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New Sedans Selling Well for Chrysler, GM, Ford

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From Bloomberg News

General Motors Corp., Ford Motor Co. and DaimlerChrysler’s Chrysler Group are getting higher prices and faster sales from 10 new models than from those they replaced, J.D. Power & Associates said.

The new sedans -- including the Chrysler 300, Ford Five Hundred and GM’s Pontiac G6 and Buick LaCrosse -- sold for 25% more in March than the models they replaced, Power said, citing dealership data. The cars, introduced in the last 15 months, sold from dealer lots 45 days sooner, and rebates on them were 30% lower than on previous models.

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