Chrysler U.S. sales rose 27 percent in September 2011

Article by Christian Andrei, on October 3, 2011

In a regulatory filing with the Securities and Exchange Commission, Chrysler Group disclosed that it sold 127,334 trucks and cars in the U.S. during the month of December. The company explained that September U.S. sales increased 27 percent, thanks to the increase in the deliveries of the Dodge Durango sport-utility vehicle and the Chrysler 300 sedan.

The average of the forecasts made by seven analysts as compiled by Bloomberg was for a 20 percent increase. The September sales of light-vehicle that are being released today probably increased to a seasonally adjusted annual rate of 12.8 million.

This is the average estimate of 14 analysts that Bloomberg had surveyed. This would be the quickest since April, the month when the tsunami in Japan caused lost output that crimped supply of parts and finished cars. The executive director of global forecasting, Jeff Schuster, at J.D. Power & Associates stated last week that recovering inventory levels have assisted in bringing buyers back into the market.

The return of Honda Motor Co. and Toyota Motor Corp. to full production in September may have brought back the U.S. vehicle sales to the same levels as it was before the March earthquake.

Based on the data from researcher Autodata Corp., the sales rate averaged 13.1 million rate averaged in the year’s first four months before dropping to as low as 11.6 million in June.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries