Sales up for Chrysler

Chrysler sales take off in June with Dodge leading the charge clocking a 67% increase with the Charger, Avenger and Challenger leading the way. The industry average was well below Chrysler’s jump in sales as things might be changing for this company. Looking back a year ago and then to today with a market that has still not rebounded strongly you have to give the folks at Chrysler/Fiat credit for fighting back. There are new products on the way and if the auto market in the U.S. can find it’s way in the months ahead Sergio Marchionne will have a lot of new friends in the Midwest!

From the Detroit Free Press:

Chrysler said today that U.S. sales jumped 35% compared with the same month a year ago, a gain led by its Jeep and Dodge brands.

Jeep sales rose 25%, on an 86% jump Jeep Wrangler sales. Dodge, newly minted as a car brand, saw its sales increase 67% on a spike in sales of the Charger, Avenger and Challenger.

Overall, sales of Chrysler’s passenger cars, an area where industry observers say Chrysler must improve, nearly doubled.

Chrysler’s minivans also performed well. Sales of the Chrysler Town & Country rose 34% and sales of the Dodge Caravan jumped nearly 50%.

Read the full article here.

Photo from fOTOGLIF


Nissan sees higher profit on U.S., China sales

Looks like the combo of a recovering North American market and the booming Chinese market makes for bigger profits for Nissan. Forecasts are for profits to more than triple for the fiscal year and the near term looks good from our seats. Nissan has some new products hitting the market this year and early next year so it will be interesting to see how those products are received in the market place.


TOKYO (Bloomberg) — Nissan Motor Co. forecast profit will more than triple this fiscal year as auto demand recovers in North America and sales grow in China.

Nissan, Japan’s third-largest automaker, may boost net income to 150 billion yen ($1.6 billion) for the year ending March 31, from 42.4 billion yen a year earlier, the company said in a statement today. Sales may rise to 8.2 trillion yen from 7.5 trillion yen.

CEO expects Nissan’s sales in China to increase 14 percent this fiscal year, while North American deliveries may increase 13 percent to 1.2 million as the world’s second-largest auto market recovers from a recession.

Read the full article here.

Photo from fOTOGLIF


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