FCA Reports Third-quarter 2020 U.S. Sales

Rhea-AI Summary

FCA US LLC reported a 10% decrease in total vehicle sales for Q3 2020, selling 507,351 vehicles, compared to Q3 2019. Despite this, Jeep Gladiator sales surged 37% to 22,163 vehicles, and Ram retail sales rose 15%. The company anticipates sustained strong demand for trucks and SUVs, with notable increases in retail sales despite softness in fleet purchases. Key product launches include the Ram TRX, Jeep Grand Wagoneer Concept, and Wrangler 4xe, expected to attract consumer interest and bolster future sales.

Positive

• Jeep Gladiator sales increased 37% to 22,163 vehicles.
• Ram retail sales rose 15%, indicating strong consumer demand.
• Q3 sales were 38% higher than Q2, translating to 140,265 more vehicles sold.

Negative

• Total vehicle sales fell 10% year-over-year.
• Year-to-date sales were down 20%, indicating ongoing challenges.

AUBURN HILLS, Mich., Oct. 1, 2020 /PRNewswire/ -- 

• Jeep® Gladiator sales rise 37 percent to 22,163 vehicles
• Ram retail sales rise 15 percent amid consumer demand for both light- and heavy-duty trucks
• FCA prioritizing dealer deliveries amid consumer demand for trucks and SUVs
• Strong sales expected to continue in the final months of 2020

FCA US LLC sold 507,351 vehicles in the third quarter – a 10 percent decrease over the same time period a year earlier – as strong retail sales offset much of the ongoing softness in fleet purchases.

The Ram brand remained a powerhouse for dealers as retail sales for the iconic pickup trucks rose 15 percent. Jeep® also posted a solid quarter, led in large part by the continued success of the Jeep Gladiator and Jeep Wrangler. Total Gladiator sales rose 37 percent to 22,163 vehicles.

Third-quarter total sales finished 38 percent higher than the second-quarter results as FCA sold 140,265 more vehicles.

"The results reflect the hard work our dealers have done throughout the third quarter as they worked through the COVID-19 restrictions while still improving our sales over the prior months," U.S. Head of Sales Jeff Kommor said. "Jeep and Ram are hot and we continue to prioritize deliveries to our dealers who are asking us to ship as many vehicles as we can build."

During the quarter, FCA provided an overview of the depth of its Ram and Jeep product pipelines with the worldwide reveals of the Ram TRX, Jeep Grand Wagoneer Concept and Jeep Wrangler 4xe plug-in hybrid.

These vehicles are already stirring consumer buzz and excitement. Production of the TRX is scheduled to begin during the fourth quarter, while the Grand Wagoneer Concept marks the first step in the rebirth of Wagoneer as Jeep works to quickly expand into new segments and more premium spaces.

FCA also unveiled the Wrangler 4xe, which boasts 375 horsepower and delivers up to 25 miles of pure electric operation for daily commutes, while providing nearly silent, open-air freedom without range anxiety. The Wrangler 4xe will be available by the end of the year.

"We are optimistic about the U.S. market and expect sales to remain strong as we close out 2020," Kommor said.

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

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). For the methodology of determining FCA US LLC monthly sales click here.

FCA US LLC Sales Summary Q3 2020
	Q3 Sales		Vol %	CYTD Sales		Vol %
Model	Curr Yr	Pr Yr	Change	Curr Yr	Pr Yr	Change
Compass	29,588	35,158	-16%	77,809	110,671	-30%
Patriot	1	8	-88%	2	21	-90%
Wrangler	54,071	59,035	-8%	150,202	176,020	-15%
Gladiator	22,163	16,132	37%	56,990	23,384	144%
Cherokee	40,981	52,139	-21%	97,919	149,349	-34%
Grand Cherokee	56,447	61,768	-9%	152,856	185,040	-17%
Renegade	18,961	21,234	-11%	45,820	57,270	-20%
JEEP BRAND	222,212	245,474	-9%	581,598	701,755	-17%
Ram P/U	156,157	161,635	-3%	402,410	461,115	-13%
Cargo Van	0	0		1	0
ProMaster Van	15,998	14,589	10%	33,496	41,301	-19%
ProMaster City	3,020	2,976	1%	7,438	9,952	-25%
RAM BRAND	175,175	179,200	-2%	443,345	512,368	-13%
200	4	10	-60%	7	45	-84%
300	3,170	7,836	-60%	11,553	23,693	-51%
Town & Country	0	1	-100%	0	4	-100%
Pacifica	28,696	21,697	32%	64,290	70,224	-8%
CHRYSLER BRAND	31,870	29,544	8%	75,850	93,966	-19%
Dart	1	3	-67%	6	13	-54%
Avenger	0	0		0	1	-100%
Charger	23,547	26,060	-10%	53,631	71,106	-25%
Challenger	16,332	18,031	-9%	38,350	46,699	-18%
Viper	2	0		2	5	-60%
Journey	10,164	16,965	-40%	30,750	62,396	-51%
Caravan	5,933	27,456	-78%	36,155	99,403	-64%
Durango	15,957	15,631	2%	45,456	52,622	-14%
DODGE  BRAND	71,936	104,146	-31%	204,350	332,245	-38%
500	96	876	-89%	662	2,568	-74%
500L	138	206	-33%	392	605	-35%
500X	452	592	-24%	1,130	2,076	-46%
Spider	416	686	-39%	1,385	2,214	-37%
FIAT BRAND	1,102	2,360	-53%	3,569	7,463	-52%
Giulia	2,192	2,030	8%	5,643	6,376	-11%
Alfa 4C	21	36	-42%	92	127	-28%
Stelvio	2,843	2,244	27%	6,758	6,844	-1%
ALFA ROMEO	5,056	4,310	17%	12,493	13,347	-6%
FCA US LLC	507,351	565,034	-10%	1,321,205	1,661,144	-20%

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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SOURCE FCA US LLC

FAQ

What are FCAU's Q3 2020 sales figures?

FCAU sold 507,351 vehicles in Q3 2020, a 10% decrease from the previous year.

How much did Jeep Gladiator sales rise in Q3 2020?

Jeep Gladiator sales rose 37% to 22,163 vehicles in Q3 2020.

What is the outlook for FCAU sales for the rest of 2020?

FCAU expects strong sales to continue through the final months of 2020.

Which new vehicles did FCAU unveil recently?

FCAU unveiled the Ram TRX, Jeep Grand Wagoneer Concept, and Wrangler 4xe.

What percentage did Ram retail sales increase in Q3 2020?

Ram retail sales increased by 15% in Q3 2020.