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4.11.12
Wheelsology
The Chrysler, Dodge, Ram Truck and Fiat brands each posted year-over-year sales
gains in October compared with the same month a year ago. The Fiat brand's 89 per cent increase was the largest sales gain of any Chrysler Group brand for the month. October marked Chrysler Group's 31st-consecutive month of year-over-year sales gains.
"In spite of Hurricane Sandy, Chrysler Group posted its best October sales since 2007 and we achieved our 31st-consecutive month of year-over-year sales growth," said Reid Bigland, President and CEO, Dodge Brand and Head of US Sales. "Last month we also further demonstrated our disciplined approach to sales growth by posting a Q3 2012 operating profit of $706-million, an increase of 46 per cent over Q3 2011."
A diverse set of Chrysler Group models set records last month. The Fiat 500, with its considerable 89 percent sales increase, set a sales record for the month of October. The Dodge Avenger mid-size sedan, the Jeep Wrangler and Jeep Patriot sport-utility vehicles, and the Dodge Journey full-size crossover all set sales records for the month of October.
Chrysler Group's mini vans each posted double-digit percentage sales increases in October. The Dodge Grand Caravan's 49 per cent sales gain represented the largest percentage increase of any Dodge brand model while sales of the Chrysler Town & Country minivan were up 31 per cent in October. The Ram 1,500 pickup truck, Dodge Charger muscle car, and Chrysler 300 flagship sedan all had sizeable sales gains during the month.
Chrysler Group finished the month with an 83-days supply of inventory (404,122 units). US industry sales figures for October are projected at an estimated 14.7-million units Seasonally Adjusted Annual Rate (SAAR).
Posted in: Chrysler,Chrysler Group LLC,International,October,Reid Bigland,SAAR,Sale Report,Seasonally Adjusted Annual Rate,US Sales
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