Data-bundling is a useful technique that decreases the delivery delay of packet streams when they are transmitted over noisy channels and are subject to retransmission-based error control. In this paper, we investigate the packet delay statistics for a fully reliable selective repeat automatic repeat request (SR ARQ) where a data-bundling mechanism is employed. In more detail, we discuss a model for data-bundling to analyze the SR ARQ mechanism over wireless channels based on Markov chains. We evaluate various channel error distributions and analyze the buffer occupancy to check if the data-bundling mechanism provides efficient results. We further analyze the queueing, delivery and overall delay statistics at link layer. We found that using data-bundling can improve the delay performance of the SR ARQ mechanism, especially when bursty channels with heavily correlated errors are considered. Thus, this technique can bring useful improvements for real-time services, multimedia, and other delay-sensitive applications over wireless networks.