Domestic carmakers showed some new life in April as General Motors Corp., Chrysler Group LLC. and Ford Motor Co. all posted sales gains of 20% or better for the first time in years.
The big jump in sales came against very weak sales of by all three carmakers just a year ago when speculation about the impending bankruptcies of GM and Chrysler, which filed for Chapter 11 protection on April 30, 2009.
Nevertheless, Chrysler last month posted a 25% sales increase, which was its best year-over-year sales improvement since July 2005.
“April was a very positive month for Chrysler Group, with concrete results that highlight the company is on-track and gaining momentum,” contended Fred Diaz, the top executive for Chrysler’s sales organization.