Chrysler Residual Values Increase Dramatically

This is good news for car buyers because higher residual values means lower monthly lease payments and higher trade-in values.

The 36 month residual value for Chrysler is now at 32.5%, an increase of 3.7%. Dodge is at 34.8%, an increase of 3.5% while Jeep's value increased a whopping 5% to 37.4%.

The reason residuals have increased so quickly is due to Chrysler's quick exit from bankruptcy and the fact that all excess cars from the 789 terminated dealerships were sold off or transferred to other dealers.

We expect GM residuals will also increase dramatically in the next month or two now that they've also exited bankruptcy quickly.