Fiat Chrysler’s 4Q16 revenues
In 4Q16, Fiat Chrysler Automobiles’ (FCAU) total revenues were 29.7 billion euros, or $31.7 billion. After excluding revenues for the Ferrari segment, FCAU’s revenues rose 1.0% YoY (year-over-year). Ferrari (RACE) was part of Fiat Chrysler’s portfolio until last year when it separated and was listed on the New York Stock Exchange in October 2015.
Now let’s take a closer look at Fiat Chrysler’s 4Q16 revenues. Note that FCAU reports its earnings in euros. So you should pay attention to its euro financial figures to get a fair idea of the existing trend.
Total shipments fell
FCAU’s consolidated shipments in 4Q16 were 1.15 million vehicle units against 1.20 million in 4Q15. That reflects a fall in consolidated shipments of about 4.0%. Combined shipments, which include shipments of the company’s joint ventures, also fell about 2.0% year-over-year in 4Q16. The primary reason behind the fall was the company’s lower shipments in North America.
Lower NAFTA revenues
By vehicle sales volume in 2016, FCAU was the fourth-largest automaker in the United States. In 4Q16, it shipped about 645,000 vehicles in North America, which was about 12.0% below the 731,000 vehicle units shipped in 4Q15. The company’s revenues from the NAFTA (North American Free Trade Agreement) region fell 7.0% to 17.7 billion euros, or $18.9 billion.
In the next part of this series, we’ll take a look at Fiat Chrysler’s 4Q16 revenues from its other key markets.