U.S. automobile industry’s big three players posted stronger sales growth in June. While Ford Motor’s (NYSE: F) sales climbed up 7% in June from a year earlier, General Motors (NYSE: GM) and Chrysler Group LLC posted a double digit growth.
According to Edmunds.com, overall new auto sales were expected to jump by 21% in June from a year earlier; nevertheless, total sales were 4.5% lower than the previous month’s sales.
GM said that its sales in June totaled 248,750, a growth of 16% over the corresponding period, year earlier. The company also said that higher sales were seen across all its brands.
Commenting over stronger sales, Kurt McNeil, Vice President of U.S. sales operations said to Journal, “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty.”
Ford reported that it sold 207,759 vehicles in June (only U.S. market) up from 194,114 a year ago but 3.9% below May’s total of 216,267. Company’s biggest brand, the Ford saw sales jumped by 7.2%, while Lincoln sales rose by2.5%.
In the same period, Chrysler sold 144,811 vehicles, up from 120,394 a year ago; nonetheless, sales were 3.5% lower from May’s total of 150,041.
While truck sales rose 12%, car sales leaped 42%.
Its namesake line’s sales skyrocketed 63%. Sales for the Dodge brand rose 2.1% and sales for the Jeep brand soared 23%.
Chrysler attributed strong sales growth to its upgrades and redesigns that were carried out practically in all cars, Jeeps, and minivans in 2011. Earlier the automaker had to undergo through numerous product recalls due to customer complaints and poor ratings its vehicles received through quality surveys.
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