Chrysler Group LLC reported U.S. sales gains that far surpassed experts estimates as the company on track for their best year since 2007.
The company reported U.S. sales of 166,596 units, an 11 percent increase compared to sales in May 2012, and Chrysler's best May sales month since 2007.
Chrysler companies like Jeep, Ram Truck and Dodge have posted year-over-year sales gains in May compared to the same time period last year according to Bloomberg Buisinessweek.
Ram saw a 24 percent increase in May, which was the largest sales gain of any Chrysler company last month.
Chrysler also continued its streak of 38-consecutive months of year-over-year sales gains in May as well.
"Our best May sales in six years enabled us to extend our sales streak to 38-consecutive months of year-over-year sales gains," said Reid Bigland, Head of U.S. Sales in a press statement. "We continue to see strong retail sales throughout our product lineup as eight Chrysler Group vehicles set sales records in May, including best sales ever by the Jeep Wrangler and Compass."
Eight Chrysler vehicles set sales records last month, including the Jeep Compass and the Jeep Wrangler, which each recorded their best sales ever according to Chrysler.
The Dodge Avenger, Dodge Challenger, Chrysler 200 mid-size sedan and the Ram pickup were all among Chrysler Group's top-selling vehicles and experienced their best sales month of the year so far in May.
Chrysler predicted this week that they're on an approximate 15.5 million industry sales pace, including medium- and heavy-duty vehicles, which account for around 200,000 deliveries per year.
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