Posts Tagged ‘jeep sales’
Retooling in U.S. may cost some sales while China, Brazil expected to be strong.
by Joseph Szczesny on Feb.22, 2017
FCA is moving production of the Jeep Cherokee from Ohio to Illinois as part of its production overhaul.
After a long run up in sales, Jeep sales in the United States will probably be flat or down slightly this years as Fiat Chrysler Automobiles N.V. pulls back from sales to rental car fleet and moves through a series of new product launches that require closing key plants for model changes.
However, Mike Manley, head of Jeep Brand, also said that the Jeep brand could still post a modest sales increase in Europe, China and South America, particularly in Brazil.
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In China, for example, sales of Jeep branded vehicles increased by 131% last years to more than 147,000 vehicles. Manley said he expects another big increase in Jeep sales in China this year since it will have three different vehicles, the Cherokee, the Renegade and the new Compass, available for Chinese customers. Jeep will also have the capacity to build 350,000 units in China and could build more as demand increases. (more…)
Tags: FCA global sales, FCA news, Jeep U.S. sales down, Jeep manufacturing plans, Jeep retooling, Jeep retooling plants, Jeep sales Brazil, Jeep sales China, Jeep sales Europe, TheDetroitBureau.com., auto news, jeep news, jeep sales, joseph szczesny, new Jeep pickup, thedetroitbureau
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Major product realignment set to take place.
by Paul A. Eisenstein on Jan.27, 2016
Jeep was one of the few real bright spots for Fiat Chrysler last year, especially in the US.
Fiat Chrysler Automobiles fourth quarter earnings tumbled by 40%, to $2.2 billion, during the fourth quarter, and for the full-year – a decline would have been even more severe without the contribution of exotic sports carmaker Ferrari, which FCA recently spun off.
The automaker’s results were hammered by slowing global sales, especially in both Latin America, though it did finally get its Jeep brand back into contention with the opening of a new assembly plant in China. And Jeep again scored well in the U.S. where plunging oil prices have spurred a surge in demand for utility vehicles.
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The earnings report was released just hours before FCA CEO Sergio Marchionne was set to reveal a product shake-up designed to adjust to changing global market conditions, including the slowdown in the long-booming Chinese market. Among other things, that is likely to mean a slower ramp-up for the long-struggling Alfa Romeo brand, with more emphasis on Jeep and other truck and utility vehicle lines.
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Tags: FCA earnings, FCA news, Fiat Chrysler earnings, Sergio Marchionne, alfa romeo sales, auto news, car news, chrysler news, fca 2015 earnings, fca earns, ferrari spin-off, fiat chrysler news, fiat chrysler profit, jeep sales, maserati levante, paul a. eisenstein, paul eisenstein, thedetroitbureau
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Europe, Middle East, Africa bolster global results.
by Joseph Szczesny on Jan.22, 2016
Jeep posted a 25% sales increase in 2015, led by the success of the Renegade in the EMEA markets.
Full-year Jeep brand sales were up 25% in 2015 for its best annual U.S. sales ever. It was the Jeep brand’s sixth-straight year of annual sales growth. In addition, the Wrangler, Cherokee, Compass and Patriot each posted their best annual U.S. sales ever. The Grand Cherokee had its best annual sales in 10 years. Jeep also posted a 41% sales increase in Canada and posted record sales in Mexico.
However, Jeep’s biggest sales gains came beyond North America as overall sales of Jeeps topped 1.1 million units, according to figures released by Fiat Chrysler Automobiles N.V. During 2015, the Jeep brand set all-time sales record in Europe, Middle East, Africa with 117,620 units sold and volumes were up by 55.7% in comparison with 2014.
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Since 2009, Jeep sales have tripled in EMEA, with the region currently ranking second in terms of volume after North America, with a share of 10% of the brand’s global sales, compared with 7% in 2014, FCA reported. (more…)
Tags: 2015 Jeep global sales, Jeep EMEA sales, Jeep Europe sales, Jeep North America sales, Jeep Renegade records, Jeep sets sales records, Jeep worldwide sales, TheDetroitBureau.com., auto news, jeep news, jeep sales, joseph szczesny, thedetroitbureau
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Company struggles with Wrangler production issues.
by Joseph Szczesny on Jun.29, 2015
FCA is struggling with what to do about increasing the production capacity of the Wrangler's long-time home plant in Toledo, Ohio.
Sales of Jeep-branded vehicles are on track to hit roughly 1.2 million this year, according to the FCA U.S. executive responsible for the nameplate.
Michael Manley, president of the Jeep brand, noted that Jeep sales have increased by 20% so far this year, after topping 1 million units for the first time ever in 2014. The plants belonging to FCA U.S., formerly the Chrysler Group, building vehicles such as the Jeep Grand Cherokee and Wrangler are having difficulty keeping up with the demand from customers, he told reporters at the company’s proving grounds in Chelsea, Michigan.
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Sales of the Jeep Cherokee, which was introduced last year, and the sales of the Jeep Renegade introduced this past spring are also doing well in the U.S. The Renegade is proving very popular with European customers and sales of other Jeep products also remain strong in Europe. (more…)
Tags: Grand Cherokee sales, Jeep 1.2 million sales, Jeep Brazil sales, Jeep China introduction, Jeep Europe sales, Jeep Grand Cherokee plans, Jeep Wrangler production, Jeep in China, TheDetroitBureau.com., Toledo Ohio plant, Wrangler Toledo plant, auto news, jeep news, jeep sales, jeep wrangler, joseph szczesny, thedetroitbureau
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Marchionne rewarded for success with $8 million earnings.
by Joseph Szczesny on Mar.06, 2015
Sergio Marchionne earned more than $8 million in 2014 in salary and other compensation.
After rolling up sales of more than 1 million units in 2014, the Jeep brand is off to a fast start in 2015 as it records increases of more than 20% for the first two months of the year despite getting drubbed by Consumer Reports.
Moreover, the newest member of the Jeep family, the Jeep Renegade, is just beginning to reach dealers and showrooms in the next several weeks. “They’re outside the fence,” noted Art Anderson, FCA US chief engineer and vehicle line executive for the Renegade, during an interview webcast on AutoLine’s “After Hours” program this week.
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The Renegade is the first Jeep vehicle produced outside the U.S. and while FCA US executives insist the launch is on schedule, Anderson acknowledged the ships carrying the first batch of Renegades from Italy to the west did run into some foul weather. However, the ship was unloaded in timely manner once it reached San Diego, he said. (more…)
Tags: Jeep 1 million units, Jeep Consumer Reports, Jeep Renegade sales, Jeep Wrangler sales, Jeep robust sales, Jeep roster growth, Jeep success, Marchionne earns, Marchionne news, TheDetroitBureau.com., auto news, jeep news, jeep sales, joseph szczesny, marchionne salary, thedetroitbureau
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But U.S. operations also drove revenue growth.
by Paul A. Eisenstein on Jan.28, 2015
FCA Chief Executive Sergio Marchionne's acquisition of Chrysler carried a high cost last year.
When it comes to the American half of its newly merged company, investors will have to decide whether the glass is half empty for Fiat Chrysler Automobiles.
That’s because the cost of completing the acquisition of suburban Detroit-based Chrysler bludgeoned the trans-Atlantic maker’s earnings. But the Chrysler side also delivered a healthy 11% increase in FCA’s overall revenues.
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Legally headquartered in the Netherlands, Fiat Chrysler is reporting that its 2014 net profit fell by two-thirds, to 632 million Euros, or $718 million. For 2013, the maker had a restated net of 1.9 billion Euros. For the final quarter of 2014, the maker earned 420 million Euros, down from 1.2 billion during the same period in 2013.
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Tags: FCA earnings, Fiat Chrysler earnings, Fiat-Chrysler, Sergio Marchionne, auto news, car news, chrysler acquisition, chrysler merger, chrysler sales, fca profit, jeep sales, paul a. eisenstein, paul eisenstein, thedetroitbureau
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Jeep’s Manley expects big results from little Jeep.
by Joseph Szczesny on Jan.20, 2015
The Jeep Renegade - shown here at its Geneva debut - will be a critical piece of FCA's global focus.
The new Jeep Renegade holds the key to the brand’s global expansion.
Mike Manley, president of the Jeep brand, said that Jeep sales have tripled during the past five years expanded by revitalizing and renewing the existing product portfolio. The sales growth surprised many observers who thought it was unlikely or even impossible for Jeep to sell 1 million vehicles, the target set out in the first five-year plan laid out by Fiat Chrysler Automobiles chief executive officer Sergio Marchionne last January.
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The Renegade, however, represents a genuine expansion of Jeep portfolio, Manley said. It also represents Jeep’s coming of age as a true global brand. (more…)
Tags: Jeep’s Mike Manley, Jeep’s small SUV, Renegade news, Renegade sales, TheDetroitBureau.com., auto news, jeep news, jeep renegade, jeep sales, joseph szczesny, new Renegade, new small SUV, small SUV sales, thedetroitbureau
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Brand’s sales up more than 40% through November.
by Joseph Szczesny on Dec.29, 2014
Jeep sales were up 44% through November. The Renegade is helping push Jeep toward sales of 1 million units in 2014.
Global sales of the Jeep brand are expected to top 1 million units for the first time ever when the numbers are added up by Fiat Chrysler next week. However, the company isn’t resting on its laurels, FCA is charging ahead with ambitious plans for the future.
FCA Chief Sergio Marchionne laid out the goal of 1 million units for Jeep during the Detroit Auto Show at the beginning of 2014. Through November, the brand’s sales are up 44%, which puts it on track to hit the mark.
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In fact, the company’s massive plant in Toledo, Ohio, hit an all-time production high this year, surpassing 500,000 vehicles built just a couple of weeks ago. While much of the news from Jeep has been good, the brand has come under some new criticism from Consumer Reports. The Jeep Wrangler Unlimited wound up at the bottom of CR’s New-Car Value ratings. (more…)
Tags: FCA Chief Sergio Marchionne, FCA news, Jeep 1 million sales, Jeep 1 million units, Jeep Toledo production record, Jeep global sales, TheDetroitBureau.com., auto news, global sales Jeep, jeep brand, jeep news, jeep sales, jeep sales record, joseph szczesny, new Jeeps, thedetroitbureau
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Increased sales, better pricing helps maker to strong result.
by Joseph Szczesny on Aug.06, 2014
Jeep is the fastest growing brand in the U.S., according to Chrysler Group, and played a central role in its strong second quarter.
Chrysler Group LLC, which is now part of Fiat Chrysler Automobiles, rode a steady increase in sales to 22% increase in net income during the second quarter.
Net income for the second quarter totaled $619 million for the quarter, compared to $507 million in the year-ago quarter, the Chrysler group said in its preliminary financial report for the second quarter and first half of 2014.
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Net revenue for the second quarter was $20.5 billion, up 14% from $18 billion a year ago. Net revenue for the first half of the year was $39.4 billion, compared with $33.4 billion a year ago. Increased shipments of vehicles such as the Ram pickup and the all-new Jeep Cherokee drove the year-over-year improvements. Jeep is also now the fastest growing brand in the auto industry. (more…)
Tags: Chrysler Group, Chrysler Group news, Chrysler quarterly earnings, Chrysler reports, Fiat Chrysler Automobiles, Fiat-Chrysler, TheDetroitBureau.com., auto news, chrysler cash, chrysler earnings, chrysler profits, chrysler sales, fiat chrysler news, jeep sales, joseph szczesny, thedetroitbureau
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Strong Cherokee, Wrangler sales necessitate additions.
by Michael Strong on Mar.11, 2014
The demand for Jeep Cherokees and Wranglers has forced Chrysler to add as many as 1,000 part-time employees.
The fits and starts of production of the new Jeep Cherokee in Toledo have now morphed into a torrent of SUVs that in conjunction with a similar demand for the Wrangler have forced the maker to add 1,000 part-time employees.
The Toledo, Ohio plant where the two vehicles are built are adding these additional workers because the full-time employees are working as much as 60 hours a week, according to published reports.
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“Our people have been working a tremendous amount of hours,” plant manager Chuck Padden told the Toledo Blade. “To get them more time off is important to us, to make sure they’re refreshed, and can work safely.” (more…)
Tags: Chrysler's Toledo plant, Jeep Cherokee sales, Jeep Wrangler sales, Jeep part-time employees, TheDetroitBureau.com., Toledo plant, Toledo plant news, chrysler, jeep news, jeep sales, jeep toledo, michael strong, thedetroitbureau
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