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Looking at Mainstream Automakers’ 3Q16 Revenues

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Dec. 4 2020, Updated 10:42 a.m. ET

Mainstream automakers

In 3Q16, mainstream automakers’ YoY (year-over-year) global revenues didn’t reflect much optimism. Except for General Motors (GM), the largest US automaker, no other auto giant (XLY) posted a notable jump in its global revenue. 

Let’s review these mainstream auto companies’ 3Q16 revenues.

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Optimism in GM’s 3Q16 revenue

In 3Q16, General Motors’ revenue stood at $42.8 billion, a rise of 10.2% compared to $38.8 billion in 3Q15. Its positive revenue growth was primarily driven by continued strength in retail vehicle sales in North America and higher heavyweight vehicle sales.

In contrast, Ford Motor Company’s (F) revenue stood at $35.9 billion, 5.9% lower than in 3Q15 but much higher than analysts’ estimate of $33.1 billion.

Fiat Chrysler’s (FCAU) revenue stood at 26.8 billion euros, or ~$29.2 billion, in the quarter. After excluding revenue from its Ferrari (RACE) segment, FCAU’s revenue remained flat, without any major YoY changes. 

Ferrari, which was part of Fiat Chrysler’s portfolio until last year, has now separated. It was listed on the NYSE in October 2015.

Automakers’ 3Q16 global sales

In 3Q16 this year, GM reported global sales of 1.6 million vehicle units, about 5.2% higher than its sales in 3Q15.

In contrast, Ford and Fiat Chrysler’s 3Q16 sales fell 4.1% and 1.3%, respectively, in 3Q16 compared to 3Q15. Ford sold about 1.5 million vehicles in 3Q16, while FCAU’s global sales stood at 1.1 million units, excluding the sales of its joint ventures.

Read on to the next article, where we’ll see which auto company remained at the top in North America in 3Q16.

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