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How Were Fiat Chrysler’s Sales in May?

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Price movement

Fiat Chrysler Automobiles (FCAU) fell by 1.6% to close at $6.76 per share at the end of the third week of June 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.6%, -4.1%, and -51.7%, respectively. This means that FCAU is trading 2.7% below its 20-day moving average, 8.8% below its 50-day moving average, and 34.3% below its 200-day moving average.

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Related ETF and peers

The Vanguard FTSE Developed Markets ETF (VEA) invests 0.10% of its holdings in Fiat Chrysler. The ETF tracks a market-cap-weighted index of large-cap and mid-cap stocks from developed markets outside the US, dynamically transitioning to include small caps and Canadian stocks. The YTD price movement of VEA was -3.9% on June 17, 2016.

The market caps of Fiat Chrysler’s competitors are as follows:

  • Toyota (TM): $174.7 billion
  • Ford (F): $53.3 billion
  • Tesla (TSLA): $33.0 billion

Fiat Chrysler’s sales in May 2016

Below is a breakdown of Fiat Chrysler’s US sales in May:

  • Fiat Chrysler US: 204,452 units, which is a rise of 1.1% over May 2015
  • Jeep: 90,545 units, which is a rise of 13.7% over May 2015
  • Chrysler: 24,276 units, which is a fall of 18.5% from May 2015
  • Dodge: 42,837 units, which is a fall of 5.4% from May 2015
  • Fiat: 3,137 units, which is a fall of 18.9% from May 2015

Here’s the breakdown for sales in Canada:

  • Fiat Chrysler Canada reported net sales of 31,724 units, a rise of 0.34% from May 2015.
  • Dodge Grand Cherokee reported sales of 6,169 units, a rise of 87.8% from May 2015.
  • Jeep Grand Cherokee reported sales of 2,003 units, a rise of 40.5% from May 2015.
  • Dodge Challenger reported sales of 665 units, a rise of 17.5% from May 2015.
  • Jeep reported sales of 9,881 units, a rise of 3.7% from May 2015.

The breakdown of sales in Italy is as follows:

  • FCA Italy reported a rise in sales of 33.3% from May 2015.
  • Fiat brand reported a rise in sales of 33.0% from May 2015.
  • Lancia reported a rise in sales of 38.0% from May 2015.
  • Alfa Romeo reported a rise in sales of 7.1% from May 2015.
  • Jeep reported a rise in sales of 60.9% from May 2015.

Finally, here’s the breakdown of the company’s sales in Europe:

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  • Fiat Chrysler Europe reported total sales of 98,000 units, a rise of 25.3% from May 2015.
  • Sales in Italy rose by 33.3% from May 2015.
  • Sales in France rose by 28.1% from May 2015.
  • Sales in Germany rose by 8.9% from May 2015.
  • Sales in Spain rose by 37.0% from May 2015.
  • Fiat brand reported European sales of 74,500 units, a rise of 26.8% from May 2015.
  • Jeep brand posted sales of ~9,900 units, a rise of 30.0% from May 2015.

FCA’s rating

Citigroup has downgraded Fiat Chrysler’s rating to “sell” from “neutral.”

The latest news from Fiat Chrysler

In a press release on June 17, 2016, the company stated, “China’s Guangzhou Automobile Group (or GAC) has not expressed an interest in buying a stake in Fiat Chrysler Automobiles.” The company also stated, “The second quarter results were in line with expectations, confirming the company’s guidance for the year.”

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