Chrysler posts best monthly gain since 2005

Chrysler Group LLC CEO - Sergio Marchionne

It seems like Chrysler Group LLC’s new CEO Sergio Marchionne may be living up to his promises. The Auburn Hills automaker reported a 25 percent sales gain in April 2010, the biggest since the automaker posted a 27 percent gain way back in July 2005.

Of course since Chrysler declared bankruptcy in April 2009, it easily topped its weak year-earlier sales.

Chrysler’s rebound actually began in February when the company posted its first monthly gain of 1 percent in more than two years. In March, sales slipped 8 percent.

Also, April 2010 sales were accomplished by reduced incentives, more than $1,000 below the year-earlier level. However, Chrysler’s incentives last month were still higher than those of any of its major rivals.

– By: Stephen Calogera

Source: Automotive News (Subscription Required)