May 2019 Sales #'s - Down as the industry is stressed
Overall very good for FCA thanks to RAM and Grand Cherokee/Gladiator from Jeep. Only 761 USA brethren and sisteren rolled out in shiny new Stelvios during the month. (but happy to report seeing an average of 2 per day lately-- despite the deadpan response to my warm greetings).
Interesting to note FCA and GM keeping Tesla afloat with over-the-back-wall carbon credit payoffs. Strategically best to bet the cash on the weakest player rather than subsidize competitors that can actually do harm long term (depending on your level of Elon worship you may disagree). https://www.bloomberg.com/news/artic...-fiat-chrysler
How many people on this forum are having their B-day right now?
I'm turning a year, need to go put my new registration sticker on. Last year at this point incentives were ridiculous and sales reflected it. Now they are using a more conservative approach to sales and the numbers reflect that.
One thing not being reported in that article....so far in 2019, Ram has outsold Chevrolet. You read that right, Ram is outselling Chevrolet making them the #2 truck brand in 2019 so far. Major accomplishment, huge. Someone at GM is getting fired, maybe some teams and I bet they announce another redesign very soon if this keeps up.
Considering both of them are competing with brand new designs, this is earth shaking. Last time Ram outsold Chevy it was 1999.
Industry is down but FCA is actually in a good place comparatively. #2 truck sales with 13% corporate profit margins and a modern platform adaptable to cars and SUVs not bad.
...BTW Chevy truck sales are down 16% and GMC down 2%, on a brand new truck design. GM should be looking for a corporate partner. Trucks are the only thing keeping them alive and the new one doesn't sell? That is very bad for them.
The suv market overall is not great. The West cost is barely getting gas prices down from the crazy highs a few weeks ago and back till feb almost. SUVs other than Jeep are made and broke by gas prices. (Part of why an suv only strategy is ...not smart... to many people)
Jeep is its own thing and its sales rarely follow market trends anymore..its a monster due to the off roaders and posers. (Other people buy jeep too, majority)
US car sales are probably going to get worse before they get better because of the tariffs on Mexican goods. The industry's supply chain involves Mexico to such a degree that the cost of a vehicle could increase by $1300 if tariffs go as high as 25%. Then there's the auto specific tariffs (not in effect yet) that soon may be imposed on cars and car parts that are imported to gain leverage in trade negotiations against Japan and Europe, which again could raise prices hundreds to thousands of dollars depending on the tariff rate.