Chrysler reports 17 percent annual sales increase

Associated Press
January 4, 2011 11:42 am

Chrysler says its U.S. sales rose 17 percent in 2010, helped by purchases from rental car companies and strong demand for its new Jeep.

The company sold 1.1 million cars and trucks as its four brands notched large increases. Much of the sales increase early in the year came from low-profit sales to rental companies. The year's final months were marked by strong sales of the Jeep Grand Cherokee.

December sales climbed 16 percent from a year earlier. Sales of the Grand Cherokee, for example, were more than three times their level from a year earlier, when the vehicle hadn't been revamped.

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