Friday, November 1, 2013

Detroit Three Automakers Report Strong October 2013, Chrysler has best October since Great Recession


General Motors Renaissance Center

General Motors Co. (NYSE: GM) dealers delivered 226,402 vehicles in the United States in October, up 16 percent versus a year ago. Retail sales were also up 16 percent and fleet sales were up 14 percent.
“Chevrolet, Cadillac and Buick-GMC all performed well in the month, and the sales tempo really picked up after the government shutdown ended,” said Kurt McNeil, vice president, U.S. sales operations. “We are particularly pleased with our truck momentum. Chevrolet and GMC have the newest and best light duty trucks, sales are accelerating and we are gearing up for the second, third and fourth phases of our strategic truck plan.”


Ford Motor Company's (NYSE: F) October U.S. total sales of 191,985 vehicles rose 14 percent over a year ago. Retail sales are up 15 percent, at 142,487 vehicles. It is the company's best October retail sales performance since 2004.
Gains were broad-based, with passenger cars up 19 percent, utilities up 9 percent, and trucks up 14 percent. Ford Fusion and Fiesta posted best-ever October sales, and F-Series again topped 60,000 sales.
"October was simply an outstanding retail performance, as consumers continued to choose Ford for great fuel efficiency, styling and value at all levels of the market," said John Felice, vice president, U.S. marketing, sales and service. "The combination of great new products, such as Fusion and Escape, along with the strength of our dealers helped us achieve our best October retail sales month since 2004.”



Chrysler Group LLC today reported U.S. sales of 140,083 units, an 11 percent increase compared with sales in October 2012 (126,185 units), and the group's best October sales since 2007.
The Chrysler, Jeep®, Dodge and Ram Truck brands each posted year-over-year sales gains in October compared with the same month a year ago. The Ram Truck brand's 22 percent increase was the largest sales gain of any Chrysler Group brand during the month. Chrysler Group extended its streak of year-over-year sales gains to 43-consecutive months in October. 
"After a choppy start to the beginning of the month, Chrysler Group sales accelerated in the second half of the month with renewed consumer confidence and the launch of our all-new Jeep Cherokee," said Reid Bigland, Head of U.S. Sales. "Following a meticulous focus on quality, our new Jeep Cherokee began shipping to dealers and quickly selling which helped us to achieve our 43rd-consecutive month of year-over-year sales increases."


Restore The Roar: Manufacturing Renaissance, an ebook series beginning with The Great Collapse is now available through Amazon and wherever ebooks are sold. It also forms the foundation for Rod Kackley's novel-in-progress, Blue Collar, the stories of Baby Boomers who vow to break out of the twilight of their own mediocrity.




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