After months of strong results from the Invest in America program, Chrysler has announced that it is shifting its focus to the new government incentive program Cash for Clunkers.
Invest in America is not gone for good, though. The Michigan Credit Union League said it expects a new Chrysler Invest in America program in September and that Chrysler has simply chosen to focus on one program now instead of two.
The latest Invest in America numbers showed that from December 2008 through June 2009 the program facilitated 175,261 cars sold for GM and Chrysler and 140,209 loans through credit unions totaling $2.8 billion. In the month of June, there were 35,938 Chrysler and GM cars sold through the program, and 26% of Chrysler's car sales for June came through Invest in America.
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