Fiat Chrysler Automobiles logs 7% surge in global sales in 2014

Article by Andrew Christian, on January 24, 2015

Fiat Chrysler Automobiles NV posted a 7-percent jump in global sales in 2014 to 4.75 million vehicles, growing faster than the three largest carmakers in the world. The growth was spurred by high demand for Fiat Chrysler’s Ram trucks and Jeep SUVs in the United States.

The 7-percent spurt was higher than those posted by Toyota Motor Corp. (3 percent to 10.23 million), Volkswagen AG (4 percent) and General Motors Co. (2 percent). While Fiat Chrysler’s overall volume still pales compared to the Big 3, the figure is large bonus to Marchionne’s target of selling sell 7 million cars in 2018.

According to Richard Hilgert, an analyst in Chicago at Morningstar Inc., the US and the sales performance of the new Jeep Renegade in China and South America will help gauge whether Fiat Chrysler will further grow its sales this year. He said that it has become more difficult to sustain growth this year, although another sales surge in 2015 remains possible.

“The company’s year-over-year comparisons will be a high hurdle to clear,” Hilbert said. For this year, Fiat Chrysler is targeting to top 5 million sales. The carmaker is making a EUR48 billion ($55 billion) investment in new cars, rolling out 20 of them next year.

These vehicles include the Jeep Renegade and Fiat 500X SUVs that will be produced in Italy, with the first Renegades bound for North America set for shipment this month.

The demand for Jeep vehicles was high in the US in 2014, with sales surging 41 percent to 692,300 units. The same thing was true for Ram, which US deliveries in 2014 jumped 28 percent to 469,100 units. Fiat Chrysler also saw global sales at its Ferrari and Maserati units more than doubled to 40,100 vehicles.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016
Have you ever heard of the name Kris Singh? If you’re passionate about cars, you’ve probably come across this name at some point while you scour reports about the latest...
by - September 2, 2016