Jeep Sales Rise 28% to Drive Chrysler's Sales 9% Higher

Cars and Drivers

Published: July 1, 2014 10:15 am

Last Updated: April 28, 2020 12:14 am

Chrysler’s year-over-year sales rose 9% in June to 171,086 units, the company’s best June sales level since 2007. Jeep, Dodge, Ram Truck and Fiat brands all posted year-over-year gains in the month, with the Jeep brand posting a sales gain of 28% and its best June sales ever, with more than 57,000 units sold.

The month of June had two fewer sales days this year than did June 2013, and June 2014 had just four Saturdays compared with five in May, so month-over-month comparisons look weaker than they are. Saturdays are particularly good selling days for car dealers. Chrysler’s May sales totaled 194,421 units, about 23,000 more than June unit sales.

Jeep sales were roughly flat except for the Cherokee, which sold 13,337 units in June. The Cherokee is brand new this year and accounts for all the year-over-year unit sales gains in the Jeep division. The Grand Cherokee actually sold about 1,500 fewer units in June, many of which probably went to the newly designed Cherokee. American buyers prefer new designs every couple of years and they reward carmakers that can meet that demand.

ALSO READ: Ten Must-Have Technologies for New Cars

That doesn’t always work, though, as Chrysler’s lack of success with its 200 model shows. The company released a new 2015 version of the mid-size sedan, which reached dealers beginning in May. The company sold just over 3,000 in May, rising to 7,345 in June. Unfortunately for Chrysler, that total is 41% below the 200’s sales in June of 2013. Chrysler believes that volumes will improve as more of the cars become available in the coming months.

The Ram truck brand posted a gain of 14%, down from gains of 17% in both April and May, with the Ram pickups selling 33,149 units in June. Adding in the cargo vans, Ram brand sales were up nearly 5,000 units year-over-year.

Like all U.S. carmakers, Chrysler sells more light trucks than it does cars, and its light truck sales rose 22% year-over-year in June. Car sales slipped 19% and are down 22% year-to-date in 2014. Truck sales are up 30% year-to-date and total sales are up 12% through the first six months of 2014.

Chrysler projected a seasonally adjusted annual rate of sales from all manufacturers at 17 million units for 2014, up from last month’s projection of 16.9 million. The company ended the month with 72 days supply of inventory, up from 69 days of supply at the end of May.

ALSO READ: Ten Cars Americans Don’t Want to Buy

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps