Chrysler Group Reports February 2005 Certified Pre-Owned Vehicle (CPOV) Sales Increase 9 Percent

- February Sales Set New Monthly Record - Year-to-Date Sales Improve Dramatically; Establish New Record

AUBURN HILLS, Mich., March 7 -- Chrysler Group reported that sales of its Certified Pre-Owned Vehicles (CPOV) rose 9 percent to 9,188 units in February 2005. The sales total for February establishes a new February record for CPOV unit sales and continues the record setting pace that Chrysler Group CPOV sales have established. Year-to-date sales of CPOV vehicles were a record 17,290 units, an increase of 15 percent over 2004 sales of 15,062 units last year.

"The record sales pace for February and 2005 reaffirms the quality, depth and scope of our certified used vehicle program," said Ray Fisher, Chrysler Group Vice President - Sales and Service and Parts Operations. "Our Five Star dealers who offer CPOV products are successfully communicating the value of our certified used vehicles to customers."

Certified Pre-Owned Vehicle sales for Chrysler brand products were 2,843 units in February, an increase of 25 percent over the 2,273 units sold last year. The Jeep brand posted an increase of 13 percent to 2,019 units versus 1,719 units sold in February 2004. The Dodge brand posted flat year-over-year results with 4,326 units sold, but 15 percent higher than January 2005 results of 3,764 units.

"Sales for Chrysler Group CPOV units are accelerating," said Peter Grady, Chrysler Group Director - Vehicle Remarketing. "By offering one of the most comprehensive and customer-friendly certified used vehicle programs in the industry, our sales have responded with sustained positive momentum."

Marketed as "Brand Spankin' Used," Chrysler Group Certified Pre-Owned Vehicles are only sold by Chrysler, Dodge and Jeep(R) dealers who have earned the Five Star Certification. Five Star Certification is a comprehensive validation of the dealership's facilities, operational processes, salesperson and technician training accreditation as well as customer satisfaction survey ratings. Approximately 2,400 Chrysler Group dealerships in the U.S. are certified as Five Star.