Pickup Truck Sales Boost Ford, GM in February
The automaker said sales were hurt by the end of Jeep Liberty production in the third quarter of 2012 and ongoing product launches of the 2014 Grand Cherokee, the Jeep Compass and the Ram Heavy Duty line. As a result of the product launches, Chrysler Group's first-quarter volume is expected to decline from 2012 levels.
"In spite of a cautious ramp up of some of our most popular products which limited inventory last month, we still managed to record our strongest February sales in five years and our 35th-consecutive month of year-over-year sales growth," said Reid Bigland, head of U.S. sales, in a prepared statement. "Looking ahead, we expect to get our inventory gaps corrected over the next 90 days resulting in additional products contributing to our growth."
-- Written by Ted Reed in Charlotte, N.C.
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