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FCA Reports June 2019 U.S. Sales

FCA US reports best June retail sales in 18 years; best total sales in 14 years
Ram pickup trucks notch record as sales jump 56 percent to 68,098 vehicles sold
Jeep® Gladiator captures an estimated 7 percent of the mid-sized truck market in its first full month in dealerships
Dodge Charger posts highest June sales in 12 years
FCA ends monthly sales reporting; first quarterly report to occur Oct. 1

July 2, 2019 , Auburn Hills, Mich. -


FCA US LLC reported its best June in 14 years as total sales climbed 2 percent to 206,083 vehicles, driven by Ram pickup trucks which had its highest month of sales since the brand was detached from Dodge and launched as a standalone division in 2009.

Sales of Ram pickups for June rose 56 percent to 68,098 vehicles. For the quarter, Ram pickup truck sales finished at 179,454 vehicles.

Jeep® Gladiator sales reached 4,231 vehicles sold, which helped the nameplate capture an estimated 7 percent of the mid-sized truck market after only one full month on dealership lots.

The Dodge Charger also reached its highest level since 2007 with sales of 9,034 vehicles.

Overall, June retail sales for FCA US hit the highest level in 18 years with 156,588 vehicles sold. Fleet sales totaled 49,495 vehicles and accounted for 24 percent of total sales.

"For the first-half of 2019, Ram has been on a tear since we made the strategic decision to enter the year with a three-truck strategy. The new Ram 1500, Ram Classic and Heavy Duty are all generating a huge response from customers and critics alike,” Head of U.S. Sales Reid Bigland said. “This is now the third month Ram pickup sales have surpassed 60,000 since December. Our dealers had a steady stream of customers all month long.”

June results also mark the end of monthly sales reporting by FCA US LLC. The first quarterly sales report will occur on Oct. 1, covering the months of July, August and September.




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.
 

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Discussion Starter #2
Ram's Monster Month

RAM trucks were prominent in the Exhibit Hall and a hit with attendees
The Economy
Ram's Monster Month Stands Out in Sputtering US Auto Market
Ram powered a 1.9% increase in total deliveries for Fiat Chrysler, which is the only major automaker thus far to boost sales and beat estimates.



Jul 02, 2019

Fiat Chrysler Automobiles NV’s surging Ram truck brand had a monster month in June, carrying the Italian-American carmaker to a surprise total sales gain as rivals struggled with shrinking demand.

Ram’s pickup model deliveries soared 56% to 68,098 units, approaching the level of monthly sales typically reached only by Ford Motor Co.’s F-Series, the top-selling vehicle line in America for almost four decades. Ram powered a 1.9% increase in total deliveries for Fiat Chrysler, which is the only major automaker thus far to boost sales and beat estimates.


Ram’s standout June puts the truck further ahead of General Motors Co.’s Chevrolet Silverado, which has long been the No. 2 model line in the highly lucrative full-size pickup segment. Trucks have become even more crucial to Fiat Chrysler, GM and Ford’s bottom lines as consumers have thumbed their nose at passenger cars and taken some wind out of the broader U.S. auto market’s sails. The industry is headed for the second annual sales decline in three years.

Toyota Motor Corp. and Nissan Motor Co. reported steeper sales declines for June than analysts estimated. GM said its quarterly deliveries dropped 1.5% as the Detroit-based automaker slowly ramps up production of redesigned Silverado and GMC Sierra pickups.

Ram’s June sales were only about 3,400 units behind the roughly 71,500 pickup deliveries that Ford averaged per month in the first quarter of the year. Ford will release second-quarter results on Wednesday.

The story behind the Ram pickup’s emergence is more than just 12-inch touch screens and fancier leather seats. Fiat Chrysler has been flooring it with a two-pronged approach to winning market share. It’s continuing to manufacture the cheaper Ram Classic -- a bare-bones version of its truck built on an older platform -- through at least the end of this year, while it produces 2019 model year pickups decked out with new features.

Fiat Chrysler also has been heaping healthy discounts on both models. Poaching truck buyers with big incentives are a down payment on future sales, and the hefty profit margins on pickups give automakers more room to offer substantial deals.


SOURCE
 

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FCA Canada Reports 2019 June Sales

FCA Canada Reports 2019 June Sales

June record sales for Ram Heavy Duty (HD), up 158 per cent
June record for Jeep ® Grand Cherokee, up 34 per cent
June record for Jeep Wrangler, up 21 per cent
Sales of Dodge Grand Caravan up 14 per cent in June


July 3, 2019 , Windsor, Ontario - FCA Canada today reported June 2019 sales of 21,566.

"June sales year-over-year saw solid increases from both the Ram and Jeep® brands," FCA Canada President and CEO Reid Bigland said. "The highly-anticipated Jeep Gladiator pickup and new Ram Heavy Duty continue to arrive in Canadian dealerships and are resonating well with consumers."

Sales Highlights
Ram brand sales were up 7 per cent compared with sales from June 2018. Within the brand, Ram HD saw the largest increase with 2,683 sales, an increase of 158 per cent over the same month of the prior year.

Jeep brand sales were up 1 per cent this month, compared with the year prior. Jeep Wrangler set a June record with 2,497 sales, a 21 per cent boost from the same month of 2018. Calendar year-to-date, Jeep Grand Cherokee has achieved record sales and set a June record with 1,629 sales, an increase of 34 per cent over the same month last year. Jeep Compass saw an increase of 25 per cent with 611 sales. The all-new 2020 Jeep Gladiator, the most capable midsize truck ever, recorded 278 sales in June.

Dodge Grand Caravan sales were up 14 per cent with 2,744 sales.

About FCA Canada
Founded as the Chrysler Corporation in 1925, FCA Canada Inc. is based in Windsor, Ontario, and celebrates its 94th anniversary in 2019. FCA Canada is a wholly owned subsidiary of FCA US LLC, a North American automaker based in Auburn Hills, Michigan and member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. FCA Canada has approximately 440 dealers and sells 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. In addition to its assembly facilities, which produce the Chrysler Pacifica, Chrysler Pacifica Hybrid and Dodge Grand Caravan (Windsor), Chrysler 300, Dodge Charger and Dodge Challenger (Brampton), FCA Canada operates an aluminum casting plant in Etobicoke, a research and development centre in Windsor, and has sales offices and parts distribution centers throughout the country.
 
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