Posts Tagged ‘ram sales’

Chrysler Net Income Surges 22%

Strong truck sales drive results – but mask other problems.

by on Oct.30, 2013

Strong demand for the Ram pickup -- the 2014 diesel model shown here -- buoyed Chrysler's Q3 earnings.

The resurgent boom in pickup sales was good news for the Chrysler Group which saw net income surge by 22% during the third quarter, in sharp contrast to the declines posted by both of the maker’s cross-town rivals.

Chrysler earned $464 million during the July to September period, up from $381 million the year before, marking the once-bankrupt automaker’s nine consecutive quarterly profit. Revenues, meanwhile, jumped 13.5%, to $17.6 billion, on the sale of 603,000 vehicles. That was an increase of 8% from a year ago.

Tracking the Numbers!

But barely one in seven of Chrysler’s products – 82,000 in all — were sold outside North America, in sharp contrast to the results at General Motors and Ford Motor Co., who now depend on overseas markets for the majority of their demand and an increasing share of their revenues. And there are other challenges revealed by Chrysler’s latest earnings report.

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Chrysler Expecting Solid June Sales Gains

Maker anticipates 39th month of year-over-year growth.

by on Jul.01, 2013

Even while waiting for the launch of the new Jeep Cherokee, Chrysler has seen sales continue to grow, month over month.

Despite Wall Street’s unexpected setbacks and other concerns about the economy, when all the sales numbers are tabulated and reported tomorrow, Chrysler expects June will have brought another month of sales growth.

Reid Bigland, head of U.S. sales for Chrysler, said that despite having one key plant sidelined for model change and deliberate cuts in fleet sales, Chrysler expects June will bring the maker’s 39th consecutive month of year-over-year sales growth in the U.S. and 43rd consecutive month of sales gains in Canada.

Sales News!

“We’ve seen it pretty consistent,” said Bigland, who also oversees the Ram brand, during an interview at the Chrysler proving grounds in Chelsea, Michigan.  “I would say good, not weak, not great, just kind of good, in the month of June,” added Bigland.

That’s despite the problems the maker has had with its Jeep brand.

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