Wednesday, November 2, 2011

Chrysler sets the pace as industry sales climb 8 percent

"U.S. light vehicle sales--led by Chrysler--rose 8 percent in October to an estimated 1.02 million units, matching forecasts and enough to keep the industry's rebound on track despite ongoing economic uncertainties."

"It was the eighth consecutive month in which U.S. car and light truck sales surpassed 1 million units.
Chrysler produced a 27 percent gain in October U.S. sales and led all major automakers amid expectations that the month would be among the year's strongest."

"Chrysler's advance marked the fifth consecutive increase of 20 percent or more and its 19th straight monthly advance. General Motors was up 2 percent, well below its gains of recent months. Ford Motor Co. advanced 6 percent."

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