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Posts Tagged ‘chrysler sales’

Fiat Chrysler Hopes to Boost Global Production by 25%

CEO Marchionne aiming for 6 mil target by 2018.

by on Apr.02, 2014

FCA CEO Sergio Marchionne has big plans in mind for the newly-merged company.

Automakers often talk about economies of scale – a moving target in an industry where industry giants like Toyota Motor Co., General Motors and Volkswagen AG are all shooting to reach 10 million annual sales during the next year or so.

By comparison, Fiat Chrysler Automobiles is little more than an also-ran, with a total worldwide sales volume of “just” 4.4 million vehicles last year, and a goal of 4.6 million in 2014. But with the company’s formal merger of its U.S. and Italian operations now complete, CEO Sergio Marchionne has some big aspirations.  He is targeting a nearly 25% increase in production over the next four years.

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“By 2018, Fiat will be able to make more than 6 million cars,” Marchionne said after a shareholders’ meeting in Turin, where the Fiat side of the company is headquartered. “I don’t want to give any details of the plan, but we are going in that direction.”

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Chrysler Small Car Sales Slide

Maker hopes to boost demand with special editions.

by on Mar.10, 2014

Fiat hopes the 1957 Edition will help boost demand for the little 500 model.

It’s been a cold, cruel winter for the auto industry, even makers like General Motors and Toyota struggling to maintain momentum in the marketplace.  Chrysler has been one of the few automakers to remain in the black so far – but while demand has been strong for models like the Ram 1500 pickup and Jeep Cherokee, sales have been sliding like a muscle car on ice when it comes to some of the Detroit firm’s smallest passenger cars.

Demand for the once-promising Dodge Dart, in particular, has been weak enough to force a temporary shutdown of Chrysler’s Illinois assembly plant.

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The downturn is all the more striking when one considers that sales of utility vehicles and light-duty trucks have helped lift the Chrysler Group to year-over-year sales increases for 47 consecutive months — one of the longest streaks in the car business — even as rivals such as General Motors, Ford, Toyota, Honda and Hyundai lost ground.

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Altima Takes Car Sales Lead from Camry in February

Nissan, Chrysler enjoy strong sales due to SUVs.

by on Mar.03, 2014

The Nissan Altima took over the car sales lead in February outselling Toyota Camry and Honda Accord.

The cold February weather that settled across the nation set the stage for something of a revolution in showrooms across the country as the Nissan Altima replaced the Toyota Camry and Honda Accord as the best-selling passenger car in the U.S.

The final sales totals for the month of February showed Nissan selling a total of 30,849 Altimas, an increase of 11.3%. Sales of the Toyota Camry, the most popular car in America for more than a decade, fell 7.3% to 28,998 units, while sales of the Honda Accord fell 12% to 24,622.

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The decline in sales of the Camry and Accord also undercut the overall sales results for Toyota and Honda. Toyota sales slipped 4.3% despite and Honda’s fell 7% despite strong utility vehicle sales for both makers. (more…)

February Brings Automakers Mixed Sales Results

GM, Ford, Toyota, VW slump, while FCA, Nissan rise.

by on Mar.03, 2014

Jeep sales were up 47% in February, helping FCA to an double-digit jump overall for the month.

The chill of a cold February spread to new vehicle sales, but makers increased incentives to try to heat up sales in the second half of the month, setting the stage for stronger sales heading into the spring selling season.

General Motors, Ford, Toyota and Volkswagen all reported sales declines for February as inclement weather over much of the country reduced showroom traffic.

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However, Fiat Chrysler Automobiles (FCA), Porsche and Nissan posted double-digit sales increases thanks to strong sales of sport utility vehicles. FCA’s Chrysler Group posted an 11% increase compared, while Nissan said sales increased 15%. (more…)

Bad Weather Puts a Freeze on January Car Sales

Economic concerns also played a role.

by on Feb.03, 2014

Chrysler was one of the few makers to shake off the January freeze with products like this 2014 Ram 1500.

The record cold weather that has swept across much of the U.S. in recent weeks has apparently put car sales in the deep freeze – a situation analysts suggest was worsened by the slide in stock prices that has again raised concerns about the nation’s on-again/off-again economic recovery.

While a few manufacturers were able to buck the downward trend, key makers including General Motors and Volkswagen saw sales tumble last month.  And the industry, on the whole, saw average transaction prices – the amount consumers actually paid after factoring in incentives and options – slide after months of reaching new records.

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“Given the difficult weather in our largest sales regions, we are fortunate to have held in at retail as well as we did,” said John Felice, vice president of marketing, sales and service for Ford, which experienced a 7% decline in sales during January.

“In areas where the weather was good, such as in the West, sales were up,” Felice added, noting, “The poor weather also had an impact on the timing of some of our fleet deliveries. A bright spot is Lincoln, which had its strongest sales in four years.”

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Chrysler Earnings Quadruple in Q4

Maker Reports $1.8 billion earnings for all of 2014.

by on Jan.29, 2014

The belated launch of the 2014 Jeep Cherokee helped buoy Chrysler's Q4 earnings.

Chrysler Group more than quadrupled its earnings for the final quarter of 2014 — in part due to a huge one-time tax gain, but also due to a surge in U.S. car sales.

The smallest of the domestic makers this morning reported net income of $1.62 billion for the fourth quarter, a figure including a $962 million one-time tax benefit.  Even without that boost Chrysler would have come in 74% ahead of the final quarter of 2012.  For the full year, meanwhile, the maker earned $1.8 billion after excluding one-time gains, a 9% bounce over all of 2012.

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The full-year earnings were Chrysler’s best since it exited Chapter 11 bankruptcy protection in 2009.

“The 2013 year-end financial results reflect the commitment Chrysler Group has made to rapidly refresh our product lineup with vehicles that achieve exacting performance standards,” Sergio Marchionne, CEO of both the Chrysler Group and Fiat SpA, said in a statement.

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Chrysler Taking Aim at 2 Million Sales Target

Auto leaders expect industry sales in 16-million range.

by on Jan.17, 2014

Brand CEO Reid Bigland said Chrysler is aiming to blow past 2 million in sales in 2014.

Chrysler Group is looking at another sales increase in January, according to the company’s top sales executive.

Reid Bigland, head of sales for the Chrysler Group, said during an interview at the North American International Auto Show that Chrysler expects to chalk up another sales increase this month.

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“We think we’ll have our 46th (consecutive) monthly sales increase in January,” Bigland said. “The steady increase in sales for Jeep Cherokee is providing Chrysler with a lift.” (more…)

U.S. Auto Sales Jump Double Digits for October Despite Shutdown

Sales soft early in month, but saw rebound in second half.

by on Nov.01, 2013

Ford Fusion sales jumped 71% in of October while the automaker saw an overall increase of 13.9%.

Despite early concerns in the wake of the U.S. government shutdown, U.S. auto sales returned to form in October with most automakers reporting sales increases despite the 16-day stalemate in Washington early in the month.

With a few makers yet to report in, sales are expected rise between 11.7% and 13%, according to a variety of estimates. Most of the makers reported that sales were slow early in October, but began hopping after the issue was settled — at least temporarily.

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The Detroit Three was led by General Motors Co. and its 16% increase over last October. The maker delivered 226,402 vehicles with Chevrolet, Cadillac and Buick-GMC performing well, according to Kurt McNeil, vice president, U.S. sales operations, in a statement. (more…)

Parts Shortages Could Cripple Auto Market Rebound

After recession, suppliers racing to rebuild capacity.

by on Aug.12, 2013

The 2014 GMC Sierra 1500 Denali gets a new face, upgraded interior and more power and it's one of many new vehicles buyers are flocking to showrooms to buy.

The good news is that American motorists are racing back to showrooms at a far faster pace than even industry optimists had anticipated at the beginning of the year. The bad news is that automakers are struggling to keep up with that burgeoning demand – and part of the problem is that after years of cutbacks and bankruptcies, industry suppliers can barely keep up.

That could be particularly troubling for Detroit makers who made some of the biggest cutbacks in capacity during the Great Recession only to find that they can’t keep up with consumers as they return to showrooms.

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“It’s amazing if you look at the change,” says Mustafa Mohatarem, General Motors’ chief economist. “At the beginning of the year people were asking do you have too many truck. Now we’re being asked are you sure you are going to have enough?” (more…)

Strong Truck Sales Drive Solid June

Records made and broken.

by on Jul.02, 2013

Pickups, including import models like the Toyota Tundra, helped drive strong June sales.

Strong demand for pickups and other light trucks helped deliver the best June the auto industry has seen since the beginning of the long U.S. recession – several makers reporting their best sales ever.

While industry officials acknowledged the “volatility” of the economy could yet deliver a setback – much as Wall Street traders experienced last month, the general mood is growing increasingly upbeat with June sales numbers solidly exceeding most analysts’ full year forecast.

“While we are cautious in terms of the economic outlook, we expect our sales pace to remain steady in the second-half of the year,” said Jonathan Browning, CEO of the Volkswagen Group of America.

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VW was, in fact, one of the few brands to report a downturn for the month, though that came after a strong surge earlier this year that saw the German maker post its best numbers since the era of the original Volkswagen Beetle. And while the VW brand itself fell 3.2% for the month, the sibling Audi brand reported a record June  and its 30th consecutive month of increases.

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