Vehicle Sales Climb at Chrysler - TheStreet

Vehicle Sales Climb at Chrysler

The company says car and truck sales were up 6% in June.
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DaimlerChrysler

(DCX)

said sales at its U.S. division rose 6% in June, and the automaker thanked better economic conditions.

On a daily-rate basis, Chrysler Group's sales of new cars and trucks totaled 198,962 units in the U.S. Car sales rose 1% to 47,219, and trucks sales were up 8% to 151,743. On a unit basis, total sales actually fell from the 202,822 vehicles sold in June 2002.

Analysts had expected DaimlerChrysler to report 4.6% growth in June sales.

"The economic environment is trending upward," Gary Dilts, Chrysler's senior vice president of sales, said in a statement. "Auto industry fundamentals are improving, interest rates are at all-time lows, the numbers from Wall Street are heading north, and consumer confidence is on the rise."

DaimlerChrysler's shares were down 5 cents at $34.67 in afternoon trading.