{"id":131888,"date":"2018-12-03T13:57:17","date_gmt":"2018-12-03T18:57:17","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=131888"},"modified":"2018-12-03T14:29:58","modified_gmt":"2018-12-03T19:29:58","slug":"fiat-chrysler-saves-november-auto-sales","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2018\/12\/fiat-chrysler-saves-november-auto-sales\/","title":{"rendered":"Fiat Chrysler Saves November Auto Sales"},"content":{"rendered":"
\"\"<\/a>
The Ram 1500 helped Fiat Chrysler to a 17% sales jump over last year's results for November.<\/figcaption><\/figure>\n

With a 17% sales increase Fiat Chrysler helped industry sales hold steady in November as Ford Motor Co. Nissan, Toyota and Honda all reported drops in sales for the month.<\/p>\n

Overall, full-year 2018 sales are on course to beat 2017\u2019s results and pass the 17-million milestone for the fourth straight year, a record streak, according to Cox Automotive.<\/p>\n

\"\"<\/a>
Sales News!<\/figcaption><\/figure>\n

FCA’s sales were driven by the Jeep and Ram brands, which set a variety of records in total, retail and nameplate sales. Ram led FCA US brands with a 44% increase in vehicle sales.<\/p>\n

FCA US retail sales in November rose 6% to\u00a0136,704\u00a0vehicles. It was the highest\u00a0November retail sales since 2001 when sales reached 155,706 vehicles. Fleet sales totaled 44,606 vehicles.<\/p>\n

\u201cOur dealers saw steady customer traffic throughout the month and especially during the Thanksgiving weekend,\u201d Head of U.S. Sales Reid Bigland said. \u201cWe were also honored when Motor Trend named the Jeep Wrangler as the 2019 SUV of the Year and the Ram 1500 as the 2019 Truck of the Year. The awards underscore the hard work our dealers and employees have done to make both of these vehicles a success.\u201d<\/p>\n

(North American Car, Truck and SUV of the Year finalists selected. <\/em>Click Here<\/a><\/span>\u00a0for the story.)<\/em><\/strong><\/p>\n

\"\"<\/a>
Ford's F-Series set a record of sales of 70K units for the fourth straight month.<\/figcaption><\/figure>\n

Ford Motor Co. sales dropped 6.9% as a result of what the company described as a decline in daily rental sales due to order timing. Ford fleet sales were down 7.1%\u00a0daily rental was down 32.7%, while commercial sales were up 11.8 %.<\/p>\n

Ford\u2019s F-Series marked a record nine straight months topping the 70,000 truck mark, a consistent performance by a high-volume, high-margin product unmatched in the industry.<\/p>\n

\u201cSales of our all\u00a0new Expedition and Transit Connect continue to grow, as does our mix of trucks, SUVs and\u00a0vans,” said Mark LaNeve, Ford vice president of sales, service and marketing. “This mix totaled 82% in November boosting our transaction pricing to a new record of $37,000 per vehicle.”<\/p>\n

Toyota Motor North America reported November sales of\u00a0Toyota and Lexus dropped 0.6 % on a volume basis and a daily selling rate basis.\u00a0Toyota sales fell 0.3 % on a volume basis and a DSR basis.\u00a0Lexus posted fell 2.5% on a volume basis and a daily selling rate basis.<\/p>\n

Sales by American Honda also fell by 9.5% despite a strong showing by Acura, which posted a 10.5% sales gain thanks to strong sales of utility vehicles. Sales by the Honda brand fell 11.6%.<\/p>\n

(<\/em>Click Here<\/a><\/span>\u00a0for more about Ford cutting production at plants, but\u00a0shifting workers.)<\/em><\/strong><\/p>\n

While some Nissan models saw jumps, including the Murano up 13%, Frontier up 5% and Rogue up 2%, Nissan Group sales dropped 18.6% in November with Nissan brand sales, falling 21.6% and Infiniti dropping 8.1%.<\/p>\n

General Motors no longer reports monthly sales figures but was expected to see its sales drop 4.5% during November, according to estimates by analysts.<\/p>\n

\"\"<\/a>
Nissan Rogue sales were up in November, but overall the brand's sales fell 21.6%.<\/figcaption><\/figure>\n

Interest rates for new vehicles dipped slightly in November, according to the car shopping experts at Edmunds. The annual percentage rate on new financed vehicles averaged 6% in November, compared with 6.2% in October. Edmunds experts say that this month-over-month dip can be attributed to a bump in zero percent finance deals from automakers in November.<\/p>\n

\u201cCar buyers got a bit of relief this month thanks to Black Friday deals, but an average interest rate above 6% is still a tough pill to swallow, especially for shoppers who might be coming back to the market after a number of years,\u201d said Jeremy Acevedo, Edmunds\u2019 manager of industry analysis. \u201cShoppers who purchased a car in November five years ago could feasibly be facing a 47% increase in their interest rate this November.\u201d<\/p>\n

\u201cThere were mixed average transaction price results among automakers in November 2018, even though the industry average did rise 2%,\u201d said Tim Fleming, analyst for Kelley Blue Book.<\/p>\n

(Trump threatens GM with economic sanctions.\u00a0<\/em>Click Here<\/a><\/span>\u00a0for the story.)<\/em><\/strong><\/p>\n

\u201cMuch of the growth took place in the pickup truck and mid- to full-size SUV segments, highlighting affordability concerns in more mainstream small SUV and car categories. However, incentives are making up the difference. Incentives on car segments are falling as production declines, and rising in SUV segments where competition is growing, but the incentives-to-transaction price ratio is healthy at around 10%.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

With a 17% sales increase Fiat Chrysler helped industry sales hold steady in November as Ford Motor Co. Nissan, Toyota and Honda all reported drops in sales for the month. To find out how the rest of the automaker’s fared last month, go to TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":123670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5],"tags":[],"make":[51],"post-state":[],"category_old":[150,151,123,299,191,132,283,125,139,278,288],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/131888"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=131888"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/131888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/123670"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=131888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=131888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=131888"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=131888"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=131888"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=131888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}