Chrysler decided to kill production of the PT Cruiser from January to mid this year due to the dropping sales figures and lack of future plans to update the car. The Cruiser became one among seven models axed by the management of Cerberus Capital Management.

The other units killed by the management were the Pacifica SUV, Aspen SUV, Crossfire, Durango SUV, and the Dodge Magnum.

The PT Cruiser graced the public starting in 2000 and was instantly loved for its retro looks. Aside from the styling, consumers opted for this Chrysler for its very affordable price. The PT Cruiser became an icon of the industry with dealers being able to inflate the price because of the high demand.

Fast forward to today, the PT Cruiser’s styling is basically untouched. Some minor tweaking was done back in 2006.

The sales of the PT Cruiser reached its climax in 2001 when the company was able to dispose of 144,717 cars. In 2008, there were 50910 sales. As of Q2 of 2009, the PT Cruiser has just made about 8591 moves out of dealerships.

An old vehicle in the line up of Chrysler may be seen as an illogical move by market experts but some sees it as a nothing to lose step since the PT Cruiser sells without lifting a finger for marketing plus the machines used to make the vehicle have all been paid off.

Executives from Chrysler confirmed the decision during an interview earlier this January.

The great style of the PT Cruiser has earned its respects from enthusiasts. It was even compared to the 1930’s gangster cars when it was launched last 2000. It was an instant hit and the car manufacturer has produced around 14 versions for the brand.

The PT Cruiser had variations like the Woodie, Turbo, and Woodward Dream Cruise variations.

The unchanged style of the car for almost a decade led to decline of sales. In 2008, PT Cruiser had a dismal performance in the market having a sales drop of 51%. The percentile translates to only 50910 units of PT Cruiser sold last year. The assembly line for this classic is in Toluca, Mexico.

With the dwindling performance, rumors have spread within the auto industry that Chrysler is axing the PT Cruiser. The recent declaration of the company confirms all the buzzes.

Chryler PT Cruiser was known for its sporty ride and smooth handling. Compared to other cars from other brands, its performance was far more satisfying to car experts.

The car manufacturer announced that it is willing to sell the assets for the production of the Cruiser PT. So far, the company has no offers.

The line of Viper is also in the market amid cost cutting schemes of the company to cut costs and survive in the harsh market environment.