October new car sales: Chrysler, Nissan set pace with double-digit gains
Willie Grace | 11/4/2014, 2:29 p.m. | Updated on 11/4/2014, 2:29 p.m.
Truck, crossover demand fuels stronger sales among most major automakers
Led by double-digit increases at Chrysler Group and Nissan Motor Corp., major automakers reported higher October sales today, with crossovers and light trucks fueling the gains.
Chrysler Group’s U.S. sales rose 22 percent while Nissan group posted a 13 percent increase.
Toyota Motor Corp., in a preview of its results, said it sold 180,580 Toyota, Scion and Lexus models last month, an increase of 7 percent. The company said the results reflected record October demand for the Toyota RAV4 and Highlander, strong Camry shipments, as well as robust SUV volume.
“October vehicle sales were the best for the month in 10 years as an improving economy and lower gas prices drove strong SUV sales,” Bill Fay, Toyota division group vice president and general manager, said in a statement. Lexus volume rose for the 12th consecutive month.
Sales edged up 0.2 percent at General Motors, with Buick volume rising 7 percent and Chevrolet deliveries up 1 percent. Sales slipped 1 percent at GMC and 8 percent at Cadillac. The company’s retail volume dropped 2 percent, on lower consumer incentives, while fleet shipments rose 6 percent.
GM’s car deliveries slipped 1 percent while truck volume rose 6 percent. GM said its crossover deliveries declined 8 percent on the discontinuation of the Chevrolet Captiva Sport which has been sold only to rental and fleet operators.
At Ford Motor Co., volume declined 2 percent as the company retools U.S. plants to build the redesigned F-150 pickup. The F series is Ford’s top-selling nameplate. Sales fell 3 percent at the Ford division but climbed 25 percent at Lincoln.
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