Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Chrysler January U.S. Sales Rises 16% On Strong Dodge Journey, Avenger Sales

RELATED NEWS
Trade FCAU now with 

Automaker Chrysler Group LLC reported Friday a 16 percent increase in total U.S. sales for the month of January, marking the 34th-consecutive month of year-over-year sales gains, reflecting sales growth at four of its five brands. The month also recorded the best January sales since 2008.

"It's been a good week for the Chrysler Group. On Wednesday we announced full year 2012 profits of $1.7 billion and followed that today with our January sales, up 16 percent, marking our 34th-consecutive month of year-over-year sales growth," said Reid Bigland, Head of U.S. Sales.

Separately, the other two of Detroit's big three, General Motors Co. (GM: Quote) has reported a 16 percent rise in U.S. sales, and Ford Motor Co. (F: Quote) has reported a 22 percent increase in U.S. sales for the month of January.

Chrysler, which was once part of German automotive company Daimler AG, emerged from Chapter 11 reorganization in June 2009 and was bought by Italian automaker Fiat S.p.A. (FIATY) in a U.S. government-brokered deal.

The Auburn Hills, Michigan-based company reported total U.S. sales of 117,731 units, up 16 percent from 101,149 units in sold in January 2012.

The sales growth was attributable to a 94 percent sales gain for Dodge Journey full-size crossover, an 89 percent increase for Dodge Avenger sedan, and a 31 percent sales gain for Fiat 500.

Total car sales for the month of January increased 50 percent to 43,377 units, and total truck sales rose 3 percent to 74,354 units from the same period last year.

The company noted that Chrysler, Dodge, Ram Truck and FIAT brands each posted year-over-year sales gains in January compared with the same month last year.

The Dodge brand of vehicles led the sales increase with a 37 percent growth, followed by Fiat brand with a 31 percent growth, Chrysler brand with an 18 percent increase, and Ram Truck brand with a 14 percent rise, while Jeep brand sales was down 4 percent.

Looking ahead, Biglan added, "Entering 2013 our product portfolio has never been stronger with our new Ram truck picking up both the 2013 Motor Trend and the North American 'Truck of the Year' awards, and the introduction of our new 30 mpg highway Jeep® Grand Cherokee equipped with our new EcoDiesel engine."

In Friday's regular trading session, FIATY is currently trading at $6.15, up $0.04 or 0.65% on a volume of 6,200 shares.

Register
To receive FREE breaking news email alerts for Fiat Chrysler Automobiles NV and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After turning in a lackluster performance for much of the session, stocks managed to end Wednesday's trading mostly higher. The gains lifted the Dow and the S&P 500 to new record closing highs, while the Nasdaq reached its best levels since 2000. Half of Americans agree with the changes to immigration policy announced by President Barack Obama last week, according to a CNN/ORC poll, although a majority opposes using executive orders to implement those policies. While Mitt Romney has said he has no plans to run for president again, the results of a Quinnipiac University national poll released Wednesday show the former Massachusetts Governor leading a group of potential Republican presidential candidates.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.