Cars and Drivers

Ford, Chrysler Sales See January Jump

Chrysler Jeep
Courtesy Chrysler Group LLC
Automakers will be reporting January U.S. sales today, and based on the two already out, it appears that it was a very good month. Ford Motor Co. (NYSE: F) reported sales up 22% year-over-year for the month and Chrysler Group, which is controlled by Italy’s Fiat SpA, posted 16% sales growth in January.

Ford reported total U.S. vehicle sales of 166,501, including 46,481 F-Series pickups, 22,399 Fusion models and 19,939 Escape models. One dim spot is sales of the company’s Lincoln brand, down 18.2% year-over-year, despite a big marketing and branding push.

Chrysler sold a total of 117,731 vehicles in the U.S. in January, the company’s best sales for the month since 2008. Dodge-branded vehicles led the way, up 37%. Sales of the Ram-branded pickup trucks rose 14% to the highest January level in six years.

Ford’s shares are up 0.5% at $13.02, in a 52-week range of $8.82 to $14.30.

General Motors Co. (NYSE: GM), Toyota Motor Corp. (NYSE: TM) and Honda Motor Co. Ltd. (NYSE: HMC) will report sales later today.

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