Fiat Chrysler Automobiles NV (NYSE:FCAU) posted on Monday a 17% increase in US vehicle sales in November, buoyed by demand for Ram pickup trucks and Jeep sport-utility vehicles.
The company was the exception to the rule, with Ford Motor Co (NYSE:F), Nissan Motor Co Ltd (OTCMKTS:NSANY), Toyota Motor Corp (NYSE:TM) and Honda Motor Co Ltd (NYSE:HMC) all posting declines. General Motors Co (NYSE:GM) no longer breaks out monthly sales figures.
Fiat Chrysler reported that its US vehicle sales increased to 181,310 in November, up 17% from a year earlier. US retail sales rose 6% to 136,704, the highest level since 2001. Ram led the company’s US brands with a 44% gain while Jeep sales advanced 12%.
“Our dealers saw steady customer traffic throughout the month and especially during the Thanksgiving weekend," Reid Bigland, US head of sales, said in a statement.
Nissan reported a 19% drop in vehicle sales; Honda, a 9.5% decline; and Ford, a 6.9% decrease. Toyota’s vehicle sales edged lower by 0.6%.
All of the major automakers in the US rallied Monday as the meeting between US President Donald Trump and China’s President Xi Jinping eased trade turmoil.
Contact Dennis Fitzgerald at [email protected]