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Chrysler Group sales up






Chrysler Group sales up 20%

Chrysler Group reported a sales increase of 20 percent, the 16th month of year over year sales gains, led by a 46 percent gain in Jeep® sales compared with last July, USA Today reported.

"In a market that remains tougher than a cheap steak, we were able to produce our high-est retail sales in more than three years," said Reid Bigland, head of U.S. sales, as well as CEO of the Dodge brand, in the USA Today article. "I think that statistic is the ultimate testament to the progress we have made with our product in the areas of fuel economy, quality and design."

Chrysler Group's 20 percent jump in auto sales compares with a 7.6 percent sales in crease reported by General Motors Co. and an 8.9 percent increase at Ford Motor Co., the Detroit News reported. Bloomberg noted that Chrysler Group exceeded analysts" estimates of a 15 percent gain.

The Wall Street Journal noted that Chrysler Group upgraded many of its current vehicles last year in hopes of reviving sales and market share in the U.S. The improvements, as well as a broader recovery in the auto sector, have helped Chrysler report stronger results, the Wall Street Journal added.

The Jeep® brand was the crown jewel, with a record month for Wrangler (14,355 sold, up 43 percent) , USA Today said.

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