Chrysler Group Reports Increased Sales, Best in Five Years


Published:

AUBURN HILLS — Chrysler Group LLC Wednesday reported U.S. sales of 126,089 units, a 13 percent increase compared with sales in July 2011 (112,026 units), and the group's best July sales since 2007.

The Chrysler, Jeep, Dodge, Ram Truck, and FIAT brands each posted sales increases in July compared with the same month a year ago. Chrysler Group recorded its 28th-consecutive month of year-over-year sales gains in July. The Chrysler brand led the way with its 35 percent sales gain, the largest percentage increase of any Chrysler Group brand in July.

"July was another solid month for Chrysler Group," said Reid Bigland, president and CEO of Dodge Brand and Head of U.S. Sales. "We announced a second quarter modified operating profit of $755 million, representing our highest quarterly profits in more than a decade."

Chrysler Group's 13 percent sales increase was driven in part by two models that set sales records for the month of July: the Chrysler 200 mid-size sedan and the Dodge Journey full-size crossover. Sales of the award-winning Journey were up 69 percent, the largest percentage increase of any Chrysler Group model in July.

Also contributing to Chrysler Group's July increase were the Ram pickup truck, the group's volume leader, with its 17 percent sales increase, and the Chrysler 300 flagship sedan with a solid 41 percent gain. Sales of the Jeep Grand Cherokee, the most awarded SUV ever, were up 22 percent. The Jeep Liberty mid-size SUV recorded a 34 percent sales increase, the largest year-over-year percentage sales gain of any Jeep model in July.

Chrysler Group finished the month with a 65-days supply of inventory (341,699 units). U.S. industry sales figures for July are projected at an estimated 14 million units Seasonally Adjusted Annual Rate (SAAR).

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags Edit ModuleShow Tags

Most Popular

  1. Milford’s LaFontaine Family Amphitheater to Open in May
    Construction on a multipurpose amphitheater in Milford’s Central Park is nearly complete, with...
  2. Guest Blog: Grooming Michigan’s Next Generation of Female Board Directors
    As a result of increased dialogue and media attention, board diversity is top of mind more now...
  3. Bedrock, Curis Enterprises Buy L.B. King Building in Downtown Detroit
    Curis Enterprises, a Detroit-based real estate development and management firm, has teamed up...
  4. 2 New Restaurants Planned for Birmingham’s Palladium 12
    Peas & Carrots Hospitality will open two new restaurants this summer in Palladium 12, a movie and...
  5. Five Qs: Artist Tony Roko on His Unconventional Path to Recognition
    Plymouth-based artist Tony Roko spoke with DBusiness Daily News about his permanent art...
  6. Honigman Names Dozen New Partners in Michigan Offices