DETROIT – Increased gross sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new car gross sales up 6.4% from a 12 months earlier.

The uptick is one other signal of demand for brand spanking new autos rebounding, as inventories of automobiles and vehicles enhance from traditionally low ranges through the coronavirus pandemic and provide chain issues.

Stellantis’ gross sales improve is predicted to be among the many lowest of the second quarter, in line with auto trade forecasters who venture trade gross sales to have elevated 16% to 18% throughout that point in comparison with a 12 months earlier.

“We noticed elevated demand this quarter as market situations proceed to enhance and our supplier community makes the mandatory changes to drive gross sales development throughout our model portfolios,” Stellantis U.S. head of gross sales Jeff Kommor stated in a launch Monday.

Shares of Stellantis had been up about 1.5% after the information.

Gross sales of the Durango greater than tripled in comparison with subdued outcomes through the second quarter of 2022, whereas gross sales of the Pacifica minivan jumped 40% and gross sales of the Jeep Compass elevated 28%. A lot of the firm’s different autos skilled gross sales declines in comparison with a 12 months earlier.

Stellantis reported second-quarter gross sales of 434,648 autos, up from 408,521 automobiles and vehicles a 12 months earlier.

Cox Automotive just lately elevated its full-year new-vehicle gross sales forecast to fifteen million for the broader trade, a achieve of practically 8% from 2022, when gross sales completed at 13.9 million attributable to low stock ranges and inflated transaction costs.

Stellantis’ outcomes come after different legacy automakers reported second-quarter gross sales will increase, and electrical car makers Tesla and Rivian reported deliveries that topped analyst quarterly expectations.

Honda Motor and Nissan Motor on Monday each reported double-digit second-quarter gross sales will increase of roughly 45% and 33%, respectively, in comparison with a 12 months earlier. Hyundai Motor stated Saturday its gross sales from April by means of June had been up about 14% in comparison with a 12 months earlier.

Different automakers comparable to Normal Motors and Ford Motor are anticipated to report second quarter gross sales later this week.