Chrysler Group announced a 33% increase in May sales, the second straight year-over-year percentage sales increase. It was the first time Chrysler sold over 100,000 cars since March, 2009. The automaker says strong sales of its Jeep Wrangler, pickup trucks and minivans helped to drive the increase.
In May 2010, 104,819 units were sold compared to 79,010 units sold in the same month last year.
Sales increased 10 percent compared with April 2010 when 95,703 cars were sold. Chrysler Group finished the month with a 49-day supply of inventory (196,210 units), a 25 percent decline versus May 2009 (260,407 units). U.S. industry sales figures for May are projected at an estimated 11.9 SAAR, the best month to date for the industry in 2010.
For future months, Chrysler is banking on the success of its recently relaunched Jeep Grand Cherokee. "It is a signature vehicle for this company," said Fred Diaz, lead executive for U.S. sales. "It represents the best of Chrysler Group."
The Jeep brand registered a 6 percent sales growth versus the same month of last year, with a total of 21,624 vehicles.
"We are anticipating that there will be strong customer demand for the all-new 2011 Jeep Grand Cherokee adding to the company's momentum as we enter the summer months," added Diaz.
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