Forecasters predicted that August sales numbers, published today, will be strong. Chrysler opened today’s barrage of sales numbers with much better than expected results.
Chrysler Group’s August sales are up 14 percent, boosted by strong Chrysler brand sales (up 25 percent) and healthy Ram Truck brand sales (up 18 percent). Kelley and Truecar expected less than 10 percent. So did, on average, the analysts polled by Bloomberg.
Said Reid Bigland, chief of Dodge and Head of U.S. Sales of Chrysler:
“Our Iron Man streak continued last month as we posted our 29th-consecutive month of year-over-year sales growth,” “Our hard work over the past few years is starting to pay some dividends in our sales growth, quality awards and profitability. Not to mention, an incredibly resilient U.S. new vehicle sales industry doesn’t hurt either.”
We will keep our eyes on today’s sales data. Please check back with us during the day.