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Industry News
Chrysler records best May since 2007

Led by the FIAT brand, all of the Chrysler brands posted sales increases in May compared with the same month a year ago, representing the best May in five years.

Author:
Posted on: 6/4/2012
Source: CompositesWorld

Chrysler Group LLC (Auburn Hills, Mich., USA) on June 1 reported U.S. sales of 150,041 units, a 30 percent increase compared with sales in May 2011 (115,363 units), and the group’s best sales in the month of May since 2007.

The Chrysler, Jeep, Dodge, Ram Truck, and FIAT brands each posted sales increases in May compared with the same month a year ago. The FIAT brand set a sales record for the fourth-consecutive month and the brand’s 128 percent year-over-year sales gain was the largest percentage increase of any Chrysler Group brand in May.

Chrysler Group recorded its 26th-consecutive month of year-over-year sales gains and its 12th-straight month of sales increases of at least 20 percent.

Several additional Chrysler Group models posted record sales in May. The Jeep Wrangler SUV and Dodge Challenger muscle car each set all-time monthly sales records, while the Chrysler 200 and Dodge Avenger mid-size sedans set sales records for the month of May.

“In spite of a tremendous amount of global economic uncertainty, the U.S. new vehicle sales industry continues to power ahead,” says Reid Bigland, president and CEO – Dodge Brand and head of U.S. Sales. “Our May sales increased 30 percent and represented our 26th-consecutive month of year-over-year sales growth. We are also in the process of adding production capacity as quickly as possible to meet strong demand for our products.”

While the Fiat 500 continues to rack up sales records, the Ram pickup truck logged its 25th-consecutive month of year-over-year sales gains. Both the Chrysler Town & Country and Dodge Grand Caravan minivans posted double-digit sales gains in May, while the Chrysler 300 flagship sedan recorded triple-digit year-over-year sales growth. The Jeep brand weighed in with impressive double-digit sales gains by the Jeep Grand Cherokee and Jeep Wrangler SUVs.

Chrysler Group finished the month with a 61-days supply of inventory (351,804 units). U.S. industry sales figures for May are projected at an estimated 14.2 million units Seasonally Adjusted Annual Rate (SAAR).

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