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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Full Coverage Sitemap US auto sales post solid gains from depressed 2009 levels AFP - Saturday, October 2 Send IM Story Print US auto sales post solid gains from depressed 2009 levels CHICAGO (AFP) - – Automakers posted significant gains in September US auto sales from depressed 2009 levels with Chrysler and Ford sharply outperforming their rivals, industry data showed Friday. While the industry has been showing strong signs of recovery and consistent gains so far this year, September's results were skewed by the fact that sales were particularly weak a year ago following the end of the government-financed Cash-for-Clunkers incentive program. Chrysler hailed its results, the sixth consecutive month of year-over-year sales gains, as a sign of its recovery more than a year after it emerged from a government-backed restructuring under bankruptcy protection. "We will continue to build sales momentum this fall as a slate of new product begins arriving in our dealerships," said Fred Diaz, lead executive for US sales. "Consumers soon will be able to see more of our all-new and significantly-refreshed vehicles in our dealerships." Total sales rose 61 percent to 100,077 vehicles for September and were up 15 percent for the first nine months of the year at 820,220 vehicles. Chrysler remains vulnerable, however, to another spike in fuel prices, cautioned Edmunds.com analyst Ivan Drury, because 71 percent of its sales are trucks. "Chrysler is benefitting from stable gas prices and the highly visible launch of the redesigned Grand Cherokee," Drury said. "As long as consumers are not worried about high fuel costs Chrysler should be able to maintain a decent sales pace." Ford, the only big US automaker to survive the economic crisis without government help, said it was on track to gain market share for the second year in a row. "The key to our success in the US market is the relentless cadence of new vehicle, powertrain and technology introductions," said Ken Czubay, Ford vice president for US marketing, sales and service. "Every high-quality, fuel-efficient new vehicle provides Ford and its dealers with an opportunity to reach new customers and build a stronger foundation for future growth." Ford's sales for September rose 46 percent to 160,873 vehicles and were up 20.9 percent for the year to date at 1.2 million vehicles. GM expressed satisfaction with its modest sales gain of 10.5 percent in September to 173,155 vehicles and 5.9 percent for the first nine months of the year at 1.6 million. Sales of GM's remaining "core" brands rose 22 percent and the automaker noted that its sales were 79,948 units higher so far this year with four brands that what it posted in the same period of 2009 with eight brands. "September's results are a continuation of positive momentum for our four brands and demonstrate that our plan is working," said Don Johnson, vice president for the US sales operations. "We're hitting our forecast, the industry is trending as we forecast, so we don't see any substantial changes in our strategy," he said in a conference call. Toyota, which continues to work to rebuild its once-stellar reputation after a series of mass safety recalls, saw sales rise a modest 16.8 percent to 147,162 vehicles in September and 1.6 percent to 1.3 million vehicles for the year. Honda sales rose 26 percent to 97,361 vehicles in September while year-to-date sales were up just 3.7 percent at 912,436. Total industry sales are forecast to come in at a seasonally adjusted annualized rate of around 11.5 million vehicles, according to JD Power and Associates. "Consumers continue to grapple with high unemployment levels, a weak housing market and higher vehicle prices," said Jeff Schuster, the group's executive director of global forecasting. "However, even with the weaker-than-expected close to September, retail volume has improved from recent levels and the recovery continues to progress slowly." 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