Fiat, Owner Of Chrysler, Reports Best November U.S. Sales Since Recession
Chrysler Group LLC, a subsidiary of Italian company Fiat S.p.A. (Milan: F), reported November 2012 U.S. sales of 122,565 units, a 14-percent rise from last year, the best November since 2007 and the 32nd consecutive month of year-over-year gains.
The Dodge brand saw a 32-percent increase in sales, led by the Dodge Journey family crossover that hit a record 77 percent sales gain for November and the Dodge Grand Caravan minivan, which saw a 42 percent rise in sales, the highest since before the 2008-09 recession.
Fiat brand sales led the way, with a 123 percent gain in November sales, while Chrysler brand sales grew 1 percent, the highest since 2008. The Ram Trucks brand sales grew 23 percent, the best rate in five years. The Ram Cargo Van saw a record-breaking 226-percent sales pop.
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Jeep brand sales were down 3 percent. The Jeep Wrangler four-wheel-drive SUV set a November sales record with a 12-percent rise in unit sales.
Fiat S.p.A. (Milan: F) shares rose 0.96 percent to €3.59 ($4.67) on Tuesday in Milan.
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