Tag Archive | "Jeep"

Chrysler Posts Another Gain, Led by Jeep


Chrysler Group recorded its fifth consecutive month of year-over-year increases, as August sales rose 7 percent.

Fresh from its bankruptcy exit a year earlier, Chrysler had a 15 percent August decline while the industry advanced 1 percent, thanks to the U.S. incentive program designed to spur sales of fuel-efficient vehicles, Automotive News reported.

The Jeep brand led the way last month with a 17 percent increase. The Wrangler was the hottest-selling Jeep, up 37 percent. Dodge sales rose 8 percent, while Ram pickups were up 5 percent. The Chrysler brand dropped 4 percent.

Chrysler still relies on light trucks for most of its sales. The company sold 72,270 minivans, pickups and SUVs in August compared with 27,341 cars. But car sales grew 36 percent for the month while trucks advanced just 2 percent.

As usual, Ram full-sized pickups were Chrysler Group’s top seller — 18,995 units in August, up 8 percent from a year earlier. The Chrysler Town & Country minivan was the company’s No. 2 seller, with a 26 percent gain.

Sales to fleets account for much of Chrysler’s recent sales increases. According to internal documents obtained by Automotive News, 39 percent of Chrysler’s sales from January through July were non-retail. Like most automakers, Chrysler doesn’t break out fleet sales from the total.

Chrysler said it finished August with a 50-day supply of vehicles, or 197,987 units.

The sales increase comes as Chrysler is rolling out a number of new or refreshed products following its 2009 bankruptcy hiatus — 16 vehicles in all this year by the company’s count.

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Jeep to Take Global Lead Role as Chryslers Are Rebadged Lancias in Europe


Chrysler Group LLC’s Jeep brand will become the subsidiary’s primary global make in the first half of next year as Fiat SpA emphasizes the Lancia nameplate in Europe, a top executive told Bloomberg.

Chrysler’s minivan, Sebring and 300 models will be rebadged as Lancias across most of Europe at the end of the first quarter or early in the second, Michael Manley, Chrysler Group’s international chief, said in an interview. Sharing models among the brands is part of a plan outlined by Fiat and Chrysler CEO Sergio Marchionne in November, Manley said.

Chrysler aims for Jeep to account for half of Chrysler Group’s international sales, up from closer to a third historically, he said. The goal will be to have two brands — Jeep and one other — from the Chrysler Group in every market, Manley said at an event to introduce the new version of the Jeep Grand Cherokee last week in California.

“The brand is global, it’s very well known everywhere around the world,” Manley said. “With our partnership with Fiat we can now focus on Jeep as an international brand.”

Fiat, which also owns Maserati and Ferrari, is trying to share engines and other parts among models from Fiat, Chrysler, Dodge, Jeep and Alfa Romeo brands to save $2.9 billion over five years. Fiat controls the U.S. automaker through a 20 percent stake granted as part of last year’s U.S.-backed bankruptcy.

In Europe, some Dodge models will also be sold and the Chrysler name will be kept on the minivan in the U.K., Manley said. Most of Lancia’s approximately 125,000 sales annually are in Italy. Chrysler-badged vehicles will continue to be sold in Latin America and Asia, while the North American use of Chrysler won’t change, he said.

Marchionne said April 21 that he plans to double revenue from cars and light-commercial vehicles to 51 billion euros ($63 billion) by 2014. Turin, Italy-based Fiat aims to boost deliveries by 73 percent in the period by expanding in Europe and emerging markets, re-entering North America and relaunching the Alfa Romeo and Lancia brands.

Fiat has a worldwide sales target of 3.8 million cars and commercial vans in 2014, compared with 2.2 million last year, Marchionne said April 21 in a strategy presentation. Combined with Auburn Hills, Michigan-based Chrysler Group, deliveries would total 6 million cars.

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