Surprise: Fiat Chrysler reports 2 percent sales increase

(September 1, 2015) AUBURN HILLS, Mich. — Most prognosticators predicted Fiat Chrysler's 64-month run of increased sales would end in August, but they were proven wrong today as FCA reported U.S. sales of 201,672 units, a 2 percent increase compared with sales in August 2014 when198,379 units were sold, and the group’s best August sales since 2002.
 
The Jeep and Ram Truck brands each posted year-over-year sales gains in August compared with the same month a year ago. The Jeep brand’s 18 percent increase was the largest sales gain of any FCA US brand during the month. The group extended its streak of year-over-year sales gains to 65-consecutive months.

“In spite of a tough 2014 comparison and extreme stock market volatility, our dealer’s competitive spirit kicked in and propelled us to our 65th-consecutive month of year-over-year sales increases,” said Reid Bigland, head of U.S. Sales.

“Our Jeep brand turned in a double-digit increase while eight individual models, including four Jeep brand vehicles, set sales records. FCA US topped the 200,000-unit threshold in August for the second time this year.”
 
Eight FCA US vehicles set records in the month of August, including the Jeep Compass which posted the largest percentage year-over-year increase of any Jeep brand vehicle in the month. Sales of the Compass were up 58 percent, the compact SUV’s best sales month ever. In addition, the Jeep Wrangler, Jeep Cherokee, Jeep Patriot, Dodge Challenger, Dodge Journey, Ram pickup truck and Ram ProMaster van each recorded their best August sales ever.
 
FCA US finished August with a 74-day supply of inventory (571,290 units). U.S. industry sales figures for August are internally projected at an estimated 17.8 million units Seasonally Adjusted Annual Rate (SAAR).