Big Automakers Show Momentum with Improved September Sales

October 04 00:00 2011

New York, October 4 (RainbowNewsLine.com) – Most major automakers had a strong showing in September with improved sales of SUVs and trucks by offering discounts and due to lower gasoline prices. General Motors (NYSE: GM) sold 207,145 vehicles in September which marked a 20 percent increase from September 2010. It had a significant 34 percent increase in sales of full-size pickups and SUVs.

Chrysler group registered a 27 percent increase, with a sale of 127,334 units, compared to September 2010. There was a big jump in sales of its Ram truck and Chrysler 200 sedans. Nissan North America sold 92,964 vehicles in September which was an increase of 25 percent. The sales of its compact Versa were up 68 percent posting a record month.

Ford Motor Co (NYSE: F) had an overall rise of 9 percent in September. Its pickups showed a gain of 15 percent and its SUVs had a 35 percent increase in sales led by Explorer which posted a 204 percent increase in sales this month.

Jesse Toprak, vice president of industry trends and insight at auto website TrueCar.com said “It looks like the highest percentage of trucks and SUVs sold so far this year,” and added “That there’s pent-up demand for trucks has become a cliché, but now it turns out to be reality.”

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