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.