Fiat Chrysler Automobiles Announced Strong Sales in Europe

Published on: 14 Jul, 2017

Fiat Chrysler Automobiles NV (NYSE: FCAU) announced Friday that it has outperformed the European industry (EU28+EFTA) once again in June, with sales up 7.9% year-over-year (+2.1% for the industry) to 106,700 vehicles. Market share of Fiat Chrysler was 30 basis points higher at 6.9%.

The company also reported that the Fiat brand posted European sales of nearly 82,700 vehicles, a year-over-year increase of 9.1%. The brand remained the undisputed leader in the European A segment with the 500 and Panda accounting for a combined share of nearly 30.0%.

Lancia/Chrysler posted June sales of more than 4,600 vehicles with share at 0.3%.
Year-to-date, brand sales totaled nearly 37,500 vehicles, with European share at 0.4%.
In Italy, the Lancia Ypsilon was among the top ten overall and third in the B segment with a 9.4% share.

Alfa Romeo posted June sales of more than 9,100 vehicles, an increase of 36.7% year-over-year, with market share 20 basis points higher at 0.6%. Brand sales were up 23.1% in Italy, 8.0% in the UK, 24.4% in Germany, 57.8% in Spain and 73.0% in France.
Year-to-date, brand sales were up 39.7% to 46,150 vehicles, with share 10 basis points higher at 0.5%

Finally, the Jeep brand sales in Europe totaled nearly 9,350 vehicles and market share was 0.6%.
For the year-to-date, sales totaled nearly 54,000 vehicles with share at 0.6%.
The brand's June sales were up 18.7% in Italy, 0.9% in France and 28.7% in Spain.

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Danny Abramov

Email: Danny@financialbuzz.com

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