Chrysler bucking the trend in sales

NEW YORK - APRIL 30: The Chrysler logo is seen on the outside of a dealership in Manhattan on April 30, 2009 in New York City.  U.S. carmaker Chrysler today announced it will file for Chapter 11 bankruptcy and has formed a deal  to combine the company with Fiat.  (Photo by Chris McGrath/Getty Images)

Despite sales drops for most major automakers, Chrysler bucks the trend by posting a year over year increase for August of 7%. Jeep posted big numbers with the Patriot jumping 57% and the Liberty climbing 56%. The most glaring number was the Dodge Challenger muscle car shooting up a whopping 190%. For most companies it would be a solid month but for the rebuilding Fiat/Chrysler it bodes exceptionally well for their prospects once the new models hit showrooms in 2011.

From the Detroit Free Press:

Chrysler defied the industry trend with a 7% increase in new vehicle sales in August from a year earlier when Cash for Clunkers inflated most of its competitors’ sales.

Once again, the Jeep brand led the way with a 17% year-over-year jump, helped by a 57% sales improvement for the Patriot and 56% increase for the Liberty.

But Chrysler’s year-over-year comparison benefited from the fact that it did not capitalize on last summer’s Cash for Clunker incentives because it had very little inventory of its smaller models.

“We will continue to build in this momentum as we begin production on a stream of new product through the end of this year,” said Fred Diaz, Chrysler lead executive for U.S. sales.

Read the full article here.

  

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