[Check back later for updated numbers.]
It’s that time of the month again.
The world’s eight top auto manufacturers are releasing their October U.S. auto sales figures. Auto industry analysts forecast total monthly sales to come in at about 1.23 million passenger cars and light truck sales, up from approximately 1.09 million in October 2012. The seasonally adjusted annualized rate, the key monthly metric that gauges the health of the industry and consumer sentiment, is expected to be around 15.4 million units, up from 14.3 million in the same month last year.
First to report, as usual, is Chrysler Group LLC, the Detroit 3 subsidiary of Italy’s Fiat SpA (BIT:F). Here are the figures: The maker of the Jeep Wrangler 4X4 and Dodge Caravan minivan saw a 22 percent year-over-year increase in total volume sales, to 140,083 units. The Auburn Hills, Mich.-based company delivered 18 percent more of its best-selling Dodge Ram pickup, to 29,846, and 20 percent more of its newly designed Jeep Grand Cherokees, to 14,263.
Chrysler said Friday this was the best performance for the month since 2007, a year prior to the demise of the auto industry amid the economy-battering sub-prime mortage meltdown, showing that the company is well on its way to recovering from its 2009 bankruptcy that cost American taxpayers $1.9 billion.
“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, Chrysler’s head of U.S. sales.
Here Are The October 2013 'Big Eight' US Auto Sales Numbers: GM, Ford, Chrysler, Toyota, Honda, Nissan, Volkswagen, Kia/Hyundai
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