• Most Popular
  • Most Shared

Chrysler's September U.S. sales fall 33 percent

DETROIT
Wed Oct 1, 2008 5:43pm EDT
A row of new Chrysler Jeep Commander SUVs are seen at a dealership in Silver Spring, Maryland, July 1, 2008. REUTERS/Yuri Gripas

DETROIT (Reuters) - Chrysler LLC said on Wednesday its U.S. sales fell 33 percent in September to 107,349 vehicles because of a highly volatile economic environment and reduced fleet and lease volume.

Hot Stocks

"The economy is going through a difficult restructuring, resulting in great uncertainty among consumers," Jim Press, Chrysler Vice Chairman and President, said in a statement.

Chrysler's car sales declined 29 percent, while its truck sales declined 34 percent.

Chrysler also announced a new consumer incentive program, featuring cash rebates and low-cost loans, on 2008 model-year vehicles.

Chrysler's numbers were not adjusted for the extra selling day in September 2007.

(Reporting by Poornima Gupta; Editing by Andre Grenon)



More from Reuters

Photo

Obama reaches climate deal with emerging powers

COPENHAGEN (Reuters) - President Barack Obama forged a climate pact with major developing nations including China on Friday but European nations only reluctantly signed up for a deal they criticized as unambitious. | Video

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article