Associated Press
11.03.2004

German carmaker DaimlerChrysler AG on Wednesday said its total U.S. vehicle sales grew 1.6 percent in October, with a slight rise in sales of Chrysler Group vehicles offset by waning demand at the Mercedes-Benz group.

The company sold 188,492 vehicles last month, up from 185,535 in the year-ago period. Sales from its Chrysler Group - which includes the Chrysler, Jeep and Dodge brands - gained 2.3 percent to 170,169 units.

Meanwhile, Mercedes-Benz sales slipped 4.9 percent to 18,323 vehicles from 19,273 last year.

In the year-to-date period, DaimlerChrysler posted sales of 2 million vehicles, an increase of 2.3 percent after adjusting for one extra selling day this year. Chrysler Group sales rose 2.7 percent to 1.8 million, while Mercedes-Benz sales declined 2 percent to 175,881.

In recent activity, shares of DaimlerChrysler rose 8 cents to $41.87 on the New York Stock Exchange.

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