Chrysler U.S. sales rose year-over-year again in February, but only by 4%, breaking an extraordinarily long streak of double-digit sales increases. Total sales were Chrysler’s best since 2008, at 133,521 vehicles. Dodge posted a 30% gain. Chrysler's results were in line with analyst estimates of about 4.4%. Jeep sales did not increase, largely due to the end of Jeep Liberty production in mid-2012, and shortages due to the launch of a new Grand Cherokee and Compass. Factoring out the Liberty, Jeep sales would have been down just 1% and total Chrysler Group sales would have improved a much more healthy 9%. Sergio Marchionne said that March 2013 volumes may be lower than March 2012 due to launches of these vehicles and Ram Heavy Duty. Eight vehicles set records in February, including the Dodge Dart, which rose 8% over January; the Dodge Challenger, with a 34% gain; and the Avenger,..
View the original, full post