Fiat Chrysler reports April U.S. sales down 6% to 172,900 vehicles.
FCA sold 172,900 vehicles in the month compared to 184,149 vehicles for the same period a year earlier. Retail sales accounted for 129,382 vehicles and fleet accounted for 25 percent of total sales. On a year-to-date basis, fleet accounted for 27 percent of total sales. "April marks the start of the spring selling season and we anticipate strong consumer spending as we move through May," U.S Head of Sales Reid Bigland said. "The industry may be shaking off the first-quarter sluggishness, but shoppers are coming into showrooms and buying. We sold more than 300 Jeep Gladiators, which are now starting to arrive in showrooms across the country; and we expect our Gladiator count to continue to rise, reflecting both ongoing demand and the fulfillment of the 4,190 orders taken in early April for the 2020 Gladiator Launch Edition."
|Printer friendly Cite/link Email Feedback|
|Article Type:||Financial report|
|Date:||May 1, 2019|
|Previous Article:||FOMC resumed its meeting, with the policy decision due at 14 ET.|
|Next Article:||Fiat Chrysler says to start reporting quarterly U.S. sales starting October 1.|