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

Article by Christian Andrei, 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

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries