Marchionne: Chrysler Will Sell Better in November

Chrysler posted total US sales of 62,197 units, a decrease of 42 percent versus September 2008. But Sergio Marchionne, the new Chrysler CEO who joined the company as part of the alliance with Fiat, said these figures are still irrelevant and asked for patience as the US manufacturer will return better sales starting with November.

"September is not an indication of future performance, I’m not apologizing for it, it is the consequence of a number of actions that were taken in the past, all of which have culminated in the month of September – you may see similar numbers in October, I don’t know," he said in a statement for the press.

Chrysler closed the month of September with 138,456 vehicles in inventory, which represents a 56-day supply, according to official figures. Inventory is down 64 percent as compared to September 2008 when it totaled 381,365 units.

"On the issue of Chrysler I think that one of the things you need to be absolutely careful about is that when you start looking at market share data, for any of the automotive producers in the U.S., there are a number of things that have impacted on market share, volumes in the month of September," he added.

"The machine is timed, we’re not bleeding as people think we are, the level of cost consciousness at this house is probably at a historical high, the real important issue is to try and build a future. And I would just ask you to wait until November and you can see it. The future is a lot a lot better than the market share in September would indicate."