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Chrysler announces huge February for car sales
Friday, March 02, 2012
Chrysler Group recently reported U.S. sales in February increased 40 percent, making it the best February in four years.
In addition, Chrysler found February marked the 23rd straight month of sales gains on a year-over-year basis, and the ninth straight month of sales gains of at least 20 percent, with Jeep, Chrysler, Dodge and Ram Truck brands posting sales increases for the month.
"Our product portfolio now contains some of the most fuel-efficient vehicles in our company's history driving our sales up 40 percent in February," said Reid Bigland, president and CEO - Dodge brand and head of U.S. sales. "A few years ago higher fuel prices were a major threat to our total vehicle sales whereas today those higher prices have become far less of an issue."
Other findings include the Dodge Challenger muscle car and Dodge Journal full size crossover both set new February sales records, and the new Chrysler 300 and 200 sedans posted triple digit year-over-year gains.
The auto industry has started 2012 strong, providing the U.S. economy with a much needed boost. Jobless claims are also on the down trend, as the U.S. Department of Labor reported the number of applications for unemployment insurance decreased by 2,000 for the week ending February 25.
As consumers begin to feel more confident about their finances and the financial state of the country, more may be willing to invest some of their resources in the stock market. Before making any major moves, investors should compare broker rates to ensure they find the most affordable and reputable agent to help them conduct their trades.
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