Chrysler June U.S. sales down 42 percent

DETROIT (Reuters) - Chrysler Group LLC in a sales release reported June U.S. sales down 42 percent, but added it increased U.S. retail market share to 9 percent, up more than 1 percent from June 2008.

Highlights:

* Says offering zero percent financing for 60 months in July

* Says offering up to $4,000 consumer cash on 2009 models,

other incentives in July

* Says its us retail sales fell 16 percent in June from a

year earlier

* Says finished the month with 195,272 units in inventory,

representing a 71 day supply

* Says inventory down 56 percent versus June 2008 when it totaled 440,075 units

* Says projects overall US auto industry sales at a 9.7

million unit annualized rate for June

(Reporting by David Bailey)