The Wednesday report of Detroit auto maker Chrysler Group LLC stated that the company hit its third month of having double-digit gains and in September the company experienced a soaring high 19% jump in auto sales compared to the same month of last year. The report indicated that the gains were taken from its sales on the Ram pickup and Jeep Cherokee compact crossover. According to experts, this report clearly says that the strength of the industry continued to grow with the waning of summer.
A survey run by Reuters on 9 different industry forecasters shows that most of them expected at least 10% increase in auto sales or about 1.25 million vehicles sold in September.
In the U.S. markets, it was Chrysler that submitted its reports sales while the other car makers reported their results a few days after.
General Motors, which is another Detroit car maker, reported that its cars and trucks sales for September soared high at 18.8%. Meanwhile, Ford said that its sales fell by 2.7% compared to the same month a year ago because of the trimming fleet sales as well as the planned drop in sales for 2014 F-150 pickup hence the upcoming introduction of its 2015 aluminum F-150.
The sales of Chrysler’s Jeep went up to 47% compared to that of last year while the Cherokee brand sales went 14% lower. On the other hand, Ram pickup sales experienced an increase of 30%, while the Chrysler brand went up to 14%. The company’s key model vehicle called Chrysler 200 Midsize Sedan also had increased sales by 15% or equivalent to 10,995 of the cars sold. Lastly, the Fiat brand went up by 6% while Dodge sales fell by 9%.
Chrysler is a Fiat SpA unit and it’s forecasted that it will debut on the New York Stock Exchange mid-October in the name of Fiat Chrysler Automobiles.