Fiat Chrysler logs 4 times growth against rest of US auto industry in 2014

Article by Christian A., on December 9, 2014

Fiat Chrysler grew four times faster than the rest of the carmakers in the United States in the first 11 months of 2014. Fiat Chrysler posted a 16-percent jump in sales in the US in the period, while other carmakers logged a 4-percent growth. Accounting for almost three-quarters of Fiat Chrysler’s 11-month sales is the Jeep brand, which surged 44 percent so far this year.

According to IHS Automotive, Jeep has managed to hike its brand-loyalty rating by 16 percent this year – just behind Maserati and Mitsubishi.

On the other hand, the average brand has increased its loyalty rating by just 0.4 percent. Carmakers have already topped the January-November sales figure in 2013 by around 780,000 vehicles and one out of every four of those was a Jeep.

In November alone, Fiat Chrysler logged a bigger volume increase (28,884 incremental units) than all other carmakers combined (28,582). With the November gains, Fiat Chrysler has now logged year-over-year sales surges for 56 months in row and has managed to hike its market share from 8.7 percent in March 2010 to 13.2 percent now.

The carmaker is now getting more popular with retail buyers, who now account for about eight in 10 overall sales so far this year. Chuck Eddy, a Chrysler dealer in Youngstown, Ohio, and chairman of the Chrysler National Dealer Council noted to Automotive News that the carmaker is “not a rental-car fleet anymore.”

If you liked the article, share on:

Comments

Recommended

We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
The other day, it was confirmed that Volvo will finally bring the XC40 to US soil, where it will first make an appearance at the 2017 Los Angeles Auto Show....
by - November 23, 2017
There is no question that the new BMW M5 (F90) high performance sports sedan is more powerful, faster and more enticing than the previous model. But for interested customers in...
by - November 23, 2017
Following the Tesla Roadster’s electrifying revelation on Thursday, Musk’s highly ambitious goals have skyrocketed when he tweeted about his future plans for the new sports car. Well, kind of. The...
by - November 23, 2017
Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 2017
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