
In a month Mike Jackson, chief executive of AutoNation Inc, described as a “clunker,” numerous automakers took a hit. New vehicle sales in the U.S. fell by 3.7 percent compared to the same month last year, and lucky was the automaker that escaped the buying public’s cold shoulder.
Among the Detroit Three, Fiat Chrysler had the distinction of heading in the right direction as rivals GM and Ford fell. It wasn’t even a close race. FCA posted a year-over-year sales gain of 6 percent, with year-to-date volume up 5 percent. Naturally, Jeep led the way.
But not everything’s rosy on the North American continent. North of the 49th parallel, fate detained FCA’s good fortune at the border, leaving the automaker with a very steep sales loss. Only two brands posted a sales gain in July, and one of them seems to only have one model in the running. Read More >
Recent Comments