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By William Maley
FCA US Reports 2018 March Sales
FCA US reports best March retail sales in 17 years Jeep® brand reports best month of total sales ever Jeep Wrangler reports best month of total sales ever Ram Light Duty retail sales increased 8 percent April 3, 2018 , Auburn Hills, Mich. - FCA US LLC today reported March 2018 sales of 216,063 vehicles, a 14 percent increase compared with sales in March 2017 of 190,254 vehicles.
The company reported retail sales of 162,304 vehicles, up 11 percent from March 2017. It was the best month of March retail sales since the company sold 170,545 vehicles in March 2001. Total sales were the highest since March 2006 when the company sold 216,865 vehicles. Fleet accounted for 25 percent of overall sales.
Jeep® Brand
Jeep brand total sales rose 45 percent in March to 98,382 vehicles for its best month ever. The Jeep Wrangler led the group as sales rose 70 percent to 27,829 vehicles. It was the best month of sales ever for the nameplate, eclipsing the May 2015 record of 22,615 vehicles. Jeep Cherokee sales increased 63 percent to 23,764 vehicles for its best March sales ever.
Ram Truck Brand
Ram Truck brand sales declined 13 percent to 44,878 vehicles compared with the previous year. However, retail sales of the Ram Light Duty pickup truck rose 8 percent to 26,050 vehicles. The new 2019 Ram 1500 pickup truck began shipping to dealers in the second half of the month. The truck is being produced at the Sterling Heights Assembly Plant in Michigan.
Chrysler Brand
Chrysler brand total sales rose 15 percent in March to 19,499 vehicles compared with the same month a year ago. The Chrysler Pacifica minivan posted a 40 percent sales increase while the Chrysler 300 rose 25 percent.
Dodge Brand
Dodge brand total sales declined 2 percent to 49,184. Sales of the Dodge Challenger rose 31 percent to 8,150 vehicles.
FIAT Brand
Sales of Fiat declined 47 percent to 1,544 vehicles.
Alfa Romeo Brand
Alfa Romeo brand sales of 2,576 vehicles were up significantly compared with the same month a year ago. Giulia led the brand with 1,284 sales followed by Stelvio at 1,270 vehicles.
FCA US LLC Sales Summary March 2018
Month Sales
Vol %
CYTD Sales
Vol %
Model
Curr Yr
Pr Yr
Change
Curr Yr
Pr Yr
Change
Compass
17,302
2,651
553%
43,520
8,552
409%
Patriot
100
5,968
-98%
364
16,180
-98%
Wrangler
27,829
16,336
70%
55,504
41,311
34%
Cherokee
23,764
14,589
63%
50,610
40,755
24%
Grand Cherokee
19,616
20,374
-4%
53,448
56,600
-6%
Renegade
9,771
8,065
21%
24,659
25,345
-3%
JEEP BRAND
98,382
67,983
45%
228,105
188,743
21%
Ram P/U
41,307
46,384
-11%
103,964
119,199
-13%
Cargo Van
0
0
0%
0
0
ProMaster Van
2,451
4,048
-39%
6,457
10,047
-36%
ProMaster City
1,120
1,317
-15%
3,233
3,333
-3%
RAM BRAND
44,878
51,749
-13%
113,654
132,579
-14%
200
189
2,565
-93%
659
6,620
-90%
300
6,223
4,969
25%
12,992
15,063
-14%
Town & Country
1
95
-99%
3
341
-99%
Pacifica
13,086
9,340
40%
32,579
25,052
30%
CHRYSLER BRAND
19,499
16,969
15%
46,233
47,076
-2%
Dart
87
1,578
-94%
252
4,658
-95%
Avenger
0
0
100%
1
0
Charger
8,504
8,236
3%
21,265
22,319
-5%
Challenger
8,150
6,225
31%
17,648
15,725
12%
Viper
6
71
-92%
9
178
-95%
Journey
10,275
11,858
-13%
18,419
34,400
-46%
Caravan
16,292
15,602
4%
43,144
40,054
8%
Durango
5,870
6,506
-10%
16,233
16,729
-3%
DODGE BRAND
49,184
50,076
-2%
116,971
134,063
-13%
500
439
1,671
-74%
1,309
4,020
-67%
500L
173
106
63%
395
284
39%
500X
607
726
-16%
1,579
1,966
-20%
Spider
325
419
-22%
731
961
-24%
FIAT BRAND
1,544
2,922
-47%
4,014
7,231
-44%
Giulia
1,284
484
165%
3,085
965
220%
Alfa 4C
22
71
-69%
54
141
-62%
Stelvio
1,270
0
New
2,653
0
New
ALFA ROMEO
2,576
555
364%
5,792
1,106
424%
FCA US LLC
216,063
190,254
14%
514,769
510,798
1%
Total Car & MPV
54,781
51,432
7%
134,126
136,381
-2%
Total UV's
116,404
87,073
34%
266,989
241,838
10%
Total Truck & LCV
44,878
51,749
-13%
113,654
132,579
-14%
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By William Maley
Geely Automotive's chairman Li Shufu made headlines last week by dropping $9 billion for 9.69% stake in Daimler AG, making him the biggest shareholder in Mercedes-Benz's parent company. This follows a trend by Geely in buying automakers (Volvo in 2010, a 51 percent stake in Lotus last year). But a new report from Bloomberg reveals Shufu had his eye on a possible bigger prize.
Last year, Shufu approached Fiat Chrysler Automobiles about "a potential takeover". According to people familiar with the matter, Geely and FCA held informal talks. Nothing would come to fruition however as the two disagreed on how much FCA would be worth after the completion of the current five-year plan - expected to end this year. At the time of Bloomberg's report, FCA had a market cap value of 27 billion euros (about $33 billion).
FCA and Geely declined to comment on Bloomberg's report.
Back in August, Automotive News broke the news that various Chinese automakers were interested in possibly acquiring FCA. In fact, one unnamed automaker submitted a bid, but was rejected by FCA for being to low. At the time, Automotive News didn't mention the automaker in question, but Bloomberg's report possibly puts Geely as the one.
Later that month, Chinese automaker Great Wall said they were interested in purchasing Jeep, although plans for this would fall apart.
Source: Bloomberg
View full article
-
By William Maley
Geely Automotive's chairman Li Shufu made headlines last week by dropping $9 billion for 9.69% stake in Daimler AG, making him the biggest shareholder in Mercedes-Benz's parent company. This follows a trend by Geely in buying automakers (Volvo in 2010, a 51 percent stake in Lotus last year). But a new report from Bloomberg reveals Shufu had his eye on a possible bigger prize.
Last year, Shufu approached Fiat Chrysler Automobiles about "a potential takeover". According to people familiar with the matter, Geely and FCA held informal talks. Nothing would come to fruition however as the two disagreed on how much FCA would be worth after the completion of the current five-year plan - expected to end this year. At the time of Bloomberg's report, FCA had a market cap value of 27 billion euros (about $33 billion).
FCA and Geely declined to comment on Bloomberg's report.
Back in August, Automotive News broke the news that various Chinese automakers were interested in possibly acquiring FCA. In fact, one unnamed automaker submitted a bid, but was rejected by FCA for being to low. At the time, Automotive News didn't mention the automaker in question, but Bloomberg's report possibly puts Geely as the one.
Later that month, Chinese automaker Great Wall said they were interested in purchasing Jeep, although plans for this would fall apart.
Source: Bloomberg
-
By William Maley
More and more automakers are beginning to turn away from diesel due to demand for the fuel dropping and the rising costs of making engines compliant. The latest automaker that could be leaving the diesel fraternity is Fiat Chrysler Automobiles.
The Financial Times has learned from sources that FCA plans on eliminating diesel engines from their passenger vehicles by 2022. This will be announced during the reveal of FCA's new four-year plan expected to take place on June 1st. FCA will continue to utilize diesel engines in commercial vehicles (including Ram Trucks), though it is unclear for how long.
FCA declined to comment on this report when asked by Reuters.
Source: Financial Times (Subscription Required), Reuters via Automotive News (Subscription Required)
-
By William Maley
More and more automakers are beginning to turn away from diesel due to demand for the fuel dropping and the rising costs of making engines compliant. The latest automaker that could be leaving the diesel fraternity is Fiat Chrysler Automobiles.
The Financial Times has learned from sources that FCA plans on eliminating diesel engines from their passenger vehicles by 2022. This will be announced during the reveal of FCA's new four-year plan expected to take place on June 1st. FCA will continue to utilize diesel engines in commercial vehicles (including Ram Trucks), though it is unclear for how long.
FCA declined to comment on this report when asked by Reuters.
Source: Financial Times (Subscription Required), Reuters via Automotive News (Subscription Required)
View full article
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