Chrysler, Ford report higher January U.S. auto sales
Chrysler Group LLC
Ford, the No. 2 U.S. automaker, sold 136,710 cars and trucks in January, spurred by a 60 percent jump in sales of the Focus small car. Jefferies analyst Peter Nesvold predicted an 8.1 percent increase for Ford, while Edmunds.com expected a 9 percent gain.
Chrysler's sales were expected to be up about 35 percent, according to Edmunds and TrueCar.com. The smallest U.S. automaker also reported its fourth-quarter results on Wednesday.
Chrysler in 2011 was No. 4 in U.S. auto sales, behind leader General Motors Co
U.S. auto sales, an early indication of consumer demand each month, are expected to show a 6 percent rise in January. Older cars, which now average a record 11 years old, are helping to boost new car sales as people trade them in after delaying purchases during the economic downturn.
Volkswagen of America
GM sales are expected to show a decline from last January.
(Reporting by Bernie Woodall, Ben Klayman and Deepa Seetharaman; Editing by Maureen Bavdek)
© Copyright Thomson Reuters 2024. All rights reserved.