Chrysler Group, owner of the Jeep and Dodge brands, reported Tuesday that June sales dropped on continuing slower sales of its larger vehicles.
The company said sales dropped 1.4 percent to 183,347 vehicles, from 185,946 vehicles a year earlier.
Chrysler's parent company, DaimlerChrysler AG (NYSE: DCX), also saw sales slide, with a decline of 1.8 percent from the month. The companyâ€™s Mercedes division saw a 5.8 percent lower revenues.
The company, which derives more than half of its revenue from lucrative truck and SUV sales, has been hit hard by rising gasoline prices. Consumers have been turning their focus to more fuel-efficient passenger cars and hybrids.
Sales of large pickups are have also been affected by the downturn in the housing market, including lower construction spending.
DaimlerChrysler is in the process of selling its struggling Chrysler division to private equity firm Cerberus Capital Management.