Chrysler Group’s namesake and Dodge brands recorded strong sales last month to give the auto maker its best January sales since 2008.
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Chrysler said its U.S. auto sales for January climbed 16% to 117,731 vehicles, up from 101,149 a year earlier. Sales were down 23% from December’s total of 152,367 vehicles.
Truck sales rose a modest 2.8%, while care sales soared 50% higher. Sales for Chrysler’s namesake brand increased 18%, compared to a 37% jump for Dodge and 4.4% drop for Jeep.
The company said it ended January with an 87-day supply of inventory, estimating U.S. sales for the month at a seasonally adjusted annualized rate of 15.5 million units across the industry.
On Wednesday, Chrysler reported its second profitable year since emerging from bankruptcy in 2009. Profit for 2012 soared to $1.7 billion from $183 million a year earlier, while revenue climbed 20% to $65.8 billion.
Competitors General Motors (NYSE:GM), Ford (NYSE:F) and other auto makers are also slated to report January sales Friday.