The American new vehicle market is evolving. Indeed, the rate of evolution suggests it may be evolving fast enough to be deemed a revolution.
Passenger car market share is down to 37 percent through the first five months of 2017. We’re not even a decade removed from a time when passenger cars accounted for more than half of all U.S. auto sales. Cars have lost 4 percentage points of U.S. market share in just the last year. While pickup trucks, SUVs, and crossovers added 225,000 sales, year-over-year, in the first five months of 2017, passenger car volume tumbled by more than 145,000 units.
As a result, automakers are giving up on cars. Not wholeheartedly, not across the board, not routinely. But in specific areas. And this couldn’t be more obvious at Fiat Chrysler Automobiles, where the company no longer has entries in the two largest passenger car sectors. Heading into 2018, FCA’s car branch will market two Dodges, one Chrysler, and a handful of Fiats, Maseratis, and Alfa Romeos.
Is that enough? Or does Fiat Chrysler Automobiles need more cars? (Read More…)
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