According to information; The Chrysler Group LLC said that U.S. vehicle sales in November jumped up 16 percent from a year before and beating analysts’ expectations.
Information by Chrysler ;an affiliate of Italy’s Fiat SPA, said Tuesday that November sales were 142,275, partly on the strength of its new 2014 Jeep Cherokee. Analysts polled by Thomson Reuters had expected 135,189. Chrysler said it was the best November since 2007, before the auto industry immersed into a deep come back.
An introduction of the redesigned Cherokee at Chrysler helped push Jeep brand sales to a record 45,415, up 30 percent. Fiat brand sales, however, dropped 15 percent to 3,075, despite the launch of the new Fiat 500L.
According to information; Pickup trucks displayed continued appeal, propelling Ram brand sales to 31,255, up 25 percent. Dodge brand sales rose 4 percent to 41,506, while Chrysler brand sales climbed 12 percent to 21,024.
By analysts who nearly follow the industry expected November sales arise from 3.6 percent to 6.8 percent as demand returned to “Normal” after the 16-day government closed hurt October results. GM and Ford were expected to show gains for November, eminent by continued strong end-of-the-year demand for full-size pickup trucks like the Chevrolet Silverado and Ford F-150.
According to Industry research firm “TrueCar”.com said average vehicle changes prices fell slightly in November for the first time in three years as manufacturers continued to clear out supplies of leftover 2013 models with generous incentives averaging more than $2,500 per vehicle.
The Chrysler November Sales Highest Since 2007
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