Chrysler sales surge 27%; Ford, GM post smaller increases

Developing tableAutomaker Oct. 2011 Oct. 2010 Pct. chng. 10 month
2011 10 month
2010 Pct. chng.
BMW Group 27,318 23,265 17% 246,890 215,700 15%
BMW division 21,873 19,272 14% 199,552 176,736 13%
Mini 5,415 3,950 37% 47,050 38,538 22%
Rolls-Royce 30 43 –30% 288 426 –32%
BMW Group* 27,318 23,265 17% 246,890 215,700 15%
Chrysler Group 114,512 90,137 27% 1,123,923 910,357 24%
Chrysler Division 21,244 16,547 28% 178,795 174,650 2%
Dodge 33,734 27,020 25% 379,175 330,039 15%
Dodge/Ram 55,570 45,110 23% 589,776 499,681 18%
Fiat 1,965 – –% 15,826 – –%
Jeep 35,733 28,480 26% 339,526 236,026 44%
Ram 21,836 18,090 21% 210,601 169,642 24%
Chrysler Group*** 114,512 90,137 27% 1,123,923 910,357 24%
Daimler AG 24,453 19,448 26% 210,760 189,637 11%
Maybach 4 5 –20% 44 53 –17%
Mercedes-Benz 24,122 19,076 27% 206,632 184,438 12%
Smart USA 327 367 –11% 4,084 5,146 –21%
Daimler AG** 24,453 19,448 26% 210,760 189,637 11%
Ford Motor Co. 167,502 157,650 6% 1,767,213 1,626,912 9%
Ford division 161,408 143,339 13% 1,696,030 1,445,611 17%
Ford/Lincoln/Mercury 167,502 157,650 6% 1,767,213 1,594,387 11%
Lincoln 6,094 6,834 –11% 70,935 70,120 1%
Mercury – 7,477 100% 248 78,656 –100%
Volvo – – –% – 32,525 –100%
Ford Motor Co.**** 167,502 157,650 6% 1,767,213 1,626,912 9%
General Motors 186,895 183,543 2% 2,089,044 1,818,882 15%
Buick 11,687 12,569 –7% 151,779 126,569 20%
Cadillac 11,795 13,393 –12% 124,985 118,406 6%
Chevrolet 131,804 124,214 6% 1,485,737 1,298,393 14%
GMC 31,609 33,000 –4% 326,543 263,502 24%
Hummer – 242 –100% – 3,749 –100%
Pontiac – 83 –100% – 1,045 –100%
Saab – – –% – 608 –100%
Saturn – 42 –100% – 6,610 –100%
General Motors***** 186,895 183,543 2% 2,089,044 1,818,882 15%
Honda (American) – – –% – – –%
Acura – – –% – – –%
Honda Division – – –% – – –%
Honda (American)† – – –% – – –%
Hyundai Group 90,092 73,855 22% 950,411 751,926 26%
Hyundai division 52,402 42,656 23% 545,316 452,703 21%
Kia 37,690 31,199 21% 405,095 299,223 35%
Hyundai Group†† 90,092 73,855 22% 950,411 751,926 26%
Jaguar Land Rover – – –% – – –%
Jaguar – – –% – – –%
Land Rover – – –% – – –%
Jaguar Land Rover – – –% – – –%
Maserati – – –% – – –%
Maserati – – –% – – –%
Mazda 18,326 18,013 2% 209,641 192,783 9%
Mazda 18,326 18,013 2% 209,641 192,783 9%
Mitsubishi 4,378 5,111 –14% 70,253 46,503 51%
Mitsubishi 4,378 5,111 –14% 70,253 46,503 51%
Nissan 82,346 69,773 18% 856,425 743,474 15%
Infiniti 6,862 7,930 –14% 79,043 82,727 –5%
Nissan Division 75,484 61,843 22% 777,382 660,747 18%
Nissan††† 82,346 69,773 18% 856,425 743,474 15%
Porsche 2,270 2,647 –14% 24,934 20,337 23%
Porsche 2,270 2,647 –14% 24,934 20,337 23%
Saab Cars North America 337 741 –55% 4,984 3,367 48%
Saab Cars North America‡ 337 741 –55% 4,984 3,367 48%
Subaru – – –% – – –%
Subaru – – –% – – –%
Suzuki – – –% – – –%
Suzuki – – –% – – –%
Toyota – – –% – – –%
Lexus – – –% – – –%
Scion – – –% – – –%
Toyota division – – –% – – –%
Toyota/Scion – – –% – – –%
Toyota‡‡ – – –% – – –%
Volkswagen 38,415 28,332 36% 360,115 295,566 22%
Audi 10,225 8,128 26% 95,206 81,718 17%
Bentley 162 120 35% 1,422 1,074 32%
VW division 28,028 20,084 40% 263,487 212,774 24%
Volkswagen‡‡‡ 38,415 28,332 36% 360,115 295,566 22%
Volvo Cars NA 4,899 3,996 23% 57,054 12,589 353%
Volvo Cars NA‡‡‡‡ 4,899 3,996 23% 57,054 12,589 353%
Other (estimate) 248 242 3% 2,466 2,411 2%
TOTAL 761,991 676,753 13% 7,974,113 6,830,444 17%

Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere.
Source: Automotive News Data Center
Note: Other includes estimates for Aston Martin, Ferrari, Lamborghini and Lotus
*Includes Mini and Rolls-Royce
**Includes Maybach, Mercedes-Benz and Smart
***Fiat S.p.A. became the majority shareholder of the Chrylser Group on July 21, 2011
****Includes Volvo through July 2010
*****Includes Saab through February 2010
†Includes Acura
††Includes Kia
†††Includes Infiniti
‡The sale of Saab was final on February 23, 2010
‡‡Includes Lexus and Scion
‡‡‡Includes Audi and Bentley
‡‡‡‡The sale of Volvo to Zhejiang Geely Holding Group was final on Aug. 2, 2010

Toyota Motor sales off 8 percent last month
OCTOBER U.S. AUTO SALES
Chrysler sales surge 27%; Ford, GM post smaller increases
Toyota Motor sales off 8 percent last month
David Phillips
Automotive News | November 1, 2011 – 9:36 am EST
UPDATED: 11/1/11 2:23 p.m. ET

DETROIT — Chrysler posted a 27 percent gain in October U.S. sales today, leading Detroit automakers amid expectations that the month would be among the year’s strongest.

Chrysler’s gain marked the fifth consecutive increase of 20 percent or more and its 19th straight monthly advance. General Motors was up 2 percent, well below its gains of recent months. Ford Motor Co. advanced 6 percent.

The results trailed some analysts’ forecasts, dimming prospects of a seasonally adjusted sales rate of as high as 13.3 million.

Toyota Motor Corp. said sales fell 8 percent in October, but it was the smallest decline amid the automaker’s 6-month slide following the March earthquake in Japan.

“We got a little bit ahead of ourselves,” said Paul Ballew, chief economist for Nationwide Mutual Insurance Co. “Somewhere around a 13 million rate should have been what we expected. This is consistent with a recovery that’s moving forward but at a hesitant, choppy rate, and it’s what we should be expecting given that Honda and Toyota are still really restrained.”

Among others to release so far: The Volkswagen brand, led by the new, U.S.-built Pasat, recorded a 40 percent increase. And Nissan North America’s sales rose 18 percent.

Ford’s increase came on the strength of a 13 percent gain at the Ford division; Lincoln sales were off 11 percent.

GM’s 2 percent increase was help by a 6 percent gain at Chevrolet and continued strong demand for large pickups and fuel-efficient models. GMC, Buick and Cadillac were down.

GM said car sales increased 4 percent, crossover sales fell 1 percent and demand for trucks, vans and SUVs advanced 2 percent.

It was the fifth straight monthly sales gain for GM.

Incentives

TrueCar.com estimates GM’s incentives averaged $3,182 per model last month, up 2.7 percent from October 2010 but down 3.3 percent from September.

While Chevrolet Silverado shipments climbed 7 percent to 36,656, GM said its full-size truck inventory rose on a selling-day basis to 104 days supply, from 88 days at the end of September.

GM’s current large pickup lineup is among the oldest in the segment and the automaker has been offering rebates as high as $5,000 on the Silverado and GMC Sierra in recent months.

Despite mixed economic signals and weak consumer confidence levels, analysts had said October U.S. auto sales would reach the highest rate in at least eight months.

Light vehicle sales are being aided by pent-up demand from consumers trading in aging vehicles, healthy discounts, wider credit availability, new product offerings and improved inventory among Japanese automakers.

The Ford brand was helped by a 38 percent gain in SUV sales, led by the Explorer and Escape. Ford brand utility vehicles are up 31 percent this year to 471,787.

Ford’s overall car sales slipped 8 percent last year. In October, the Ford Fiesta, Focus and Fusion each generated higher retail sales than a year ago, offsetting lower fleet shipments, the automaker said.

Chrysler said it was helped by strong demand for the Chrysler 200 and 300 sedans, the Jeep Compass and Dodge Journey crossovers, the Jeep Liberty SUV, and the Ram pickup truck.

Among the industry’s top seven manufacturers, Chrysler offered the highest average incentive last month — $3,303 — according to TrueCar.

Volkswagen AG said sales at the VW brand jumped 40 percent last month to 28,028 units. VW said the results marked its best October since 2001. Sales of the new Passat sedan hit 5,040 units – the best month for the model since December 2005.

TrueCar estimates industry incentives averaged $2,669 per vehicle in October, up slightly from September and almost 5 percent higher than October 2010.

“Consumers are no longer dragging their feet on new vehicle purchases as they feel the economy is moving in the right direction, ” said Jesse Toprak, an analyst with TrueCar.

Japanese inventories

Japanese automakers — hurt in late spring and all summer following the March earthquake in Japan — started October with U.S. inventory of 575,000 units, according to the Automotive News Data Center. That is up 9 percent from 527,800 units at the start of September.

But the quake still appears to be hampering supplies, with Nissan’s Infiniti brand reporting a 14 percent drop in sales last month.

Severe flooding has interrupted auto parts and vehicle assembly in Thailand and is expected to have a negative impact on U.S. supplies of Asian-brand models in coming months.

The seasonally adjusted annualized rate for October is forecast to hit 13.2 million light vehicles, including fleet, up about 9 percent from a year ago, based on a Reuters survey of economists and analysts.

GM said today the October sales pace may hit 13.4 million. The sales rate hit a 2011 low of 11.54 million units in June.

“The relatively strong selling rate seen again in October suggests that the fourth quarter may close stronger than previously expected,” Jeff Schuster, executive director of global forecasting at J.D. Power and Associates, said in a statement. “Recent bright spots in the economy may also help calm nerves and support stable vehicle sales, but risks remain and consumer confidence is still low, tempering the outlook for 2012.”

Light-vehicle sales are up 10 percent to 9.5 million units through September.

Reuters and Bloomberg contributed to this report

Chrysler posted its 19th consecutive monthly increase in U.S. sales in October.

Photo credit: BLOOMBERG

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