Share

US Big 3 post huge gains

US automakers posted big sales gains in June, 2011, amid strong demand for their more fuel-efficient vehicles.

Chrysler sales, for instance, jumped 30 percent, Ford was up by 14 percent and General Motors up 10 percent in their domestic market.

Chrysler marked its 15th consecutive month of year-over-year sales gains and its best June since 2007 with 130 394 sales. That helped boost its results for the first half of the year by 21 percent to 639 932 vehicles.

SUPPLY SHORTAGES

Chrysler, which got back into the black in the first quarter of this year for the first time since emerging from bankruptcy in 2009, has completely revamped its product offerings and was one of the only big automakers to post a sales gain last month.

Auto sales have taken a hit from supply shortages caused by Japan's devastating March 11 earthquakes and tsunamis but production has been ramping up rapidly and automakers said they expect sales to resume their recovery from the deep economic downturn.

"We believe that the recovery will go back on track," Don Johnson, GM vice-president for US sales, said in a conference call. "We are not cutting our forecast."

GM's sales for the first six months of the year were up 16.8 percent at nearly 1.3-million after June sales rose to 215 358.

GAINS ALL ROUND

Car sales rose 28 percent in June, led by GM's fuel-sipping Chevy Cruze. Crossover SUV whose sales fell two percent while bakkie sales were up five percent in June.

Ken Czubay, Ford vice president for US sales, said: "Strong demand for Ford's fuel-efficient cars and crossovers continues, and we now are seeing truck buyers return to the market with significant appetite for our fuel-efficient V6 engines."

June sales of 194 114 vehicles helped Ford post a 12 percent gain for the first half of the year with sales of nearly 1.1 million vehicles.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()