Chrysler Group disclosed that its sales in the United States rose 27 percent in October, with retail volume jumping 40 percent. This was the company's 19th consecutive monthly increase in U.S. sales. The vehicle manufacturer stated that the results were led by strong demand for the Jeep Compass and Dodge Journey crossovers, the Chrysler 200 and 300 sedans, the Ram pickup truck, and the Jeep Liberty SUV.
The company is the first major carmaker to report October sales. Ford Motor Co. and General Motors are anticipated to release results later in the morning.
Even with the weak consumer confidence levels and mixed economic signals, analysts state that October U.S. auto sales are forecasted to achieve the highest rate in at least eight months.
Sales for light vehicle are being supported by healthy discounts, pent-up demand from consumers trading in aging vehicles, new product offerings, improved inventory among Japanese automakers and wider credit availability.
TrueCar forecasts industry incentives averaged $2,669 per vehicle in October, an increase slightly from September and nearly 5 percent higher than the same month last year. Analyst Jesse Toprak at TrueCar stated that consumers are not "dragging their feet on new vehicle purchases" any longer as they feel the economy is "moving in the right direction."
Japan-based car manufacturers, which were hurt in late spring and all summer after the March earthquake in Japan, began October with a U.S. inventory of 575,000 units, based on the information from the Automotive News Data Center. This figure is 9 percent higher from 527,800 units at the beginning of September.
Chrysler welcomes the all-new Chrysler 300 sedan at the 2011 North American International Autoshow. The premium line delivers Chrysler’s legendary value, quality and technology.
The newest E-segment features an all-new grille with 7 precisely designed horizontal blades in shiny chrome finish. There is even the grille frame that matches the chrome badge to a tee. The new model is also equipped with Chrysler’s signature headlamps, dual function projectors and the C-shaped LED daytime running lights.
Olivier Francois (President and CEO of Chrysler Brand and Chrysler Group LLC) believes that the 2011 model symbolizes the imaginative and resourceful attitude of the American people (most especially in Detroit). He also reasoned out how the new sedan is meant to take over the streets and byways anywhere in the world. We think he’s right.
New Chrysler 300 sedan will come at a very affordable price, considering the flagship model will also feature an all-new chassis architecture, state-of-the –art connectivity system and world-class quality materials. Chrysler has been known to use stylish design and elegant proportions for more than 55 years. Luckily, the people behind the 2011 Chrysler 300 was able to meet these expectations.