Ford, Chrysler post good US sales

Ford posted its best performance since 2007 as sales rose six percent to 236,160 vehicles in March. Source: AAP

FORD and Chrysler have reported their best US sales performances since 2007 as analysts predict the auto industry as a whole will also rack up its biggest month in five years.

Chrysler said on Tuesday its sales rose five per cent to 171,606 vehicles in March despite limited inventory of some of its best-selling models, including Jeep and heavy-duty Ram trucks.

It was the company's 36th consecutive month of gains in year-over-year sales, and the strongest sales since December 2007.

Ford posted its best performance since May 2007 as sales rose six per cent to 236,160 vehicles in March.

Toyota sales rose one per cent to 205,342 units in March.

"The auto industry continued its string of impressive monthly results, and at Toyota we had our best month since Cash for Clunkers in August of 2009," said Bob Carter, head of automotive operations for Toyota Motor Sales, USA.

"A strong first-quarter close and increased consumer confidence continue to position the auto industry as a leader in the economic recovery."

The strong sales come after years of painful restructuring and the collapse of demand following the 2008 financial crisis which pushed General Motors and Chrysler into government-backed bankruptcies.

Automotive website Edmunds.com forecast that total industry sales will rise 5.3 per cent from March 2012 once all automakers have reported to a seasonally adjusted annual rate of 15.6 million vehicles.

With total sales forecast at nearly 1.5 million vehicles it would be the best performance in sheer numbers since May 2007, and would be a 24 per cent gain from February.

Since auto sales vary significantly from month to month because of traditional shopping patterns, seasonal sales and product launch schedules, analysts focus on the seasonally adjusted sales pace.

March is expected to be the fifth consecutive month with a sales pace over 15 million and Edmunds upped its forecast for 2013 to 15.5 million vehicles.

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