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Old 06-03-2014, 11:23 AM
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Thumbs up Jeep brand was a star, sales up 58%

WARNING: Fan Boy Thread

GM sales unfazed by recalls; Chrysler booms, Ford up

FIAT CHRYSLER AUTOMOTIVE: Chrysler lived up to analysts' forecasts, reporting May sales of new cars and trucks up 17.4% from a year earlier, to 194,421 vehicles, making it Chrysler's best May since 2007 before the Great Recession.

In what's become a common refrain, the car company said its Jeep brand was a star, up 58% and setting its third consecutive monthly sales record. And again Ram trucks were strong.

"Chrysler sales for May weren't just up; the rise might be described as meteoric," said Nerad.

Jeep's 58% "was especially impressive," Nerad said, "and it was accompanied by noteworthy gains by Ram trucks and Fiat. One interesting aspect of Chrysler's success for the month is that both big trucks and small cars enjoyed double-digit gains, a rarity.

Chrysler Group is the main U.S. unit of Fiat Chrysler Automobiles and includes Fiat sales in its reports.

Chrysler results by brand:

Jeep: The 58% increase was the best monthly tally in its history. The small Compass, iconic Wrangler and new Cherokee each reported their best monthly sales ever.
Ram: The brand's full-size pickup was up 17%, the best sales for that month since 2005. Within that, sales of the heavy-duty version of the pickup jumped 34%, signaling strong commercial interest as businesses that put off replacing old machines during the recession find the economy stable enough to take the plunge on new work vehicles.
Chrysler: The namesake brand sales fell 22%, reflecting, the automaker says, the discontinuance of its 200 sedan. The redesigned replacement 200 sedan began arriving at dealers in May, and strong early orders give the company very high expectations for a strong launch. The Town & Country minivan jumped 37%.
Dodge: The company's mainstream brand was up just 3%. Still, it was Dodge's best May since 2007. And Dart, Journey and Challenger set records.
Fiat: Still a tiny presence in the USA, fielding only the 500 minicar and larger 500L, the italian brand was up 18% and had its best month since returning to the USA in 2011.
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Old 06-03-2014, 01:08 PM
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Re: Jeep brand was a star, sales up 58%

Does this mean that GM and Fiat-Chrysler will pay back the money they owe to the American tax payers?
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Old 06-03-2014, 01:18 PM
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Re: Jeep brand was a star, sales up 58%

Already paid back.
Dear Taxpayer: Your Auto Bailout Loan Is Repaid, With Interest | Final Inspection
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Old 06-03-2014, 02:24 PM
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Been paid back for like a year I think
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Old 06-03-2014, 10:43 PM
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Re: Jeep brand was a star, sales up 58%

Quote:
Originally Posted by jacko15 View Post
Sort of:
The taxpayer loss on the GM bailout is $10.5 billion. The Treasury department said it recovered $39 billion from selling its GM stake, and had put $49.5 billion of taxpayer money directly into the GM bailout.
But, it did save a lot of jobs.
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Old 06-04-2014, 06:18 AM
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Re: Jeep brand was a star, sales up 58%

Quote:
Originally Posted by jacko15 View Post
Not according to Geithner's new book...

"The government didn't do as well with the rescue of automakers General Motors and Chrysler Group, or with the auto loan company GMAC, now known as Ally Financial. Taxpayers came up $11.2 billion short when all those bailouts are added together."

Taxpayers made $52 billion on Geithner's bailouts | Money - WAPT Home
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Old 06-04-2014, 08:54 AM
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Re: Jeep brand was a star, sales up 58%

I'm sure you will get a different story from every bean counter that looks at this. Too much politics involved. I think the bottom line is that the auto industry is thriving again, and many jobs were saved. Also, it forced the parties involved to change their behaviors so many of the money pits that were destroying the U.S. auto business have been closed. The auto bailout was a much better deal than the banking bailout that allowed the banks to continue business as usual. But that's just my opinion.
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