Chrysler’s US sales rise 10% in October to five-year high for month
Sales figures mark 31st consecutive month of year-over-year gains, according to automaker
AUBURN HILLS, Mich.—Chrysler says its U.S. sales hit a five-year high for the month of October after posting a 10 per cent year-over-year increase.
According to the automaker, it moved 126,185 units in the month, compared with 114, 512 in October 2011.
The sales marked Chrysler’s best October since 2007 and represented the company’s 31st consecutive month of year-over-years sales gains.
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, according to Chrysler, with Fiat’s 89 per cent increase leading the pack.
Along with the Fiat 500, Chrysler says its Dodge Avenger sedan, Jeep Wrangler and Jeep Patriot sport-utility vehicles, and Dodge Journey crossover all set sales records for the month of October.
Overall, Chrysler finished the month with an 83-day supply of inventory (404,122 units).
Chrysler’s impressive sales numbers for the month followed on the heals of the release of its third quarter operating profits, which soared to $706-million, and increase of 46 per cent over the same quarter a year earlier.