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AP131R
(120)
(DETROIT)--CRYSLER CORPORATION SAYS iT WILL RAISE PRICES
ON ITS 171 MODELS ANOTHER $15--OR ONE-HALF OF ONE PER CENT--
EFFECTIVE TMORRO'.
THE MOVE FOLLOWS A SIMILAR INCREASE, AVERAGING ABOUT $24 A
CAR, BY GENERAL MOTORS CORPORATION THE G-M MOVE WAS TAKEN
TO COVER ADDITIONAL LABOR COSTS STEMMING FROM ITS NEW CONTRACT
WITH THE UNITED AUTO WORKERS UNION.
LAST SEPTEMBER, CHRYSLER RAISED PRICES AIN AVERAGE OF $104
--OR THREE' AND SEVEN-TENTHS PER CENT--ON ITS 1971 CARS. IT
WAS 'THE SMALLEST INCREASE ANNOUNCED BY THE BIq THREE AUTOMAKERS.
BUT THE INCREASE WAS HELD DOWN BECAUSE CHRYSLER, UNLIKE FORD
AND G-N, CUT THE DEALER MARK-UP ON CARS ACCOUNTING FOR MORE
THAN ONE-QUARTER OF ITS SALES VOLUME.
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