Cars and Drivers
Ram, Jeep Lead October Chrysler Sales to 13-Year High
Published:
Last Updated:
The Ram pickup trucks posted a gain of 33% year-over-year with 39,834 units sold. That is the pickup’s best October sales since 2003. Adding in the cargo vans, Ram brand sales were up 36% year-over-year.
Ram pickups have a 54-month streak of year-over-year sales growth. Last month FCA said it will increase production at its Warren, Mich., plant by 100 vehicles per day, or 28,585 per year, to keep up with demand for the pickups.
Jeep sales were higher for the Wrangler models — up 16% to 13,665 units — and the Cherokee — up 2,614% to 15,715 units. The all-new Cherokee was first introduced in October 2013 and sold just 579 units that month. Year to date, sales of the new Cherokee total 143,848 and Wrangler’s year-to-date total is up 12% to 147,733 units.
ALSO READ: Why Chattanooga Has Cheapest Gas in United States
The company continues to tout sales of the all-new Chrysler 200, but only month-over-month sales are up — 40% — but year-over-year sales to date are down 22%. Overall the Chrysler brand is up 17% year-over-year and had its best October since 2007.
Like all U.S. carmakers, Chrysler sells more light trucks than it does cars and its light truck sales rose 28% year-over-year in October. Car sales rose 4% and are down 15% year-to-date in 2014. Truck sales are up 28% year-to-date and total sales are up 22% through the first nine months of 2014.
Chrysler projected a seasonally adjusted annual rate of sales from all manufacturers at 16.9 million units for 2014, more than last month’s projection of 16.6 million. The company ended the month with 84 days supply of inventory, up sharply from 71 days of supply at the end of September.
Kelley Blue Book had forecast FCA sales at 167,000 units in October, up from 140,000 a year ago. The estimate from Edmunds.com came in at nearly 171,000, for a rise of 22% year-over-year.
ALSO READ: Most and Least Tax-Friendly States for Business
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
