US October sales: Ford and Chrysler surpass expectations, GM narrowly posts gain image

Fiat Chrysler’s US unit announced the highest rise for a Detroit automaker – a 22% increase. General Motors narrowly managed a positive result, with deliveries up 0.2% and Ford dropped 1.8%, less than analysts estimated.

The third largest US automaker, Chrysler, led the gains among internal producers thanks to a 52% jump in the Jeep brand’s sales. Ford, on its way to introduce the new generation of its best-selling F-150 pickup, dropped 1.8%, exceeding analyst expectations for a 4.3% slide. General Motors posted a small gain but missed the forecasts that gave it a 3.1% growth.

General Motors reported deliveries increased 0.2% from the same period in 2013, reaching a total of 226,819 units. The No. 1 US automaker had strong results from its SUV models: the Buick brand posted its best October since 2007, with the Encore small SUV rising 33%. The luxurious Cadillac Escalade also rose 30% and the Chevrolet Tahoe large SUV increased deliveries by 6.1%.

Ford’s drop meant it only delivered 188,654 units, as the automaker toned down production of the 2014 F-150 – with its SUV models rising 10% and all cars dropping, save for the Fusion sedan (rising 5.1% to 22,846 units). The ailing Lincoln brand managed a great result, jumping 25% – the full-size Navigator SUV surged 38% and the new MKC compact crossover posted its best results yet.

Chrysler sales amounted to 170,480 units, with the namesake brand rising 17% to 27,546 autos and Jeep brand sales jumping to 55,198 SUVs. The Ram pickup truck brand posted a 33% increase to 39,834 vehicles.

Via Bloomberg, Reuters