This is the day that most automakers report on October sales and once again Chrysler was the big winner among the Detroit three.
Ford said sales fell 2 percent from a year ago. The company had anticipated this due to the plant changeover for the 2015 F-150, long the nation’s top selling vehicle. Declines in rental volumes were also part of the planned reduction. Demand for the Fusion remained strong with Ford claiming it is on a pace to break the 300,000 vehicle sales mark this year for the first time.
General Motors posted only a 0.2 percent sales increase last month compared to October of 2013. Demand was strong for its Chevy Silverado and GMC trucks and the compact Chevy Cruze. Cadillac sales fell 8 percent but customer still bought a lot of Escalades and CTS models. Yet sales were lower for the Chevy Impala and Malibu with Malibu sales down 29 percent. GM reported a strong sales gain for pickups that carried a price tag of $40K or more. GM’s average transaction price hit a record $34,700 in October.
Chrysler Group has posted a 22 percent sales increase and its best October since back in 2001. They sold a lot of Jeeps, with a hefty 52 percent sales gain and sales were also strong for the Ram truck and the Chrysler 200. Sales rose one percent for Fiat while Dodge sales were off an un-Hellcat 8 percent.
Sales rose 5.8 percent for Honda and Acura last month with the Honda part of the equation running up record October sales of 105,745 vehicles. The redesigned Fit, CR-V and Accord models were the most in demand while the TLX led the Acura parade.
Helped by strong demand for the Rogue, Nissan racked up a year over year sales increase of nearly 15 percent. For the month, Infiniti sales were off slightly, 1.2 percent, yet sales of the Q50 sport sedan rose 16 percent.