CHRYSLER Group's net income has risen 22 per cent in the third quarter as strong sales of the Ram pickup and Jeep Grand Cherokee masked weaknesses elsewhere in its lineup.
Chrysler said on Wednesday that it earned $US464 million ($A490.82 million) in the July-September period. It was the Michigan-based company's ninth consecutive profitable quarter.
Worldwide vehicle sales for the third quarter were 603,000, up eight per cent from a year ago. The company's sales outside North America jumped 20 per cent to 82,000.
Overall, however, it was a lacklustre quarter in the US, where Chrysler does three-quarters of its business. Chrysler's sales rose 7.7 per cent, lagging the total industry increase of 12 per cent.
The Chrysler, Dodge, Jeep and Ram brands saw sales increases, but Fiat's US sales fell 7.5 per cent.
Chrysler didn't gain any US market share during the quarter.
The company delayed shipments of its new small SUV, the Cherokee, so it could fix issues with the vehicle's new nine-speed transmission. The Cherokee was supposed to go on sale in September, but Chrysler finally began shipping last week.
Booming sales of the Ram and Jeep Grand Cherokee, which were both recently updated, helped boost Chrysler's results anyway.
US sales of the Ram rose 23 per cent in the third quarter compared last year, and Chrysler also made more per truck, Kelley Blue Book said. Buyers paid an average of $US36,724 per truck in the third quarter, up 5.3 per cent from a year ago.
Jeep Grand Cherokee sales also rose 30 per cent, and buyers paid 9 per cent more, or $40,175 per vehicle, for the revamped SUV.
Chrysler reaffirmed its full-year guidance. The company expects a full-year profit of between $US1.7 billion and $US2.2 billion on revenue of between $US72 billion and $US75 billion.
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