FCA sales in the rest of the world, esp USA, Europe and Middle East, Brazil

FCA sales in the usa: June 2017

http://www.prnewswire.com/news-releases/fca-us-reports-june-2017-sales-300482967.html

FCA is down overall by about 7% y-on-y BUT the decline is entirely due to old, cheap, entry-level models being withdrawn entirely and especially from the daily rental fleet' low-low margin sales (Jeep Patriot, previous Compass, Dodge Dart, Chrysler 200.)

FCA is moving fast (and better than pretty much all other firms) in the usa towards a richer, higher-margin models mix across brands. The new Compass, the new Alfa Stelvio have barely begun deliveries, for example, and the all-new Wrangler is around the corner, as is a heavy facelift (with all-new turbopetrol engines) of the Jeep Cherokee. Meanwhile the brand new supremely good Chrysler Pacifica (including the hybrid and the hybrid+automated-driving Pacifica-s with Google/WayMo), the new Dodge Challenger musclecar variants etc.

Meanwhile FCA's brands (esp Ram) have shown the most improved showing in the usa in the J D Power's InitialQuality surveys, the Chrysler Pacifica etc have won more 'awards' from sundry associations, etc.

--- Double Post Merged, Jul 3, 2017 ---

FCA sales in France and Spain: June 2017

The French car market was flat, FIAT and Jeep were too (y-on-y) which is good since both have outperformed in this market for almost 2 years continuously, BUT Alfa Romeo was up hugely as full sales of the new Giulia and especially the Stelvio d-cuv kicked in.

leading to yet another month in which fca (all brands) handily outperformed most other firms and the market-overall-avergae.

Spain grew 6odd% overall, FIAT was flat (had been outperforming for more than year), but both Jeep and Alfa Romeo way outperformed.

 

FCA sales in Italy: June 2017

Italian car sales continue to grow VERY handily (more than most/all other european large markets), and FCA has again grown much more than the overall market average, naturally. FIAT, ALfaRomeo, Maserati, Abarth and Jeep too have all handily outgrown the market/segment averages respectively.

source: carsitaly.com

FCA share prices have been steady at 10.4$ to 11.x$ up massively (uniquely in the global auto industry, alongwith Ferrari, which is now a seperate firm) over the last year, and fca's HUGE outperformance in the rebounding and now much less crisis-ridden-feeling European economy/markets, with ever higher capapcity utilization, so many all new models across brands, and several higher-price/margins models (Jeep, Alfa, Maserati, one or 2 FIATs too) means that FCA's overall global financial metrics are set fair to soar, nevermind the slowdown that's setting in the usa marketplace where FCA is so strong (with good indeed still-expanding margins.)

 

FCA sales in Germany, Europe's largest car market: june 2017

Overall market, very saturated and so not as high growth anymore (from a very high base, that is) as the post-eurozone-crisis-recession countries of Southern Europe (Italy, Spain, Portugal)+France, down in june 3+% due to 2 fewer selling days.

FCA, however, has WAY outperformed, all-brands counted together, with FIAT growing 8+%, Alfa Romeo 22%, large growth for Maserati, and the vans business of FIAT Professional too. Jeep down a fair bit, though (fewer sales of the Wrangler and the G Cherokee + the Cherokee, the Renegade remains very popular.)

The 500+500L+500X has grown further by 5odd% in 2017 over 2016 overall in Germany, the 124 Spider's popular too for its segment but the real FIAT hit this year is the Tipo. Plus the Renegade, and the Alfa Giulia+Maserati Levante. And finally the vans/uv-s.

Germany is heavily 'domestic car firm' biased and based country, with a large skew towards low margin fleet and executive leasing company sales, rather than private retail ones that FIAT, Alfa and Jeep are stronger in (being 'foreign' to Germany.)

However, FCA is making gains among fleet and leasing company customers too, now that it has the all-new models suitable for them (from Tipo, 500X and Jeeps to the new Alfa-s. Plus the vans.)

FCA has large similar efforts underway in the UK, in France, Spain and Italy too: targeting 'fleet' and 'company leasing' businesses much better than it has been able to in the recent decade or rather two.

--- Double Post Merged, Jul 6, 2017, Original Post Date: Jul 6, 2017 ---

FCA sales in Brazil: June 2017

Brazil's car market and overall recession+consumer-credit-crunch etc (borne of political crises plus global commodity bust) is now growing again, including in June.

FIAT with the Toro and Strada plus a few other uv-s/vans (Fiorino, Ducato etc) is the by-a-distance the #1 in these segments.

FIAT has lost its #1 status to Chevrolet in passenger cars, given the stopping of the Punto, bravo, Idea, Palio advenutre, Palio and Sienna top-ends.

However the all-new MOBI is #1 in its segment with surging sales of 6000+ in June alone.

The heavily redone FIAT Uno/Sporting sold 4000+: another great sales result.

Next month onwards the new FIAt Argo sales will start logging. And the all-new Linea+Grand Sienna replacement launches at the end of this year.

Meanwhile, Jeep (locally made Renegade+Compass) is the clear #1 suv/cuv brand too.

FCA is likely still the ONLY car firm to be profitable in Brazil/latam-ex-mexico even with 2/3 major large selling models still being replaced (by Argo etc) but already withdrawn and despite the very large recession in Brazil for the last 3 years.

FCA Brazil has openly declared its intention to soon return (once ARGO and 'new G Sienna+Linea are on stream) again to the historic #1 in pv position of the FIAT brand on its own (not counting the large Jeep incremental and premiumized/high-margin sales of the 2 locally-made Jeeps, with another smaller-than-Renegade Jeep coming in early 2019 or so.)

https://br.motor1.com/news/151897/mais-vendidos-junho-oficial-mobi-passa-o-gol-e-s10-bate-hilux/

 

FCA had its best June sales in Mexico in 8 years, with the Dodge brand (including badge-engineered Brazilian FIAT G Sienna and the Tipo-as-Dodge-Neon) grew y-on-y 12%, the FIAT brand grew y-on-y 52% on the back of the new Brazilian MOBI+Toro+Uno, the just launched Brazilian Renegade sold 400+, Alfa Romeo too grew meaningfully (small base though) and....the Mexico-built new Compass is hardly availiable yet in mexico. When its sales are at full tilt in a few months FCA Mexico sales numbers will soar, and also grow fast by year end as the Brazilian Argo and later in the year the Argentina-built x6s sedan avatar of it start sales too.

Brazil+Argentina have a free trade accord with mexico, which in turn has NAFTA with the usa+canada and a free trade agreement with the EU (which last is why Mexico is building for export BOTH the usa and the European new Jeep Compass.)

FCA overall sales dipped a bit in june in Canada, and yet FCA achieved its second best in 70+ years first-half-year sales in Canada. Rams and Jeeps mainly, plus a Dodge or two. The Jepe Compass is arriving there very shortly and will assuredly yield a resumption in FCA sales growth. The Canadian-built (and superb if rather expensive) Chrysler Pacifica minivan is seeing very low sales in Canada, since it is costed-priced as per the usa market: too expensive. Despite the great showing for fca overall (fca has been #1 in Canada sales for the past few years), it has lost some marketshare this year, mainly to Ford and esp GM. That will correct a lot, at least, thanks to the new Jeep Compass.

 

FCA sales in rhd markets of the UK and Japan: June 2017

The UK market is receding now, due to Brexit, the large drop in the pound and taxation changes/increases. FCA down, like VW, like Vauxhall/Opel, and Ford too, but unlike the German luxury brands that sell more to executive leasing fleets and that thrive due to ultra-cheap-and-slack credit culture prevailing in the Uk. By now the UK market is heavily dominated by 2-4 German firms/marques, so. This will change gradually as BREXIT proceeds, and the pound stays deflated etc.

FIAT down a bit, Jeep down plenty y-on-y, albeit that Alfa is up 20odd%, Abarth up 40odd% as also Maserati (Levante diesels mainly.) Note that FCA has a large presence in uv-s/vans as well, but under (mostly) the FIAT Professional brand, with seperate dealers+service centres etc.

Things will improve once the India-built Compass starts retailing there later in the year: the c-cuv/suv space is a huge one in the Uk, whether in the 'mass' market or among the premium/sporty/luxe/historic marques/segments.

FCA up smartly again in Japan, albeit that the market overall is very buoyant again (up overall 14odd%.) FIAT up, Jeep+Abarth+Maserati+Ferrari up a lot, while Alfa Romeo is down a bit (in the absence as yet of the Giullia and esp the Stelvio.)

 

FCA sales in Turkey, June 2017

The turkish PV as well as lcv markets are both down a fair bit, again, in June: all due to the shenanigans of Turkish right-wing near autocratic yet populist president, severe currency depreciation, awful geopolitical crises on multiple fronts.

However, FIAT thanks largely to the Tipo/Aegea is grabbing marketshare like anything, and saw a 30%+ jump in domestic sales. The Tipo is built for export ONLY in Turkey.

ALfa and Jeep, however, down somewhat which is entirely predictable, given that those models are imported-in at a time when the Turkish Lira is DOWN everso much.

FIAT has large lcv/vans sales as well as exports-from-Turkey as well: lcv sales are down a bit but exports it seems (to europe and the usa-as-Ram-Promasters) are up.

 

FCA sales in Argentina: june 2017

This month this massively rebounding-post-long-slump car market has been flat overall, BUT:

FIAT is up massively (Mobi, Uno, Strada, Toro up plenty, albeit that the now-withdrawn Punto+Grand Sienna+somePalio variants have seen sales predictably plummet) overall, JEEP even more so.

All are Brazilian-made and exported via their free trade pact.

Sales and marketshare will soar further once the Argo and esp the Argentina-made x6s sedan version comes online. Plus there is the now-launching Brazilian-made Jeep Compass too.

note: sales performance of the Brazilian-made new or heavily facelifted FIATs in Argentina as well as mexico has been stellar over the past year. Tremendous growth momentum, and good overall sales volumes (all else, like the usual LatAm bugbear of long recessions, adjusted-for.) Likewise, of course, for the new Brazilian or Mexican-built Jeeps (Renegade, Compass, soon in 2019 a sub-renegade b-suv as well.)

All latam markets are left hand drive. To engineer any new Latam (rather than euro-market) FIAT for right hand drive likely costs many many millions of $. With INDIA as the only plausible such market. ergo: given the high costs for fca of engineering FIATs just for India, it remains most likely that rhd smaller, affordable, high-quality models for India+other-rhd-markets will henceforth ONLY be Jeeps, starting with the Compass, then Renegade and/or the smaller b-suv. These are all FIATs in American drag, of course, in any case, which leads to the (imo unlikely) possibility of post-2020 all-new rhd FIATs made-in-India (including for exports?) once the rhd engineering has been achieved already for the Jeeps (esp the small 'project 515' b-suv sub-Renegade model that is closely related to the new Fiat Argo and that WILL also be made and offered in Brazil+latam.)

 

FCA sales in China and the EuropeanUnion+Efta (as a whole): june 2017

China: Statistics for Maserati, for the just launched Alfa Romeo-s from Maserati and/or Jeep showrooms there are not availible yet. But are very likely sizeable and growing very well (going by the recption accorded the Maserati Levante etc.)

In June: the locally-made Jeeps made at the 2 50-50 jv-with-GAC plants sold at the rate of 8000+ Compasses, 3000+renegades and 6000+ Cherokees.

Net-net the addition of the Compass very recently has led to a total-brand sales growth it seems of around 4000 sales, net of the noticeable cannibalization of both the Renegade and the Cherokee.

China will recieve the china-engieered special model the 7-seat 'K8' or 'Yuntu phev' in around 2019, but will get the Cherokee heavy-refresh in 2018, and same for the renegade global mid-lifecycle refresh in late 2018 or so.

The FIAT Ottimo and Viaggio are selling down of all-old inventory. As yet: there is no indication of whether fca intends to bother with the FIAT brand at all in China anymore (their previous plan had the 500X set up local manufacture there in 2018.)

IF they proceed with a 500X/500L etc more premium strategy for FIAT in Asia (if at all), then imo India too would be ON in 2-3 years' time for such models! priced at c+/d1 type price points (plus rhd exports.)

EU: The EU car market has now recovered beyond pre-2008+ global financial+eurozone crisis sales numbers. The EU is now again a larger market than the USA's (whose post-crisis recovery was faster and bigger, now petering out slowly): #2 behind China.

FCA remains the clear-ahead-of-Ford #4 car firm in the EU. Behind VW group, PSA-Opel, and Renault-Nissan-Dacia.

It is the only firm among the top-8 ones to be outperforming the overall market to a 10%+ degree. Because of its all-new 'white space premiumization-of-product-mix strategy' (fiat group and later fca have not had such offerings in decades, if at all, really, in Europe) entries from Alfa Romeo, plus the Tipo trio of models.

It has grown around 4% in H1 2017, with FCA growing at 10.5% odd. gaining all-brands marketshare in a big way, just as it has for the last 3 odd years. Mainly growth from the FIAT, FIAT Professional and Alfa-Romeo brands, plus the high-margin Maserati+Abarth ones too, NOT Jeep which is flat. However, Jeep will grow sizeably now: due to the Compass entering the largest segment in Europe nowadays, the c-suv one, one in which fca had no offering from any brand till now. FIAT's net y-on-y growth is largely due to the Panda+500 and the Tipo trio of models+the 124+Abarth. Alfa has grown 45odd% in h1 2017 over 2016 on the back of the Giulia and Stevio (another entry into a large segment: the premium d-suv one.) The just heavly refreshed and restyled 500L models are seeing large demand i Italy, france etc but fca has been stymied for now by a strike at their serbian plant.

FCA is #4 with fast rising, post-2008-etc-crisis net-profit margins in Europe (Alfa and Maserati and Jeep have higher margins after all.)

It is also #4 in the USA. #1/2 in Canada. Net profit margins there too are still rising, despite the onset of a slowdown overall.

It remains #1 in LatAm, and the only profitable car company in that region, with large growth resuming there thanks to the (a) the end of the long recessions in Argentina and now Brazil and (b) the breakthrough growth it is experiencing for Brazilian-made FIATs and Jeeps in mexico and (c) the slew of all-new FIAT and Jeep models launching ongoingly (Toro, renegade, Compass, Mobi, a renewed Uno, new Firefly engines family, now new Argo, soon 'new Grand Sienna+Linea', another Jeep b-suv and a FIAT 'x6u' b-cuv twinned to the Argo, etc.)

In Asia-Pac fca remains very small but it is still profitable (including in India!) but is now growing a lot and fast, thanks to the China-localized Jeeps, and now the India-localized ones coming onstream. It continues to grow high-marin sales in Japan, while in Australia the new India-made rhd Jeeps will likely ensure a marketshare recapture for Jeep, even as Maserati and Alfa romeo are getting well-recieved in both Australia and japan, as well as China. The only big doubt for fca in the asia-pacific region is whether FCA will go all-in with Jeep+ALfa+Maserati or will locally-made FIATs also figure in the plans (made in China and India), whether for local retail or for exports (possibly back to Europe or even the usa?.)

 

FCA sales in the usa down overall y-on-y by 10%: the mix of sales is much richer, exactly as planned. And the new Compass is nowhere near fully available there yet (it's made in mexico=nafta, nevermind Donald Trump!) The higher margin, more expensive models have all done well, despite the overall clearl slowdown in the usa auto industry (FORD down 10%, GM down 15%.) FCA's numbers are actually fabulous, considering that most of this drop is due to decommissioned, very ild, and very-entry-level (i.e., disocunted) models: the old Patriot+old Compass plus the decommissioned Chrysler 200 sedan, Dodge Dart sedan, and the Chrysler T&C. Alfa Romeo continues to grow in the usa m-on-m: up above a thousand, with the Stelvio only just launched. FCA is the only company still growing sales in the usa of BIG, americana-style sedans: the rwd Dodge Charger, Dodge Challenger coupe and the rwd Chyrsler 300, everyone else has sinks in the gutter, and some firms apparently discontinuing such models altogether, such is the ferocious turn to cuv-s and suv-s in the usa as well as around-the-world.

Unlike pretty much all other large firms, FCA usa net profit margins are still, therefore, going up (operating profit margins of around 8.4% as of Q2 2017 as revelaed in fca's latest financial results), while Toyota is now loss-making in N America, Ford's usa margins are headed down fast, Hyundai-Kia and Nissan are the very great wars profitability-wise now in the usa, etc.

This without any layoffs or shutdowns of plants etc: something both GM and Ford are increasingly having to do (esp for cars, rather than suv-s or pickups.)

FCA's global operating profit margins (now at around 6.x%) are now HIGHER than either GM's or Ford's global ones, and getting higher still, while theirs are propped up by for eg., sale of Opel by GM+withdrawal from India, etc.

FCA is clearly far ahead of all other firms in being-prepared for the oncoming car sales and/or overal economy slowdown/recession that has already onset clearly.

Sales in Canada were the worst for July since 2011, although still quite high overall. Hit by the weak currency, hit also by the too-expensive even if made-in-canada awesome new Chrysler Pacifica minivan (a large market chunk in Canada, and a segment utterly cominated historically by fca, even in the usa, where too the formerly huge segment is overall diminished in size due to shift to cuv-

Mexico: up 11% y-on-y, largely on the back of massive growth by Brazilian FIATs, such the MOBI, the Strada and Toro pickups and the Jeep Renegade, and the FIAT tipo-as-Dodge-Neon etc.

France: The overall market is up as much as 10%, presumably the consumer (credit) 'confidence' cause by the hugely decisive elctoral success of President Macron, a former hedge fund manager, and his new party, with especially Alfa Romeo and also FIAT both up a lot, again, and Jeep up a bit as well (mainly Renegades: France is the #1 EU market for small cuv/suv-s.)

Spain: Overall market slowing again, up just 2 odd %, but FIAT down a bit more (many all-new models launched in its segments by the competition recently esp by SEAT/VW and by Renault +PSA-Opel), although both Alfa Romeo and Jeep too up plenty, y-on-y.

 

Brazil in July 2017:

Renegade sells 3000+, Compass sells 4000+: making Jeep currently control 25% of the entire Brazilian large and expanding b- and c-suv market.

The new FIAT Argo in its second month has sold 3200 odd models: it will buildup, but does NOT appear capable of being the #1 hatchback seller like the Palio+Punto were years ago, of course there was much much less competition then for FIAT in Brazil. Since then, a number of other companies have heavily localized manufacture.

The Toro is the #1 selling (lifestyle) pickup. The Strada is now #2 in the small pickup segment, but with still large sales.

FCA says it does not expect the rebound of the Brazilian economy and car market from their recent, and long political crisis-associated, recession to be very large or esp very fast, so.

FCA is seeing its latam profitability soar already though: because its product mix is that much richer (due to Jeep) and the very well-timed all-new FIATs: mobi, toro, new Uno, Argo, with the x6s 'new grand Sienna+Linea' coming in about 6 months' time as well, plus large growing exports from Brazil to Argentina and especially to mexico (free trade agreement.)

Italy: market up again decently, FIAT flat, Alfa and Jeep up a lot, net-net FCA ups its marketshare further, with Maserati as well showing very high sales growth and decent volumes. i.e., richer, higher margin model mix and brand-mix.

Germany: The car market seems saturated now, hardly any net growth overall, FIAT down a bit from good, high-previous growth levels, as is Jeep (albeit that the Compass has barely begun selling there in the largest segment) but Alfa romeo and Maserati too are up plenty, with FIAT uv-s/vans doing well too. FCA has been making pretty much for the first time ever a major breakthrough in the large German market, one that has so many dominant huge local/national brands and firms: esp with Jeep but now esp with the new Alfa Romeos and Maserati-s.