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post #1 of 2 (permalink) Old 05-01-2019, 07:59 AM Thread Starter
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FCA US Reports April 2019 Sales

FCA US Reports April 2019 Sales; Quarterly Reporting of Sales to Start in Q3


Jeep® Grand Cherokee and Jeep Compass post new April sales records
Ram pickup notches best April ever as sales rise 25 percent
Overall Ram brand sales reach new high
FCA US to report sales quarterly starting Oct. 1


May 1, 2019 , Auburn Hills, Mich. -

FCA US LLC notched four U.S. sales records for April, highlighting consumer demand for the company’s brands despite continued softness within the industry.

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.

The Jeep® Compass and Jeep Grand Cherokee both reported April records as sales rose 10 percent and 23 percent, respectively. This was the second consecutive month Grand Cherokee set a record monthly high.

The Ram brand achieved its fourth consecutive month of record sales for the year, as April sales rose 25 percent to 53,811 vehicles. Ram pickup sales also had their second consecutive month of record sales with 49,106 vehicles sold.


"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."



FCA US and FCA Canada Will Move to Quarterly Reporting of Sales
After review, FCA US LLC will end its practice of reporting U.S. and Canada sales on a monthly basis following June results.

“A quarterly sales reporting cadence will continue to provide transparency of our sales results while at the same time aligning with where industry practice is heading,” said Niel Golightly, FCA’s Chief Communications Officer.

FCA US and FCA Canada will report monthly sales for May and June. The first quarterly report will occur on October 1, 2019, covering the months of July, August and September. FCA will continue to share certain sales data with third-party research firms, under appropriate confidentiality arrangements.

Method of Determining FCA US LLC’s Monthly Sales. FCA US’s reported vehicle sales represent unit sales of vehicles to retail customers, deliveries of vehicles to fleet customers and to others such as FCA US’s employees and retirees as well as vehicles used for marketing. Most of these reported sales reflect retail sales made by dealers out of their own inventory of vehicles previously purchased by them from FCA US. Reported vehicle units sales do not correspond to FCA US’s reported revenues, which are based on FCA US’s sale and delivery of vehicles, and typically recognized upon shipment to the dealer or end customer. As announced on July 26, 2016, FCA US has modified its methodology for monthly sales reporting as follows:

Sales to retail customers by dealers in the U.S. are derived from the New Vehicle Delivery Report (“NVDR”) system and are determined as the sum of (A) all sales recorded by dealers during the month net of all unwound transactions recorded to the end of that month (whether the original sale was recorded in the current month or any prior month); plus (B) all sales of vehicles during that month attributable to past unwinds that had previously been reversed in determining monthly sales (in the current or prior months).
Fleet sales are recorded upon the shipment of the vehicle by FCA US to the customer or end user.
Other retail sales are recorded either (A) when the sale is recorded in the NVDR system (for sales by dealers in Puerto Rico and limited sales made through distributors that submit NVDRs in the same manner as for sales by U.S. dealers) or (B) upon receipt of a similar delivery notification (for vehicles for which NVDRs are not entered such as vehicles for FCA employees).

About FCA US LLC

FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The Company also distributes Mopar and Alfa Romeo parts and accessories. FCA US is building upon the historic foundations of Chrysler Corp., established in 1925 by industry visionary Walter P. Chrysler and Fabbrica Italiana Automobili Torino (F.I.A.T.), founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli. FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. (NYSE: FCAU/ MTA: FCA).

This press release contains forward-looking statements. These statements are based on FCA’s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: volatility and deterioration of capital and financial markets, including possibility of new Eurozone sovereign debt crisis, changes in commodity prices, changes in general economic conditions, economic growth and other changes in business conditions, weather, floods, earthquakes or other natural disasters, changes in government regulation, production difficulties, including capacity and supply constraints, and many other risks and uncertainties, most of which are outside of FCA’s control.

Rick

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post #2 of 2 (permalink) Old 05-01-2019, 11:05 AM Thread Starter
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FCA Canada Reports 2019 April Sales

FCA Canada Reports 2019 April Sales

Dodge Durango sets all-time record
Jeep® Wrangler sets April record
Ram brand sales up 31 per cent
Jeep brand sales up 2 per cent

May 1, 2019 , Windsor, Ontario - FCA Canada today reported April 2019 sales of 20,802.

"Through the first four months of 2019, Ram light-duty pickup trucks and Jeep® Grand Cherokee continue to gain momentum in the Canadian market," said FCA Canada President and CEO Reid Bigland. "For the month of April, these two raised the bar even further with year-over-year sales growth of 21 and 80 per cent, respectively. Rounding out our top five performing vehicles were Ram heavy-duty trucks, Jeep Wrangler and Dodge Durango — all of which had significant year-over-year sales growth.”

Ram brand sales were up 31 per cent with 8,898 trucks sold in April 2019, compared with results from the same month one year ago. Ram light-duty truck sales were up 21 per cent, while Ram heavy-duty truck sales were up 122 per cent.


Jeep brand sales of 6,297 were up 2 per cent compared with April 2018 sales. Jeep Grand Cherokee led the year-over-year increase for the brand with sales of 1,776, up 80 per cent. Jeep Wrangler sales of 2,510 were up 21 per cent compared with 2,073 vehicles reported in April of 2018. These results earn Jeep Wrangler an April sales record.

Dodge Durango saw its sales more than triple from April of 2018, with 1,754 vehicles reported. These results represent an all-time record month for the popular three-row crossover.

FCA US and FCA Canada Will Move to Quarterly Sales Reporting
After a review, FCA US LLC has decided to end the practice of reporting U.S. and Canada retail sales on a monthly basis following June results.

“A quarterly sales reporting cadence will continue to provide transparency into our sales results while at the same time aligning with where industry practice is heading,” said Niel Golightly, FCA’s Chief Communications Officer.

FCA US and FCA Canada will report monthly sales for May and June. The first quarterly report will occur on October 1, 2019, covering the three months of July, August and September. FCA will continue to share certain sales data with third-party research firms, under appropriate confidentiality arrangements.

Rick

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