November Car Sales Kick into Gear!

Car sales picked up the pace in November but will it last? The annual rate of 13.8 million sales we might have turned the corner to better days ahead. Chrysler was up a staggering 45 percent and that isn’t a misprint.

From the Detroit News:

November shaped up to be a strong month for U.S. auto sales with all major automakers except Honda Motor Co. reporting better results than a year ago.

Honda’s sales of 83,925 were down 6 percent from a year ago, largely on inventory woes due to flooding in Thailand.

Chrysler Group LLC reported a whopping 45 percent sales increase in November in the first results of what is expected to be one of strongest months of the year for U.S. vehicle sales.

Conversely, General Motors Co. only saw sales grow 7 percent compared with a year ago.

Ford Motor Co. sits in the middle with total sales of 166,865, up 13 percent from 2010 results.

Toyota Motor Corp. said its sales were up 6.7 percent in November on volume of 137,960 units.

Chrysler, the biggest gainer for the month, sold 107,172 vehicles in November, the automaker’s sixth consecutive month of best year-over-year sales this year.

“With sales up 45 percent, November was another huge month for the Chrysler Group and our highest year-over-year sales gain of 2011,” said Reid Bigland, head of U.S. sales.

Strong sellers for the Auburn Hills automaker included the Chrysler 300 and 200 sedans, which contributed to the Chrysler brand’s 92 percent hike over last year and best November since 2008. Also boosting sales were the Dodge Charger, Avenger and Durango. The Fiat 500 notched 1,618 sales for the month.

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October Sales Results: Chrysler and VW Post Big Gains

Although the economy continues to lurch toward recovery at a snail’s pace, some automakers are defying expectations, and posting big gains on the sale charts. For the month of October, the big winners were Chrysler and Volkswagen. Chrysler sold 21,244 cars last month, a 28% increase when compared to October of 2010. High demand for the recently revised 200 and 300 sedans and high incentives helped bring traffic to the showrooms.

Volkswagen was another winner. They sold 28,028 cars last month, a 40% increase from October of last year. Volkswagen points to strong sales of their recently redesigned Passat sedan as the reason for drawing more sales. The good news is not expected to stop as November starts either.

Many automakers and analysts expected strong October sales, and are claiming high sales to continue through November. Although the economy is still a blight on auto sales, analysts expect outside variables to drive sales forward. First, they claim there is a lot of pent up demand for new vehicles since the age of the average car in this country is 11 years old. Secondly, inventory levels are returning to pre-quake levels for the Japanese manufacturers. Finally, a combination of high used car prices and incentives on new car purchases may sway consumers to purchase new cars instead of used ones. The fourth quarter of this year for automakers is shaping up to be much better than expected.

Source: Automotive News

  

Imported from Detroit: Selected of God Choir – Lose Yourself [video]

Today Chrysler and Eminem have done it again! They have partnered to release a special gospel version of “Lose Yourself” performed by the ‘Selected of God’ choir from the Chrysler Super Bowl commercial. The download is available on iTunes, where 100-percent of publishing proceeds will benefit local Detroit charities as part of the ‘Imported from Detroit Project’ launched by Chrysler and Eight Mile Style. Check out the video below and for more information on the charities benefiting from this initiative, visit IFDProject.com. (Also, check out the Twitter buzz at #importedfromdetroit and #IFDProject.)

  

Chrysler leads the pack in Detroit for June growth

From the Detroit News:

The three Detroit-based automakers all reported double-digit U.S. sales increases in June, led by Chrysler Group LLC’s 30 percent increase from a year ago with 120,394 vehicles sold and the best June for the automaker since 2007.

That is followed by a 13.6 percent increase reported by Ford Motor Co. with 194,114 vehicles sold.

The third domestic automaker, General Motors Co., reported a 10.2 percent increase on sales of 215, 358 vehicles compared with June 2010.

Among the top Japanese automakers, who continue to struggle with earthquake-related shortages, Honda Motor Co. Ltd. reported a 27.1 percent decline for the month with total sales of 83,892. The Honda brand suffered a 27.4 percent drop in sales for the month while the luxury Acura brand was off pace by 24.5 percent.

Toyota Motor Corp. saw a 21.1 percent falloff for the month with 110,937 vehicles sold. The Toyota brand dropped 18.7 percent; Lexus division sales fell 37.8 percent compared with a year ago, when Japanese production was at full throttle.

“June marked a significant turning point for Toyota as sales moved up over last month (May),” said Don Esmond, head of U.S. operations. Supply and selection are improving daily, he said.

Read the full article.

  

At Chrysler – Sergio can say ” I did it my way”

Behind the scenes look at how Chrysler broke away from government control.

From AutoNews.com:

NEW YORK – On the morning of May 24, an upbeat Sergio Marchionne was combing his music library to compile a playlist for an employee event that afternoon at Chrysler Group LLC’s headquarters.

As the chief executive settled on Bruce Springsteen’s version of “Eyes on the Prize,” he received a phone call with long-awaited news: Chrysler finally repaid $7.6 billion of bailout loans from the U.S. and Canadian governments.

That day marked a new chapter in the comeback of the smallest of Detroit’s three automakers, the one the Obama administration wasn’t sure was worth saving back in 2009.

It was the Italian businessman’s deep involvement in Chrysler, and Fiat SpA’s willingness to put in $1.27 billion, that helped the company pull off one of the largest debt deals since the financial crisis — winning the backing of some of the same banks that were wiped out in its bankruptcy.

Investors who looked at the deal were initially skeptical about the large size of the financing as Chrysler still had to address concerns over its vehicle lineup and financial outlook, people involved in the process said. There were also questions over whether the company had really transformed itself.

Read the full article.

  

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