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Chrysler posts impressive May in terms of sales
Friday, June 01, 2012
A recent report from the Chrysler Group reveals that sales in the United States for May 2012 climbed 30 percent, making it the best May in five years in terms of sales.
The 150,041 units sold for the month was significantly higher than the 115,363 units sold last year and the highest amount since May 2007. Chrysler, Jeep, Dodge, FIAT and Ram Truck brands all posted sales increases on a year-over-year basis.
In addition, the new sales report from Chrysler found that May was the 26th straight month of year-over-year sales increases and the 12th straight month of sales gains reaching at least 20 percent. Also, FIAT brand sales were up an astonishing 128 percent compared to the same time a year ago and set a new sales record in the process.
"In spite of a tremendous amount of global economic uncertainty, the U.S. new vehicle sales industry continues to power ahead," said Reid Bigland, president and CEO of Dodge Brand and head of U.S. Sales. "We are also in the process of adding production capacity as quickly as possible to meet strong demand for our products."
Chrysler's sales figures also showed that Chrysler brand sales were up 81 percent, making for the best May sales numbers in four years. Jeep brand sales were up 24 percent, which was the best May sales numbers in 12 years.
Elsewhere in the auto industry, a report from TrueCar.com found that three manufacturers had record transaction prices in May and industry incentives grew slightly for the month compared to the same time last year.
"Sales are continuing to rebound and consumers are feeling more comfortable buying highly contented vehicles," said Jesse Toprak, vice president of industry trends and insights for TrueCar.com. "Toyota and Honda not only recovered from the last year's dip in sales but also had their highest transaction prices ever in May, showing that they were able to recapture consumer interest in their products."
Potential investors and current investors alike should know the importance that auto sales figures have on the stock market and the economy as a whole. Individuals interested in getting involved in the market may want to contact discount brokers.
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