FCA US Reports February 2019 Sales

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Mar 01, 2019, 10:15 ET

AUBURN HILLS, Mich., March 1, 2019 /PRNewswire/ --

Ram brand reports record February as sales rise 24 percent.
Jeep® Cherokee sets February record
All new heavy-duty Ram begins to arrive in dealer showrooms

FCA US LLC reported today that the Jeep® Cherokee set an all-time February sales record, despite another month of bitter weather across key selling regions for the brand. The Ram brand scored another record month as well, on the back of award-winning products in the hot light-duty and heavy-duty markets.

Following 11 straight months of year-over-year sales increases, the company's overall U.S. February sales retreated 2 percent to 162,036 vehicles in a soft market, compared with sales of 165,903 vehicles in February 2018. The Jeep brand is returning to a more "normal" sales cadence after benefiting from both the new and old Wrangler coming off the production lines this time last year.

"The overall industry is starting off slower due in part to weather, the U.S. government shutdown, and concern over tax refunds," U.S. Head of Sales Reid Bigland said. "We still see a strong, stable economy and anticipate any lost winter sales will be made up in the spring. For us, the Ram brand was the standout in February, and Jeep Cherokee set a February record as well."

See the attached table for the breakdown of brand and nameplate sales.

FCA US LLC Sales Summary February 2019

	Month Sales		Vol %	CYTD Sales		Vol %
Model	Curr Yr	Pr Yr	Change	Curr Yr	Pr Yr	Change
Compass	12,063	16,026	-25%	22,361	26,218	-15%
Patriot	3	116	-97%	9	264	-97%
Wrangler	15,001	15,936	-6%	28,015	27,675	1%
Gladiator	70	0	New	80	0	New
Cherokee	16,020	12,225	31%	31,158	26,846	16%
Grand Cherokee	18,009	17,468	3%	33,084	33,832	-2%
Renegade	5,909	8,249	-28%	10,769	14,888	-28%
JEEP BRAND	67,075	70,020	-4%	125,476	129,723	-3%
Ram P/U	39,950	33,299	20%	74,839	62,657	19%
Cargo Van	0	0	0%	0	0
ProMaster Van	4,632	2,235	107%	8,391	4,006	109%
ProMaster City	960	1,203	-20%	1,961	2,113	-7%
RAM BRAND	45,542	36,737	24%	85,191	68,776	24%
200	6	219	-97%	18	470	-96%
300	2,508	4,449	-44%	4,586	6,769	-32%
Town & Country	0	0		1	2	-50%
Pacifica	7,854	11,482	-32%	14,817	19,493	-24%
CHRYSLER BRAND	10,368	16,150	-36%	19,422	26,734	-27%
Dart	3	82	-96%	6	165	-96%
Avenger	0	0	100%	0	1	-100%
Charger	6,547	7,568	-13%	11,757	12,761	-8%
Challenger	3,639	6,093	-40%	6,869	9,498	-28%
Viper	0	1	-100%	1	3	-67%
Journey	8,258	4,782	73%	15,490	8,144	90%
Caravan	12,521	16,443	-24%	19,634	26,852	-27%
Durango	6,105	5,218	17%	10,393	10,363	0%
DODGE BRAND	37,073	40,187	-8%	64,150	67,787	-5%
500	207	416	-50%	468	870	-46%
500L	51	118	-57%	107	222	-52%
500X	219	484	-55%	493	972	-49%
Spider	139	223	-38%	299	406	-26%
FIAT BRAND	616	1,241	-50%	1,367	2,470	-45%
Giulia	646	853	-24%	1,177	1,801	-35%
Alfa 4C	16	20	-20%	23	32	-28%
Stelvio	700	695	1%	1,312	1,383	-5%
ALFA ROMEO	1,362	1,568	-13%	2,512	3,216	-22%
FCA US LLC	162,036	165,903	-2%	298,118	298,706	0%

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.

SOURCE FCA US LLC