by Bill Cawthon • Posted on March 26th, 2013
Contrary to warnings issued by Chrysler Group CEO Sergio Marchionne earlier this month, TrueCar.com analyst Kirsten Andersson predicts Chrysler will report 170,091 new vehicle sales for March 2013. That would be an increase of 4.1% over March 2012 and a 22.4% increase over February 2013 deliveries and mark three years of consecutive month-over-month gains.
In spite of a forecast 10.1% increase in Honda sales, Andersson’s crystal ball says Chrysler will remain fourth by a healthy margin.
Andersson forecasts a slightly larger 4.3% for Ford and a 13.0% jump for General Motors. She sees overall industry sales rising 4.5% compared to the same month last year and 23.1% compared to last month.
TrueCar estimates General Motors spent the most on incentives with an average of $3,453, up 5.7% from last March. Chrysler was second, with an estimated average of $3,264, down 0.2% from last year but up 0.8% from February 2013.
Due to the fact March 2013 ends on Sunday, Monday is the cutoff for the month’s sales. Manufacturers will report sales next Tuesday, April 2.
In today’s print edition of Automotive News, Larry Vellequette wrote about one more facet of the ongoing battle for bragging rights among pickup manufacturers.
This time, Ram is engaged in a tussle with Ford over top towing rights. Ford claims the championship over the Ram 3500, saying its 4X4 crew cab heavy-duty pickup can tow 31,200 pounds, 1,200 more than the Ram 3500 regular cab 4X2, which Chrysler maintains has “best-in-class” towing....
San Francisco-based Glass, Lewis & Co. has recommended that its clients approve the Fiat Chrysler merger this Friday.
Glass Lewis is one of the two leading proxy service companies in the world, the other being ISS which last week advised its clients to vote down the merger.
According to a Reuters report, the company said the benefits of the merger outweigh concerns about voting rights....
NHRA Pro Stock points leader Erica Enders-Stevens didn’t race at Sonoma and she won’t be competing at the Northwest Nationals in Seattle.
Elite Motorsports owner Richard Freeman two-event “holiday” at the Mile-High Nationals in Denver.
Despite her very impressive racing resume, Enders-Stevens lacks a real sponsor and it’s likely this was a major consideration, especially since she had built up a 241-point lead over Allen Johnson, who is second in the point standings, at the end of the Summit Racing Equipment NHRA Nationals in Norwalk, Ohio....
Jeg Coughlin Jr. became the second Mopar driver to clinch a spot in the six-race Countdown to the Championship that will determine the Mello Yello NHRA Pro Stock world championship.
Coughlin joined teammate Allen Johnson in the Countdown after making it to the Pro Stock semifinals in the NHRA Sonoma Nationals that ran this weekend at Sonoma Raceway....