chrysler leads strong us auto sales growth
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Chrysler leads strong US auto sales growth

Arab Today, arab today

Arab Today, arab today Chrysler leads strong US auto sales growth

Chicago - AFP

Chrysler once again led the pack as US auto sales continued to grow in February amid an improving overall economic outlook and despite concerns about rising fuel prices, automakers said Thursday. Ford forecast that overall industry sales would increase by 10 percent in February once all automakers\'s sales reports are in Thursday, while the sales pace would come in at a seasonally adjusted, annualized rate in the high 14 million-to-15 million vehicle range. \"We are encouraged by the strong performance in the first two months of the year,\" Ford economist Jenny Lin said in a conference call. \"We\'ve been waiting for this because average vehicle age is above 10 years and the pent-up demand has built up.\" Ford posted a 14 percent rise in February sales in the United States, to 179,119 vehicles, and said it planned to increase second-quarter production by three percent from last year to 730,000 vehicles. \"Sales momentum built as February unfolded, with higher fuel prices driving consumer demand for more fuel-efficient vehicles in the second half of the month,\" said Ken Czubay, Ford\'s head of US sales. Chrysler\'s US auto sales jumped 40 percent in February from a year ago, racking up nearly two years of growth and the ninth straight month of gains above 20 percent. Chrysler said it has also outpaced the overall industry sales rate for the 12th month in a row, thanks in part to its broad portfolio of fuel-efficient vehicles. \"A few years ago higher fuel prices were a major threat to our total vehicle sales whereas today those higher prices have become far less of an issue,\" Reid Bigland, who heads Chrysler\'s US sales, said in a statement. \"We now have 13 vehicles with an EPA-rated highway fuel economy of 25 miles per gallon or higher, and six of those vehicles get 31 mpg or higher.\" In February, Chrysler\'s sales surge was led by a 126 percent jump in cars sales to 133,521 vehicles, while truck sales rose 20 percent. General Motors, the world\'s top automaker by sales, said US sales rose a modest 1.1 percent to 209,306 vehicles compared with what it called a \"very strong\" performance in February 2011. \"It\'s an affirmation of our progress,\" Don Johnson, head of GM\'s US sales, said in a statement. \"We are continuing to execute the same disciplined sales strategy that was the key to our success in 2011.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chrysler leads strong us auto sales growth chrysler leads strong us auto sales growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chrysler leads strong us auto sales growth chrysler leads strong us auto sales growth

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday