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CHRYSLER GROUP SALES INCREASED 11 PERCENT

CHRYSLER GROUP LLC REPORTS APRIL 2013 U.S. SALES INCREASED 11 PERCENT; BEST APRIL SALES IN SIX YEARS

  • Best April sales since 2007
  • 37th-consecutive month of year-over-year sales gains
  • Seven Chrysler Group vehicles set sales records for month of April
  • Dodge Dart compact car records highest monthly sales since 2012 vehicle launch
  • Dodge Durango sales up 65 percent; best April sales since 2005
  • Jeep® Grand Cherokee sales up 27 percent; best April sales since 2005
  • Ram Truck brand sales up 49 percent; largest percentage sales gain of any Chrysler Group brand in April

May 1, 2013 , Auburn Hills, Mich. – Chrysler Group LLC today reported U.S. sales of 156,698 units, an 11 percent increase compared with sales in April 2012 (141,165 units), and the group’s best April sales since 2007.

The Jeep®, Dodge, Ram Truck and FIAT brands each posted year-over-year sales gains in April compared with the same month a year ago. The Ram Truck brand’s 49 percent increase was the largest sales gain of any Chrysler Group brand in April. Chrysler Group extended its streak of year-over-year sales gains to 37-consecutive months in April.

“Chrysler Group’s best April sales in six years helped to maintain our sales momentum and drove us to our 37th-consecutive month of year-over-year sales gains,” said Reid Bigland, Head of U.S. Sales. “Our sales last month were solid across the board with seven Chrysler Group vehicles recording their best April sales ever.”

The Dodge Durango’s 65 percent sales increase was the largest sales gain of any Dodge brand vehicle in April and second only to the Ram Cargo Van’s 110 percent sales gain among Chrysler Group vehicles. Jeep brand sales rebounded in April as all Jeep brand models except Jeep Liberty, which is no longer in production, posted sales gains last month. Sales of the flagship Jeep Grand Cherokee were up 27 percent in April compared with the same month a year ago, its best April sales in eight years.

Seven Chrysler Group vehicles set sales records in the month of April. The Jeep Compass compact SUV and the Jeep Wrangler each logged their best April sales ever, as did the Dodge Challenger, Dodge Journey, Fiat 500, and Ram Cargo Van. The all-new Dodge Dart compact car had its best sales month since the vehicle was launched in June last year.

Chrysler Group finished the month with a 66-days supply of inventory (415,019 units). U.S. industry sales figures for April are projected at an estimated 15.4 million units Seasonally Adjusted Annual Rate (SAAR).

April 2013 U.S. Sales Highlights by Brand

Ram Truck Brand

Ram Truck brand sales were up 49 percent, the largest percentage sales gain of any Chrysler Group brand in April. It was the brand’s best April sales since 2007.

Sales of the Ram pickup truck were up 49 percent in April, the pickup truck’s 36th-consecutive month of year-over-year sales gains. The 49 percent sales gain was the pickup truck’s best April sales in six years. Sales of the Light Duty Ram pickup were up 54 percent, driven by the Quad Cab pickups, while Heavy Duty Ram sales were up 30 percent. The Ram Cargo Van set a sales record for the month of April with its 110 percent sales gain.

The Ram 1500 Laramie Longhorn earned a spot on Ward’s 10 Best Interiors for 2013 list in April. WardsAuto editors selected the top passenger compartments after spending February and March evaluating 46 vehicles that are all-new or feature significantly-upgraded interiors. WardsAuto said the Ram 1500 is a spectacular, emotive interior that sets a high standard other automakers will be hard-pressed to emulate.

Dodge Brand

Dodge brand sales were up 18 percent, the brand’s best April sales since 2008 and its 23nd-consecutive month of year-over-year sales gains. Sales of the Dodge Durango full-size SUV were up 65 percent, its best April sales in eight years. Production of the new 2014 Dodge Durango, with its standard state-of-the-art, class-exclusive eight-speed automatic transmission, is scheduled to begin in the third quarter of this year. The Durango’s sales gain was the largest percentage increase of any Dodge brand model in the month.

The Dodge Journey full-size crossover and the Dodge Challenger each set a sales record for the month of April. Sales of the Challenger increased 17 percent, while Journey sales were up 14 percent.

The all-new Dodge Dart continued on its upward sales trend with its month-over-month increase in April, the compact car’s best monthly sales since Dodge dealers began selling the model in June last year.

Two Dodge brand models earned awards this week at the Texas Auto Writers Association’s (TAWA) 2013 Auto Roundup at the Texas Motor Speedway. The Dodge Challenger SRT8 392 took home the award for Performance Coupe of Texas, while the Dodge Journey Crew earned the Activity Vehicle of Texas award. After a day of demanding driving at the racetrack in Fort Worth, journalists voted on their favorites and Chrysler Group secured seven of the possible 19 awards – the most of any participating manufacturer at the event.

Jeep® Brand

Improving Jeep production in April helped Jeep brand sales to rebound with an 2 percent year-over-year sales gain for the month, the brand’s best April sales since 2007. All Jeep models in production recorded sales gains in April compared with the same month a year ago.

The Jeep Compass compact SUV and the Jeep Wrangler each set a sales record for the month of April. Sales of the Compass were up 23 percent, while sales of the Jeep Wrangler, winner of Four Wheeler magazine’s prestigious 2013 Four Wheeler of the Year Award, were up 10 percent in April.

The Jeep Grand Cherokee’s 27 percent increase was its best sales month so far this year and its best April sales in eight years. The Jeep Grand Cherokee SRT earned TAWA’s Performance Utility of Texas award at this week’s Auto Roundup in Texas.

FIAT Brand

The Fiat 500 set a sales record for the month of April with its 1 percent increase. It was the model’s 14th-consecutive month of year-over-year sales gains. The Fiat 500 Abarth, with its 22 percent sales gain, had the largest year-over-year percentage increase of any of the 500 models in April. The Fiat 500 Turbo took home the award for Sub-Compact Car of Texas during this week’s TAWA Auto Roundup at the Texas Motor Speedway.

This summer, the all-new 2013 Fiat 500e electric vehicle will join the 500 model lineup in the state of California. The 500e will be offered to California residents at launch with a $199 a month/$999 due at signing lease for 36 months, same as the current lease offer on a Fiat 500 Pop powered by a gas engine.

Chrysler Brand

The Chrysler Town & Country minivan logged a 4 percent sales increase in April, its best April sales in three years. The Town & Country this year won the Polk Automotive Loyalty Award in the “Minivan” category for a record 12th-consecutive time. Chrysler brand sales were down 13 percent compared with the same month a year ago.

Two Chrysler brand models earned awards this week at TAWA’s Auto Roundup. The Chrysler Town & Country Limited minivan took home the award for Minivan of Texas, while the Chrysler 300C John Varvatos Luxury Edition earned the Best New Interior award.

The Chrysler brand has two special edition models coming to dealerships shortly. Production of the 2013.5 Chrysler 200 S Special Edition began in April. It will begin arriving in dealerships this month. The 2013 Chrysler 300C John Varvatos Limited Edition is expected to arrive in dealerships later this quarter.

Chrysler Group LLC U.S. Sales Summary Thru April 2013
      Month Sales
Vol %
      Sales CYTD
Vol %
Model
Curr Yr
Pr Yr
Change
Curr Yr
Pr Yr
Change
500
3,899
3,849
1%
13,511
12,699
6%
FIAT BRAND
3,899
3,849
1%
13,511
12,699
6%
200
12,492
13,343
-6%
49,377
44,981
10%
300
4,120
7,763
-47%
20,154
27,729
-27%
Town & Country
11,224
10,773
4%
37,989
38,507
-1%
CHRYSLER BRAND
27,836
31,879
-13%
107,520
111,217
-3%
Compass
4,465
3,616
23%
16,468
12,723
29%
Patriot
5,792
5,261
10%
24,789
21,226
17%
Wrangler
13,445
12,184
10%
45,291
41,956
8%
Liberty
721
5,789
-88%
5,693
27,588
-79%
Grand Cherokee
15,003
11,834
27%
48,136
49,337
-2%
JEEP BRAND
39,426
38,684
2%
140,377
152,830
-8%
Caliber
0
1,408
-100%
45
6,646
-99%
Dart
8,099
0
NEW
31,064
0
NEW
Avenger
10,698
11,147
-4%
42,745
32,776
30%
Charger
7,801
7,991
-2%
33,899
30,496
11%
Challenger
4,804
4,102
17%
19,344
14,626
32%
Viper
60
0
64
20
Journey
6,782
5,933
14%
29,774
24,066
24%
Caravan
9,783
11,183
-13%
36,273
45,645
-21%
Nitro
0
227
0
2,892
Durango
5,386
3,257
65%
18,956
14,303
33%
DODGE  BRAND
53,413
45,248
18%
212,164
171,470
24%
Dakota
0
39
0
415
Ram P/U
31,409
21,126
49%
109,003
88,590
23%
Cargo Van
715
340
110%
2,475
1,995
24%
RAM BRAND
32,124
21,505
49%
111,478
91,000
23%
TOTAL CHRYSLER GROUP LLC
156,698
141,165
11%
585,050
539,216
9%
          TOTAL CAR
51,973
49,603
5%
210,203
169,973
24%
          TOTAL TRUCK
104,725
91,562
14%
374,847
369,243
2%

 

CHRYSLER GROUP REPORTED FIRST-QUARTER 2013 NET INCOME OF $166 MILLION

Modified Operating Profit Was $435 Million, From $740 Million a Year Ago, and Free Cash Flow Was $356 Million on Lower Shipments As Key Products Launch

Group Confirms Guidance for the Year

Chrysler Group net income in the first quarter of 2013 was $166 million, versus $473 million a year ago
As anticipated, results were affected by lower vehicle shipments as well as industrial costs related to several key product launches, and lower vehicle shipments to Europe and Latin America, even as retail sales in North America remain strong
Net revenue for the quarter was $15.4 billion, compared with $16.4 billion a year ago
Modified Operating Profit(a) was $435 million in the first quarter, down from $740 million a year earlier, with shipments improving each month of the quarter as the Company executed the launches of the 2014 Jeep Grand Cherokee and 2013 Ram Heavy Duty pickup trucks
Free Cash Flow(d) for the first quarter totaled $356 million; Cash(c) as of March 31, 2013, was $11.9 billion, compared with $11.3 billion a year ago and $11.6 billion at Dec. 31, 2012
Net Industrial Debt(e) was $619 million at March 31, 2013, improving from $1.3 billion a year ago and $1.0 billion at Dec. 31, 2012
Worldwide vehicle shipments were 574,000 for the quarter, down from 607,000 a year ago, principally due to 31,000 fewer Jeep Liberty shipments as production ceased during 2012 in preparation for the production launch of the all-new Jeep Cherokee in the second quarter
Strong worldwide vehicle sales for the first quarter of 563,000, up 8 percent from a year ago, were driven primarily by a 12 percent increase in U.S. retail sales
U.S. market share was 11.4 percent for the first quarter, compared with 11.2 percent a year ago; Chrysler Group was the quarterly market leader in Canada with a 16.0 percent share, up from 15.0 percent a year ago
Chrysler Group confirms its guidance for the year, including worldwide shipments of 2.6 million to 2.7 million, Modified Operating Profit of approximately $3.8 billion and net income of approximately $2.2 billion
April 29, 2013 , Auburn Hills, Mich. – Chrysler Group LLC today reported its preliminary 2013 first-quarter results, including net income of $166 million on revenue of $15.4 billion. As anticipated, the quarter was negatively affected by the reduced vehicle shipments that resulted from key product launches, namely the 2013 Ram Heavy Duty trucks and the 2014 Jeep Grand Cherokee, as well as preparation for the second-quarter production launch of the all-new 2014 Jeep Cherokee. These actions are expected to position the Company for a strong performance in the second half of 2013. The first-quarter results mark the Company’s seventh consecutive quarter of positive net income, reflecting continued improvements in product acceptance, pricing discipline, and market share.

“We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule,” said Chrysler Group LLC Chairman and CEO Sergio Marchionne. “This quarter underscores the importance of an unwavering commitment to execute flawless vehicle introductions to reach our full potential. While the task ahead this year is daunting, we remain committed to our overall targets, including a minimum shipment increase of 8 percent and a Modified Operating Profit of $3.8 billion.”

Revenue for the quarter was down 6 percent from $16.4 billion in the first quarter of 2012. The anticipated reduction was primarily attributable to lower shipments in the quarter due to the end of Jeep Liberty production in 2012 in preparation for the all-new 2014 Jeep Cherokee production launch in the second quarter, and the ongoing launches of the new 2014 Jeep Grand Cherokee and 2013 Ram Heavy Duty trucks. In addition, international shipments declined year-over-year due to continued economic weakness in Europe and import restrictions in Latin America.

Modified Operating Profit was $435 million, or 2.8 percent of revenue, in the first quarter, versus $740 million reported in the prior year. The decrease was attributable to reduced shipments, industrial costs related to the new vehicle launches, and a foreign currency exchange loss related to the February 2013 devaluation of the Venezuelan bolivar fuerte relative to the U.S. dollar, partially offset by continued favorable net pricing in North America.

 

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