DETROIT OFF TO A STRONG START: Chrysler Sales Surge 34%, Ford Up 5%

chrysler

Sales at Chrysler improved to their highest level in more than four years, as consumers purchased 163,381 units in March, a 34.2 per cent jump from a year ago, the automaker reported this morning

The surge was largely driven by increases at the company’s Chrysler brand, which posted a 70 per cent jump during the month.

The Auburn Hills, Mich., based company saw sales increase 36 per cent within its Jeep unit, and an 18 per cent gain at Dodge. 

Analysts polled by Bloomberg had forecast a 31 per cent jump at the automaker. 

The news follows a CNBC report that quoted a Ford executive who said sales increased 5 per cent during the month, in line with estimates.

More to come.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.