Sales numbers for February were recently released and - get ready for it - the numbers actually so some improvement. Don't get me wrong, they're still in the toilet, but they just might be floating a little bit higher.
The big news is that Chrysler increased its U.S. market share by about 1.5% to 11%. The market share came mostly at the expense of GM.
The big news for the Jeep brand is that Wrangler sales are up a full 28% compared to February, 2008.
Full sales numbers after the jump...
According to their own video, the answer is a resounding "yes". We'll see what the feds think as Chrysler makes its case today to keep the lifeline coming...
What can I add to the headline? Not too much.
Wrangler sales were the lone bright spot - virtually in the entire company - sales were up 4% from January, 2008.
The spin:
Chrysler LLC today reported total January 2009 U.S. sales of 62,157 units, down 55 percent versus the same month in 2008 (137,392 units), and down 31 percent from December 2008 (89,813 units). Total sales were suppressed by a significant reduction in fleet sales, which is aligned with the Company's sales strategy helping to maintain or improve the overall residual value of Chrysler vehicles for our customers. Fleet sales were down 81 percent for January compared to the same time last year.
Okay, so there's hardly any spin...
Full sales figures after the jump.
Chrysler's official Twitter feed just posted a tweet indicating that their December sales "won't be wonderful". First of all: no duh (I used to say that all the time back in 3rd grade - brings back good memories). Second, I think I like Chrysler just a little more today than I did yesterday for posting this warning on Twitter - it's hard to make people smile with bad news.
Up to know, their tweets have been rather dry and sanitized - hopefully they're starting to find a friendlier voice.
P.S. Hey Chyrsler, how about some tweets teasing the Jeep EV? That would be one way to crank up the number of followers - right now it's just me and 14 other auto-nerds.
First, the bad news - November Jeep sales were down 28% compared to 2007. Only the relatively-high-mpg Patriot showed any positive movement - its year-to-date sales are up a full 50%.
Chrysler did point out that Jeep Liberty sales grew 6% from October to November - that's the extent of the good news.
Back to the bad news - every single model declined over 25% compared with 2007 with the Commander and Compass both shedding two-thirds of their sales. Ouch.
Full sales figures (as usual, if you dare) after the jump...
The October, 2008 sales figures are out, and the Jeep brand (as well as the rest of Chrysler) is still in a world of pain.
The only (relatively) bright spot for the Jeep brand is the Patriot, which was up 62% year-to-date over 2008. Comparing 2007 and 2008 October sales show that the Patriot sales have dropped 11%.
Here's Chrysler's best try at spinning the horrible news:
Chrysler LLC today reported total October 2008 U.S. sales of 94,530 units, down 35 percent from the same month last year. Sales for October reflect an overall industry decline and reduced fleet sales.
"While October was a very tough month for everyone in this business, we as an industry must focus on the fact that there are still many serious car buyers out there, and every company has an equal opportunity to win their business," said Jim Press, Chrysler LLC Vice Chairman and President. "From a Chrysler perspective, we are pleased that despite this marketplace downturn, our critically important Dodge Ram launch is on schedule and our overall pickup truck share is on target. We look forward to rolling out the rest of our 2009 model year vehicles with improved quality and fuel economy and fighting for those customers who are in the market."
Jeep(R) Patriot sales increased 62 percent year-to-date (50,596 units) compared to same timeframe in 2007 (31,248 units). October sales of the vehicle grew two percent versus September 2008 sales (3,252 units in October compared to 3,190 units in September).
Full sales numbers after the jump...
There was nothing positive in Jeep sales in September for Chrysler to spin. Every single model had a double-digit decline in sales compared to September of 2007. Both Commander and Compass sales dropped 65%. The Patriot took the lightest hit (probably due to its fuel economy) by dropping only 25%.
Chrysler LLC today reported total September 2008 U.S. sales of 107,349 units, down 33 percent from the same period last year. Total September sales reflect a highly volatile economic environment, ongoing segment shifts and reduced fleet and lease volume. Sales for the month were supported by models such as the Dodge Journey, Dodge Grand Caravan, and Chrysler Town & Country, as well as competitive pricing and aggressive monthly payment offers.
"The economy is going through a difficult restructuring, resulting in great uncertainty among consumers," Jim Press, Chrysler LLC Vice Chairman and President, said. "We are committed to supporting our customers with significant savings and innovative financing, and our dealers with new business solutions. Longer term, we all need to be investing in building a healthier automobile industry and be ready to compete when the economy strengthens."
The Company finished the month with 381,365 units of inventory, or a 85- day supply. As part of a planned reduction in manufacturing capacity, inventory is down 15 percent compared with September 2007 when it totaled 450,733 units.
Full sales figures after the jump.
August Jeep sales were down across the board with the entire brand down 44% from August, 2007. For all of 2008, sales are down 24% compared with the first 8 months of 2007.
Chrysler does point to a potential (relatively) bright spot in the numbers:
Chrysler LLC sold 4,654 units of the Jeep Liberty in August, a decrease of 14 percent when compared with August 2007. However, the vehicle picked up some momentum in August increasing sales 24 percent when compared with July 2008 sales.
Full sales figures after the jump (if you dare).
Yikes.
Despite Chrysler's spin on things, sales falling 39% is never good:
The Jeep(R) Patriot continues to gain traction in the market, offering excellent fuel economy, interior flexibility and utility at a great value. Total sales of 3,451 were up 4 percent versus last year due to consumer interest in the company's most fuel-efficient vehicles. Additionally, Jeep Patriot 2008 year-to-date sales increased 119 percent, with 40,135 total sales when compared with July 2007 year-to-date sales of 18,286 units.
Desperate to report some good news, they offered this nugget as evidence that they are on-track with their financial plan:
Chrysler LLC today announced that in spite of the severe economic and industry challenges, we continue to perform ahead of our financial plan for the second quarter and first half of 2008. The Company measures its financial performance against two primary financial metrics: Cash/Marketable Securities and EBITDA (earnings before interest, taxes, depreciation, amortization and restructuring charges). As of June 30, 2008, the Company had Cash/Marketable Securities of $11.7 billion, (including $2.3 billion in Restricted Cash and excluding $2.3 billion in Voluntary Employee Benefits Association assets), well ahead of its plan and down slightly from year-end 2007. As well, for the six months ended June 30, 2008, Chrysler posted an EBITDA of approximately $1.1 billion, well ahead of plan.
The Company remains ahead of its financial plan due primarily to Chrysler’s fast response to the deteriorating market conditions and its cost reduction initiatives launched in 2007, focused largely on restructuring its operations. Those efforts have kept the Company ahead of the overall market developments.
Click through for the full sales figures (if you dare).
Ouch. Despite Chrysler's best attempts to spin the news, Jeep sales continue to suck. First, the good news:
The all-new Jeep(R) Patriot posted sales for June with 4,889 units, up 6 percent compared with June 2007 sales of 4,633 units. Combined year-to-date (YTD) total sales of the fuel-efficient Dodge Caliber, Jeep Compass and Jeep Patriot compact vehicles which each achieve 28 miles per gallon or better in highway driving, reached 114,188 units, up 18 percent from YTD 2007 combined sales of 96,553 units.
It seems that their "Let's Refuel America" promotion is having some effect - they're extending it through the end of July.
The full sales figures are the bad news - click through if you dare...