Worldwide sales of new cars and trucks were up 18 percent (60,000 vehicles) to 394,000 units in the first quarter, thanks to the greater availability of the 16 new or refreshed products launched throughout 2010. The Chrysler Group’s U.S. market share increased marginally to 9.2 percent in Q1 2011 as compared to 9.1 percent in the same period of 2010.In Canada, the company’s market share was 14.7 percent in Q1 2011 as compared to 13.7 percent in Q1 2010.
“Chrysler Group’s improved sales and financial performance in the first quarter show that our rejuvenated product lineup is gaining momentum in the marketplace and resonating with customers,” said Sergio Marchionne, Chief Executive Officer, Chrysler Group LLC. “These results are a testament to the hard work and dedication of our employees, suppliers and dealers, all of whom are helping Chrysler create a new corporate culture built on the quality of our products and processes, and simple, sound management principles,” added Marchionne.
Fiat S.p.A. also revealed plans to fully repay the Chrysler Group’s loans from the United States and Canadian governments during the second quarter of 2011.