Chrysler Sales Stay Strong in June

There’s been speculation of late wondering just how long the strong sales that the industry has been enjoying can stick around. So far, this year has had month after month showing that the US auto industry is back in full force from the economic downfall that spiraled them into bankruptcy, requiring a bailout to even survive. Things have certainly turned around, and for the better, the companies proving that they were worth the investment to keep alive. Car sales have lead to plants being re-opened, shifts being added, workers back where they belong. The question has still remained, how long can this trend hold out?

The answer is still going to have to wait, June turns out to be continuing the sales trend. Mycentraljersey.com is reporting that Chrysler actually just had their best June in over 5 years. Numerous factors seem to be coming into play as to why the sales have stayed strong, gas prices have been falling and new vehicles, such as the Dodge Dart, have kept people’s interest in purchasing. There’s also the point that most car drivers are finally at a point where their cars are just getting too old and are in need of replacement.

Some of the notable increases also belong to the pickup trucks of Ram’s line-up. Their sales had an increase of 12 percent in their sales. The Chrysler 300 sedan also doubled its sales from just last year. In total, it was a 20 percent gain for the month for Chrysler.

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June Chrysler Sales Remain Strong

Auto sales have been on a consistent upswing of sales for this whole year. The economy may still be slugging along, but the car industry is making a lot of headway from their bail out and are really starting to show that they were worth the investment.

Chrysler in June is expecting their sales to stay at about the same level as they were in May.

Reid Bigland, Chrysler’s head of US Sales, commented on the sales of June, “We’re going to have a similar industry from a SAAR perspective that we had in May in June. We probably had a little bit of a pull-ahead into February and March.” The current estimate for vehicle sales, including medium and heavy-duty trucks is 14 millions sales, which is where May’s sales were.

June is already a big month for Chrysler. The sales for the Dodge Dart will be starting, with about 1,000 of them in the wild at a variety of dealerships. In the next four weeks, they hope to be reaching full output. There’s also the fact that the company is thinking of adding a third shift to keep up with the demand on their Ram trucks. The 2013 Ram 1500 will begin production this September.

The story has yet to be written on the sales growth of Chrysler. No one is quite sure when the surge is going to end, and while June didn’t see an increase, it stayed steady with the rest of year. If you’re someone looking to get into a vehicle, but have poor credit, take a look to see how Bayside Chrysler Jeep Dodge can help you. Go here to look at the inventory online. Don’t forget to like us on Facebook and follow us on Twitter!

Chrysler Sales Grow With Increase in Sub-Prime Loans

The recession still remains fresh in everyone’s minds. That because to so many people out there, the recession hasn’t really left. Many are still struggling to find employment in the current job market, and many more are still trying to dig themselves out of a financial hole. News of late has been optimistic, and the auto industry is in correlation with it. The economy has been improving, and one of the chief economic stories is the revival of the auto industry. For a company like Chrysler, it’s not all that surprising, however, seeing as how sub-prime loans have helped boost their car sales.

Autonews.com is reporting that in the first quarter of 2012, 29 of every 100 auto loans for a Chrysler vehicle were to consumers with credit scores below 680. According to Experian, a score under that 680 counts as sub-prime. In order to see how this is a up-shift for Chrysler, just a few years prior, during the height of the recession, these loans only accounted for 16 percent.

Chrysler has said that it’s because lenders are reaching out more to the sub-prime market that they are seeing such a sales gain. The company has always traditionally relied on customers with poor credit and now more and more of these same customers are being qualified for loans. The majority of these customers saw a huge impact from the recession and as they recover, so does Chrysler.

If you’re one of the consumers who is dealing with poor credit, give Bayside Chrysler Jeep Dodge a try. Go here to take a look at the Bayside inventory online. Make sure to like us on Facebook and follow us on Twitter!

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