DETROIT -- With its third price increase of the 2005 model year, the Chrysler group has matched General Motors in number, but it is still far behind GM in the amount it has tacked onto its sticker prices.
The Chrysler group's latest increase averaged $124, or 0.5 percent, when sales-weighted across the group's vehicle lineup. It brought the Chrysler group's 2005 price boosts to $295, or 1.1 percent.
By comparison, GM's three price bumps in 2005 have totaled $419, or 1.5 percent. Ford Motor Co. has yet to disclose its third increase. Its two actions have totaled $185, or 0.6 percent.
More price increases are due from the Big 3 before the end of the 2005 model year. But at the current rate of travel, they will never catch up to the rebates the three companies are paying to make their sales.
Most GM vehicles command rebates of $1,000 to $4,000. Ford and Chrysler group rebates on 2005 models are mostly $1,000 to $2,250.
The Chrysler group's latest price increases averaged $117 for Chrysler-brand vehicles, $109 for Jeep and $132 for Dodge. The Dodge breakout was $28 on cars and $104 on trucks.
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