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Chrysler’s September Sales Stay Strong

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With the election right around the corner, the economy is one of the most important talking points at the moment. One in particular has been heavily scrutinized by the President’s opponents, and that is the bailout he gave to the auto industry. Since then, however, it’s been very hard to argue with the results. The US auto industry has bounced back in a force unseen for a long time. Month after month has seen auto sales grow and September is turning out to be no different. The trend continues for Chrysler and their products.

According to the Detroit Free Press, Chrysler is enjoying very strong increases from the previous year. In fact, it’s the best September they’ve had as a company since 2007. It’s also the 30th straight month of exceeding last-years sales. The increase came out to around an 11.5 percent increase. The vehicles sold totaled around 142,000 with the new 2013 Dodge Dart having an increase of 18 percent.

Reid Bigland, President and CEO of Dodge, said about the sales figures in September, “Going forward with our current product lineup, record low interest rates, and a stable US economy, we remain optimistic about the health of the US new-vehicle sales industry and our position in it.”

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Chrysler Scores Big in August Sales Numbers

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The election is really heating up with the DNC coming to end tonight with President Obama giving a grand speech to excite his base to come out and vote for him come November. It’s right on the heels of Republicans making the case for electing Mitt Romney. Part of that case rests on the President’s handling of the auto bailout years ago. He’s received both praise and criticism for the act, but it’s hard to argue with the end result of the auto industry seeing the best sales they have had in years. In what maybe some great news for President Obama and bad news for Romney, August’s numbers point to the President deserving the praise for his actions on the auto bailout.

A post on Bloomberg is showing that the August auto sales saw light-vehicle deliveries at the fastest rate since the 2009 program “cash for clunkers” was enacted. The sales of the month put the industry on the path of having over 14 million sales for the year, the best year since 2007. That’s a 10 percent gain for the third year in a row, which is also the first streak of this nature since 1973.

Chrysler was at the head of the sales charge. Their sales had a 14 percent increase from the previous month. This is higher than the analyst were predicting. The higher sales are due in part to the Dodge Dart finally making it’s large splash on the nation. The sales of the hot new vehicle almost quadrupled from July’s numbers. That gives Chrysler a winning streak of upwards sales, the 29th month to do so.

Alec Gutierrez, an analyst at Kelley Blue Book, is quoted as saying, “We expect Chrysler to continue to gobble up incremental share in the compact-car segment. Chrysler is still trying to get enough selection of variety out to their dealers to satisfy demand. Their product portfolio has improved.”

Chrysler is charging full steam ahead. The monthly good news of sales still continues. Be ready to hear plenty more of the positive sales as the election heats up, the auto bailout has been at the heart of this debate and this is just more ammunition for the political machine to use.

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