 Chrysler Sales Down, DaimlerChrysler Profits Way Up |
From Ohio.com:
DaimlerChrysler said its second-quarter operating profit -- a key gauge of underlying profitability -- rose 11 percent.
But its Chrysler Group, caught with too few car models as the market shifts away from trucks, reported a 91 percent drop in profit to $65 million from $695 million a year earlier.
In a conference call, DaimlerChrysler Chairman Dieter Zetsche said the lower earnings at Chrysler were a result of a 6 percent decline in sales as well as decreased per-vehicle margins.
Chrysler revenue fell 4 percent to $15.9 billion from $16.6 billion, and the company conceded that worse results are to come.
The company plans to turn its sales around later in the year by moving toward smaller, more fuel-efficient vehicles, Zetsche said. The Chrysler Group expects to introduce eight new models this year, most of them powered by a new, fuel-efficient four-cylinder engine or more efficient six-cylinder engines, Zetsche said. The models include two Jeep versions of the Caliber, the new midsized Chrysler Sebring and Dodge Avenger cars, and the Jeep Liberty and Dodge Nitro crossovers.
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| Poster | Thread |
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| Transpower | Posted: 2006/7/29 10:46 Updated: 2006/7/29 10:46 |
Not too shy to talk   Joined: 2004/11/28 From: Posts: 31 |
 Re: Chrysler Sales Down, DaimlerChrysler Profits Way UpThe article doesn't give sales volumes. Here's a list from AutoSite of SUV sales (sans proper formatting):
June 2006 Sales Volume Make Model June 2006 May 2006 YTD 2006 YTD 2005 Chevrolet All New TrailBlazer 20,261 30,532 92,012 118,379 Ford Explorer 18,437 28,835 95,642 134,760 Chrysler PT Cruiser 14,693 11,727 70,153 65,548 Ford Escape/Hybrid 14,361 13,697 89,339 86,914 Chevrolet Tahoe 13,473 25,062 84,933 81,472 Toyota RAV4 13,204 6,489 75,015 35,949 Honda CR-V 12,394 12,668 72,054 73,435 Jeep Liberty 12,155 14,160 70,106 82,984 Honda Pilot 11,458 11,531 70,746 63,758 Chevrolet Equinox 10,909 17,217 56,331 70,985 Jeep Grand Cherokee 10,688 23,944 72,871 107,534 Saturn VUE 10,473 11,238 46,593 42,319 Toyota Highlander 10,436 13,029 61,357 70,412 Lexus RX 330 /RX400h 9,651 10,015 53,282 54,008 Chevrolet HHR 9,503 - 51,990 - Jeep Commander 8,958 - 39,674 - Toyota 4Runner 8,647 8,308 54,866 52,077 Chevrolet Suburban 7,417 12,482 34,253 44,781 GMC Envoy 7,381 16,531 36,994 57,246 Dodge Durango 7,366 9,678 38,871 62,147 Ford Expedition 6,852 12,652 41,233 61,651 Nissan Murano 6,617 6,449 43,354 37,089 Chrysler Pacifica 6,516 10,005 42,468 44,762 GMC Yukon 6,422 12,590 32,940 38,415 Toyota FJ Cruiser 6,366 ---------- In other words, SUV sales are dismal! |
| Poster | Thread |
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| erik | Posted: 2006/7/29 5:55 Updated: 2006/7/29 5:55 |
Not too shy to talk Joined: 2005/12/28 From: Williamsport, PA Posts: 37 |
Re: Chrysler Sales Down, DaimlerChrysler Profits Way Up Nobody should worry about DCX. The Caliber has proven to be hotter than expected.
The Compass and Patriot will be successes. The Wrangler Unlimited is a guaranteed hit. Diesels for the Grand Cherokee & Commander. New Sebring Dodge Nitro to be followed by the "mini-Commander" Jeep Liberty. DCX is in the right place at the right time. |
