Fiat sales for June 2018 show the brand sold a total of 1,426 cars last month, a 36% drop compared to the same month a year ago. The lack of availability of the traditional best selling hatch and Cabrio models has continued taking its toll on sales. Fiat closed the 500's production line last September to retool for the 2018 model year. While production of the 2018 500 has begun, the arrival of the new models have been painfully slow, and there is still a dramatic lack of cars at dealerships.
Sales of the Fiat 500L MPV have benefited from the lack of 500 hatch and Cabrio models, and while the sales show a drop of 15 percent compared to the same month last year, 500L sales year-to-date are still running 21 percent ahead of last year.
Sales of Fiat 500X and Spider were also down for June, 7 and 21 percent respectively.
As 2018 500 hatch and Cabrio models start filling dealer inventories this month it is expected sales of these models will rebound. How much they do, we will have to wait and see.
Fiat News for June
Fiat Chrysler Automobiles presented their 5-year business plan on June 1st. The highlight of the presentation is FCA has reduced its debt dramatically and will for the first time since the Fiat/ Chrysler merger in 2009, have more cash on hand than debt at the close of business in June. While the Fiat brand was not featured in the business plan outline, comments by FCA's CEO Marchionne indicate the brand will become heavily involved in Electric and Hybrid-Technology. The new 500, which is due out in the 2020 model year, will feature these alternative powertrains. With luck, we'll see the new 500 here in this country. Meanwhile, 2019 Fiat models are on in the pipeline, with 2019 model year 124 Spiders being produced and 2019 500L MPVs in dealer order books.
Released during the 5-year business plan was Alfa Romeo's 2018-2023 model roadmap. The exciting news is there will be a new GTV Coupe, an 8C supercar, a smaller crossover utility and some stretched versions of various models. We posted the complete business plan here for your enjoyment:
Joining the recently announced Fiat 500X Blue Sky Edition is a new 500X Adventurer Edition. The 500X Adventurer trim enhances the 500X's rugged, athletic good looks.
The versatile and roomy Fiat 500L won the best value and lowest ownership cost award in Automotive Science Group's Annual award study. The Best Economic Performance Award is given to the vehicle with the lowest cost of ownership in its class. The Fiat 500L beat all its competitors in its segment.
Finally, the Fiat Club America Fiat FreakOut National Convention will feature Anneliese Abarth, the wife of the late Carlo Abarth, as the keynote speaker. The Fiat FreakOut is a fun, five day event filled with activities, great people and cool cars. It shouldn't be missed.
Fiat Brand Sales in the United States January through June 2018
| Fiat 500 | Current Month | Last Year | Vol Change | Current YTD | Last Year YTD | Vol Change |
|---|---|---|---|---|---|---|
| June 500 500L 500X 124 | 354 157 514 401 1,426 | 995 184 553 510 2,242 | -64% -15% -7% -21% -36% | 2262 904 3225 1894 8,285 | 7,456 746 3980 2500 14682 | -70% 21% -19% -24% -44% |
| May 500 500L 500X 124 | 264 184 568 425 1,441 | 1240 163 703 564 2,670 | -79% 13% -19% -25% -46% | 1908 747 2711 1493 6,859 | 6,461 562 3427 1990 12440 | -70% 33% -21% -25% -45% |
| April 500 500L 500X 124 | 335 168 564 337 1,404 | 1201 115 758 465 2,539 | -72% 46% -26% -28% -45% | 1644 563 2143 1068 5,418 | 5,221 399 2724 1426 9770 | -69% 41% -21% -25% -45% |
| March 500 500L 500X 124 | 439 173 607 325 1,544 | 1671 106 726 419 2,922 | -74% 63% -16% -22% -47% | 1309 395 1579 731 4,014 | 4,020 284 1,966 961 7,231 | -67% 39% -20% -24% -44% |
| Feb 500 500L 500X 124 | 416 118 484 223 1,241 | 1131 72 640 302 2,145 | -63% 64% -24% -26% -42% | 870 222 972 406 2,470 | 2,349 178 1,240 542 4,309 | -63% 25% -22% -25% -43% |
| Jan 500 500L 500X 124 | 454 104 488 183 1,229 | 1218 106 606 240 2,164 | -63% -2% -19% -24% -43% | 454 104 488 183 1,229 | 1,218 106 600 240 2,164 | -63% -2% -19% -24% -43% |
Sources: FCA US LLC.
1 comment:
Is it correct to say that the decrease in FIAT models is due to the fact that Fiat dealers are shifting sales on more profitable Alfa Romeo models? Are the dealers the same that sell Fiat and Alfa Romeo in the US?
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