With last month’s annualized selling rate at 17.2 million units, the US auto market has seen around 780, 000 more vehicles sold during the first 11 months of the year. Of that growth, 25% of the gains are attributable to Jeep branded models.
While almost every automaker in the US has seen better sales this year, the true king of the hill could be in the end the newly merged Fiat Chrysler Automobiles, an automaker that has increased sales four times as fast as the overall pace of the industry. Rising 16% during the first 11 months of the year, FCA continues to gain further traction on the market, just as US sales are now expected to lose some steam – with critics even seeing it hitting the plateau next year. Jeep’s spectacular year has helped the group even outpace all other automakers combined when it comes to the volume gains: 28,884 units versus 28,582 for the rest of the pack.
Overall, the third-largest US carmaker has seen its deliveries increasing 56 consecutive months, with a market share continuously on the rise: it started at 8.7% back in March 2010 and now stands at 13.2% in November. More so, in terms of profit the company is even better – 56 months ago just half of the sales were heading to retail buyers. Now, around 8 in ten vehicles are sold to individual customers, turning the perception of a rental-car brand. With sales on track to reach a total of 16.4 million units this year, the largest contributor to the growth has been Fiat Chrysler, with sales up 16% so far – everyone else (and excluding FCA) have grown 4%.
Via Automotive News