Friday, November 2, 2007

Chrysler inventory at 84-day supply

Thu Nov 1, 2007 8:10 PM GMT144

DETROIT, Nov 1 (Reuters) - Chrysler LLC said on Thursday its inventory at the end of October stood at 469,426 units, or an 84-day supply, down from more than 508,000 vehicles a year earlier.

On a conference call with analysts and reporters, the automaker said its inventory included 104,961 cars and 364,465 trucks. Of the total inventory, 29 percent of the vehicles were 2007 models.

Chrysler, which has been criticized by industry experts and dealers for having too much inventory, is restructuring its operations under the new private ownership of Cerberus Capital Management and actively working to improve its relationship with its dealerships.

Cerberus purchased an 80 percent stake in Chrysler in August from former German parent, Daimler AG (DAIGn.DE: Quote, Profile , Research).

Chrysler's vice president of U.S. sales, Darryl Jackson, declined to disclose an inventory target for 2007 on the call, but said the main goal was to ensure profitability for the automaker's dealers. (Reporting by Jui Chakravorty)

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