Fiat Chrysler Automobiles has reported U.S. sales of 175,974 units, a three percent increase compared with sales in November 2014 (170,839 units), and the group’s best November sales since 2000.
The Jeep and Ram Truck brands each posted year-over-year sales gains in November compared with the same month a year ago. The Jeep brand’s 20 percent increase was the largest sales gain of any FCA US brand during the month. The group extended its streak of year-over-year sales gains to 68 consecutive months.
“Despite having two less selling days this November, FCA US still recorded its best November sales since 2000 and our 68th consecutive month of year-over-year sales increases,” said Reid Bigland, Head of U.S. Sales. “The favorable I.O.U. environment of low interest rates, oil prices, and unemployment, coupled with our strongest product line up ever, continues to be a significant driver of FCA sales.”
Seven FCA US vehicles set records in the month of November, including four Jeep brand vehicles. The Jeep Cherokee, Jeep Compass, Jeep Patriot and Jeep Wrangler each recorded their best November sales ever. The Chrysler Town & Country minivan posted a 20 percent sales gain, the largest percentage year-over-year increase of any FCA US vehicle in the month. The Dodge Challenger, Dodge Journey and Ram pickup truck also turned in their best November sales ever.
FCA US finished the month of November with an 86-day supply of inventory (659,063 units). U.S. industry sales figures for November are internally projected at an estimated 18.4 million units Seasonally Adjusted Annual Rate (SAAR).