October Sales of Trucks, Jeeps and SUVs Strongest in Years

November 4th, 2015 by admin

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Pickup truck, SUV and Jeep sales surged in October during what the American auto industry has characterized as its best sales month in a decade. As the saying goes, all boats are rising, and the perfect storm of interest rates hovering near zero, affordable gas and consumer demand is translating into record setting numbers.

The nation’s largest automaker, General Motors, recorded a 16% increase in year-over-year sales, Ford posted a 13% increase and Fiat Chrysler is up 15%. Toyota experienced its best October of all time by selling over 200,000 vehicles. The off-road industry is not getting left in the dust as General Motors reported that pickup truck and SUV numbers were especially strong. Newer models like the Chevrolet Colorado midsize truck and the Silverado 1500 full-size are sales standouts.

Fiat Chrysler’s Jeep brand also made a strong showing with the company’s 67th straight month of year-over-year gain, fueling the sales of exterior and interior Jeep accessories. Ford’s F-series sales are soaring partially on the strength of replenished supplies after months of shortages. It’s also expected that F-Series commercial fleet sales will increase from their current mark at around 20%.

General Motors’ Chevrolet trucks were up 13%, the 19th consecutive monthly increase the company has enjoyed. “The redesign of our full-size trucks and SUVs, and our move into the small crossover and mid-size pickup segments were smart bets and our timing couldn’t be better with industry sales at record levels,” said Kurt McNeil, GM’s U.S. vice president of Sales Operations. The Chevrolet Silverado and Colorado had their best October sales since 2006, and the Malibu its best October since 1996.

“Sales for us were up 15% in October, giving us our best October since 2001!” said Scott Brown, of Fiat Chrysler’s West Region Communications. “The Jeep brand led the way with sales up 33% and four Jeep brand vehicles set records last month. The Patriot’s 56 percent increase was the largest year-over-year percentage gain of any Jeep brand model for the month. In addition, the Cherokee, Compass and Wrangler each posted their best October sales ever.”

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