October Auto Sales: Car Sales Help Chrysler, GM and Ford
Biggest Boosts Come from Smaller Products
The damage from Hurricane Sandy extended to the U.S. auto market last month, as stiff headwinds limited overall October auto sales to a 6.9 percent growth rate on 1,092,205 deliveries. And particularly hard-hit were the domestic-ish automakers. Only Chrysler was able to outpace the industry—thanks to a 10 percent October sales jump—while GM managed a 4.7 percent sales increase and Ford eked out a .4 percent advance.
On the other hand, it must be said that the Big Three did come up big in some of the industry’s key segments. For example, on the car side of the business, the market’s combined growth rate of 13 percent was surpassed by both Chrysler (+18 percent) and GM (+15.3 percent), while the Ford C-MAX enjoyed a fairly robust first full month on sale and helped the Blue Oval set an all-time October record for hybrid deliveries.
Other October auto sales highlights included …