Last month Toyota and Chrysler reported double digit profits in the US, GM posted a modest increase, while Ford’s results were the same as in 2011.
According to Ford’s estimations Hurricane Sandy made dealers sell with about 20,000-25,000 vehicle less at the end of the month when the storm hit the East Coast. The automaker said that these sales are not considered lost, but postponed, and expects sales to increase more this month as customers will have to replace the cars destroyed by the storm.
“I would expect we’ll see a lot of them in November as people quickly need to get back on their feet,” said Ford sales chief Ken Czubay.
Ford sales increased 0.4% to 168,456 vehicles last month and up 4.9% year-to-date to 1.9 million units. GM had its best October since 2007 with sales up 5% to 195,764 vehicles, which means that sales in the first ten months of the year increased 4% to 2.2 million units. Toyota’s sales were up 15.8% to 155,242 vehicles. Chrysler sales also increased 10% reaching 126,185 units and 23% year-to-date to 1.4 million.
“In spite of Hurricane Sandy, Chrysler Group posted its best October sales since 2007 and we achieved our 31st consecutive month of year-over-year sales growth,” said sales chief Reid Bigland.