Chrysler posts 11 percent October U.S. sales gain

NEW YORK, NY - APRIL 05: The 2013 Dodge RAM is displayed at the 2012 New York Interantional Auto Show on April 5, 2012 in New York City. The New York International Auto Show features nearly 1,000 brand new vehicles from all auto industry sectors and is open to the public April 6-15. (Photo by Andrew Burton/Getty Images) Getty

DETROIT Chrysler says its October U.S. sales rose 11 percent from a year ago, a sign that the auto industry recovered from a slow September.

The company was led by the Jeep Grand Cherokee SUV and the Ram pickup. Grand Cherokee sales were up 20 percent, while Ram pickup sales rose 18 percent.

Chrysler says it sold about 140,000 cars and trucks last month, up from just over 126,000 a year ago.

Industry analysts are predicting an 8-to-13 percent sales gain for October. That follows a 4 percent drop in September because Labor Day weekend was counted in August figures this year.

Analysts say the 16-day government shutdown in early October kept buyers out of showrooms, but they returned in past two weeks.

All automakers report October sales on Friday.

Comments

CBSN Live

pop-out
Live Video

Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Market News

Stock Watchlist