The year starts on a high note, at least when you are Chrysler. Chrysler reports a jaw-dropping 44-percent gain in domestic auto sales. Also up: Volkswagen, up 48 percent to 27,209 vehicles. Nissan sales in the U.S. are up 10.4 percent to 79,313.
Ford is up 7 percent to 136,710 units, driven by record sales of the Focus. Analysts had expected between 8 and 9 percent.
GM’s sales are down 6 percent to 167,962 units. Cruze and Sonic helped lift Chevrolet’s sales by 13 percent.
By the end of the day, analysts expect the report to print a 6 percent total market gain for January.
Stay tuned for more reporting as the numbers roll in.