nature of the legacy portfolio and the volumes in the market.”