Nissan, Honda, Chrysler report US sales increases

DETROIT — Falling gas prices improved buyers' moods and boosted U.S. auto sales in October.

GM, Chrysler, Nissan and Honda all reported sales gains last month. Ford's sales fell 2 percent as it cut back on F-Series pickup sales ahead of the launch of a new F-150 later this year.

The early reports Monday were a strong sign that the auto sales boom would continue at pre-recession levels through the rest of the year. Industry analysts are expecting a 6 percent sales gain for October.

The national average price of gasoline fell 33 cents to end October at $3 a gallon and dropped to $2.98 Monday, according to AAA. That marks the first time in four years that gas has been cheaper than $3 a gallon, and it helped boost sales of SUVs and pickup trucks.

GM said its Chevrolet Silverado and GMC Sierra pickup trucks both posted gains above 10 percent. The company sold nearly 50,000 Silverados alone.

But GM's overall U.S. sales rose just 0.2 percent to 226,819. Chevy Cruze compact car sales were up 51 percent, largely due to increases in fleet sales to governments and rental car companies. But other high-volume cars faltered. The midsize Chevy Malibu was off 29 percent, while Impala sales fell 9 percent.

Ford's car sales declined 11.5 percent to 188,654, but SUV sales were strong. Sales of the Escape small SUV jumped 12 percent while sales of the Explorer midsize SUV rose 6 percent. Ford's truck sales were flat compared with last October.

Chrysler said its U.S. sales rose 22 percent to 170,480 for its best October since 2001, while both Nissan and Honda posted their best October ever. Nissan sales were up 13 percent over a year ago, while Honda's rose nearly 6 percent.

Nissan said low gas prices and high consumer confidence pushed up sales across most of its model lineup. The University of Michigan said Friday that consumer confidence reached a seven-year high in October.

"We expect that these factors will continue to boost auto sales for the last two months of 2014." said Fred Diaz, Nissan's U.S. sales and marketing chief.

The Japanese automaker said its Nissan and Infiniti brands sold just over 103,000 cars and trucks last month. Nissan sales rose almost 15 percent while the Infiniti luxury brand was down 1 percent. Nissan was led by the Rogue small crossover SUV, with sales up almost 14 percent.

At Chrysler, the red-hot Jeep brand led the way with a 52 percent increase over a year ago. The company sold nearly 16,000 Cherokees as the small SUV again unseated the Grand Cherokee as the brand's top seller. Ram pickup sales continued to be strong, up 33 percent for the month.

Honda said its sales rose to 121,172. Honda brand sales were up 5.5 percent, while luxury Acura brand sales rose 8 percent on thanks to demand for the new TLX sedan.

Sales of Honda's best-seller, the CR-V small crossover SUV, jumped 30 percent to 29,257, while sales of the recently redesigned Fit subcompact were up 83 percent. But sales of the Civic small car dropped 12 percent as buyers generally sought bigger cars and crossovers.

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