Top US auto safety regulator says Fiat Chrysler will face sanctions for
“Strong retail momentum continues building for our newest vehicles – including F-150, Mustang, Edge, and now Explorer”.
The price of transactions rose 3.8% YOY in May thus amounting to $34,352.
A press statement issued by the Chief Minister’s office said that by 2018, FCA could double its production capacity to 2.45 lakh vehicles per year. Sales of Chrysler 200 are up to 136% with brand sales up to 21%. “They’ll be action soon after the docket closes”, said NHTSA Administrator Mark Rosekind said.
The company’s sales were powered by its Jeep brand, whose Patriot and Cheeroke sales enjoyed strong demand, rising by a quarter to 71,529 vehicles. The firm has annual sales growth for the past five year of 8.30%. Lincoln was up 15 percent. GM gained in truck market share however, led by the success of Chevrolet Silverado and GMC Sierra full-size pickups. The MKS fell 13 percent to 525 units. The Chrysler brand’s 28 percent increase was the largest sales gain of any FCA U.S. brand during the month. Sales slid 14 percent at Dodge – their fifth straight double-digit decline – and 30 percent at Fiat. Ford sold 11,719 Mustangs, a 54 percent gain and the performance cars best June since 2007. The company’s light-truck volume rose 6 percent. The company sold 999 Lincoln Navigators, a gain of 39 percent.
“We are pleased that this investment will strengthen FCA presence in India and are confident in the ability of the joint venture to produce world class products like those carrying the legendary Jeep nameplate”, Mr. Marchionne said.
Detroit’s Big Three automakers are reporting mixed sales results for last month. Audi’s US sales have also risen 68 straight months.
Total Ford SUV sales equaled 64,885.
A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, according to data released on Thursday.
Sales of the redesigned Sedona soared to a 707 percent increase over June 2014.
Mercedes-Benz, Kia Motors, and Hyundai all saw record sales too, while Mazda logged their best June in 13 years. Volvo’s US deliveries rose by 2 vehicles to 5,985. Kia, for example, was offering zero-percent financing for up to 66 months and up to $1,500 on Optima and Forte sedans. It’s part of a nationwide summer sale at Kia. The watchdog has been blasted by lawmakers and government auditors for long-running internal weaknesses that they say prevented the agency from moving quickly against deadly defects including faulty General Motors Co ignition switches. Vehicles covered by the promotion are 2015 Scions and the Toyota Prius, Corolla, Avalon, Camry, Sienna, Tundra and Venza.
The Wall Street Journal reported that it was Fiat Chrysler’s 63 consecutive month of sales improvement as consumers bought 185,035 units in June, higher than 171,086 a year ago.