Detroit 3 Report Double-Digit Sales Gains in October
- The government shutdown did not put the brakes on October car sales as the Detroit 3 reported double-digit gains on Friday.
- General Motors said its U.S. sales were up 16 percent in October, while Chrysler reported an 11 percent sales increase.
- Ford said sales rose 14 percent on the strength of its F-Series trucks, Ford Fusion and Fiesta.
DETROIT — The government shutdown did not put the brakes on October car sales as the Detroit 3 reported double-digit gains on Friday.
"Once again, the U.S. car buyer proved to be stunningly resilient," said Michelle Krebs, Edmunds senior analyst. "Indeed, car sales slowed during the two-week government shutdown, but picked up once again when the shutdown ended."
General Motors said its U.S. sales were up 16 percent in October with 226,402 vehicles delivered.
"The sales tempo really picked up after the government shutdown ended," said Kurt McNeil, vice president of GM's U.S. sales operations, in a statement. "We are particularly pleased with our truck momentum."
Chrysler reported an 11 percent sales increase with U.S. sales of 140,083 vehicles. The 2014 Jeep Cherokee went on sale in October, recording sales of 579 units in its partial month of sales. The Dodge Durango was a strong performer with a 59 percent increase.
The Durango is the subject of a new advertising campaign starring Will Ferrell as goofy news anchor Ron Burgundy.
"After a choppy start to the beginning of the month, Chrysler Group sales accelerated in the second half of the month with renewed consumer confidence and the launch of our all-new Jeep Cherokee," said Reid Bigland, Chrysler head of U.S. sales, in a statement.
Ford said sales rose 14 percent on the strength of its F-Series trucks, Ford Fusion and Fiesta. The Lincoln brand posted an overall increase of 38 percent, largely due to the 2014 Lincoln MKZ. Ford recorded total U.S. sales of 191,985 vehicles.
Hyundai reported an October sales increase of 7 percent, due to strong sales of the 2014 Hyundai Santa Fe, Sonata and Equus.
"Post-shutdown rebound drives record 53,555," tweeted John Krafcik, Hyundai Motor America CEO.
Nissan was up 14 percent in October. Volkswagen of America was a bleak spot in the monthly report, with 28,129 vehicles delivered in October for a drop of 18 percent.
Edmunds says: Bad news out of Washington did little to stop sales for most automakers.