FCA Reports Lower Q1 Results

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Thread: FCA Reports Lower Q1 Results

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    FCA Reports Lower Q1 Results

    Despite Strong Performance By Ram Pickups, FCA Reports Lower Q1 Results
    Friday May 3, 2019
    LINK






    FCA released Q1 financial results today, Friday, a day often saved for bad news. And while the news is not all bad, it was not great either. Ford and General Motors shared Q1 results during the past week and both delivered solid numbers in tough conditions. Ford even surprised a few analysts.

    Auto sales are down across the industry in the all-important, profitable U.S. market, and FCA’s volume in Q1 was reflective of the slowing industry. In all, FCA’s U.S. sales volume decreased by 3.2% versus year ago levels in the U.S. according to Kelley Blue Book, roughly in line with the industry. Only the Ram brand showed an increase in volume. The other five FCA brands declined, significantly in the case of Chrysler and Fiat.

    Jeep and Ram are the engine that power the company’s revenue performance. According to Kelley Blue Book data, transaction prices were up with five of the six FCA brands. Ram brand saw transaction prices up nearly 6% versus year-ago level. Transaction prices for the all-important Ram pickup, which outsold rival Chevrolet Silverado in Q1, were up over 7%. Still, Ram’s growth, coupled with higher transaction prices, was not enough to offset drops elsewhere. Unlike Ford in Q1, which saw an increase in revenue in North America despite lower volumes, higher revenue at FCA brands were not enough to offset the lower volume. Overall, revenue dropped in Q1 vs 2018.

    In Q1 2019, rivals Ford and GM were also able to significantly reduce incentive spending, with Ford dropping nearly 8% and GM cutting spend by more than 15%. FCA, on the other hand, struggled with incentive spending. Three of the company’s 6 brands saw spending increases. While spending was down for Jeep and Ram, which helped deliver an overall incentive decrease of 1% in the quarter, it was not enough. In North America, overall earnings for FCA dropped.






    Last edited by eastcoasthd; 05-04-2019 at 11:35 AM. Reason: Update chart
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    2.8 Liter Turbocharged V6 CMiatso DaBang's Avatar
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    How did I skim the entire article and not once see a dollar amount?
    My current crop is 2016 CTSV Fully loaded, 2016 Corvette Z06 3LT fully loaded, 2015 GMC Yukon SLT Fully loaded, 2014 Impala LTZ, fully loaded, 2011 Chevy Cruze (kid's) LTZ, fully loaded, 1966 Chevy Impala SS 396 4spd Muncie 3.73 gears, 2003 Harley Softail with Rinehart exhaust, 2016 Harley Night Rod Special

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    Re: FCA Reports Lower Q1 Results

    my "readers digest" take on it is if it is NOT a JEEP OR a RAM FCA CAN NOT SELL IT without BIG MONEY spend and still down

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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by CMiatso DaBang View Post
    How did I skim the entire article and not once see a dollar amount?
    From the FCA presser....
    LINK




    —————————————————————————————————————————————————— ————————


    English translation....

    Ram Drives Fiat Chrysler's First-Quarter Profits, Which Drop 47% From A Year Ago
    Eric D. Lawrence, Detroit Free Press Published 8:09 a.m. ET May 3, 2019 | Updated 5:46 p.m. ET May 3, 2019
    LINK


    Ram pickups powered Fiat Chrysler Automobiles' earnings in the first quarter of 2019, although the automaker saw those numbers drop compared with the same period last year.

    The automaker reported a net profit of $567 million (508 million euros), a drop of 47%.

    Adjusted earnings before interest and taxes were $1.19 billion (1.07 billion euros), down from $1.67 billion (1.5 billion euros). Revenues at $27.3 billion (24.5 billion euros), were down from $28.7 billion (25.7 billion euros).

    Adjusted earnings per share of 40 cents (0.36 euros) were below analysts' expectations.

    FCA CEO Mike Manley, however, pledged that the company's overall performance would improve later in the year.

    "The first quarter will in fact be the lowest quarter that we have," Manley said during a conference call Friday.

    FCA is a global automaker but its first-quarter results showed just how much it depends on North America. Adjusted earnings for North America were at $1.16 billion (1.04 billion euros), down from $1.36 billion (1.22 billion euros) in the same quarter last year.

    The company's results in both Asia and Europe saw declines from the first quarter of 2018 in earnings before interest and taxes, although that was up in Latin America.

    More at the link...
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    Re: FCA Reports Lower Q1 Results

    Interesting that RAM's ATP is higher than Alfa's. I'm surprised Alfa is comparatively low.

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    They sold 4.65 million last year globally.. And made less than $600 Mil for the Q1. And I'm over in another thread defending why GM is pushing ATPS over sales bragging rights still
    Last edited by CMiatso DaBang; 05-04-2019 at 01:23 PM.
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    Re: FCA Reports Lower Q1 Results

    This is what happens when you buy your market share with bargain basement pricing and lease rates. You may get bragging rights over the sales numbers, but that's all you get...


    Pft.....Alfa and Fiat....now THAT'S a disaster. Totally worth raping and pillaging ChryCo for their development.

    But hey, at least they are selling what people want amiright Too bad no one's willing to pay for it.
    Last edited by JimmyDiablo; 05-04-2019 at 12:18 PM.

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    Quote Originally Posted by richmond2000 View Post
    my "readers digest" take on it is if it is NOT a JEEP OR a RAM FCA CAN NOT SELL IT without BIG MONEY spend and still down
    Jeep and Ram is where the discounts are. How long before this outfit is owned by PSA?

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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by mbukukanyau View Post
    Jeep and Ram is where the discounts are. How long before this outfit is owned by PSA?
    But my local dealership offering $8k off the new Silverado isn't where the discounts are either? Some of you are really hilarious.

    https://www.riversidechryslerjeepdod...13b04b76a2.htm

    https://www.chevroletofnewbern.com/V...-NC/3385613353

    Similar trim level, same discount. I've see a ton of new RAM's around here and only a few new Chevrolet's. As a former diehard GM truck guy I certainly wouldn't buy the Silverado.
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    Quote Originally Posted by ryannel2003 View Post
    Quote Originally Posted by mbukukanyau View Post
    Jeep and Ram is where the discounts are. How long before this outfit is owned by PSA?
    But my local dealership offering $8k off the new Silverado isn't where the discounts are either? Some of you are really hilarious.

    https://www.riversidechryslerjeepdod...13b04b76a2.htm

    https://www.chevroletofnewbern.com/V...-NC/3385613353

    Similar trim level, same discount. I've see a ton of new RAM's around here and only a few new Chevrolet's. As a former diehard GM truck guy I certainly wouldn't buy the Silverado.
    Silverado is not yet anywhere near full roll out, let alone GMC , plus even the diesel is not out yet for Silverado, GM released its first Q earnings, no where near the dissaster FCA is, pretty soon, you will be buying your ram from Tevares.
    When its your money, by all means spend it on a fiat product if ya wish, its your money.

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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by mbukukanyau View Post
    Silverado is not yet anywhere near full roll out, let alone GMC , plus even the diesel is not out yet for Silverado, GM released its first Q earnings, no where near the dissaster FCA is, pretty soon, you will be buying your ram from Tevares.
    When its your money, by all means spend it on a fiat product if ya wish, its your money.
    You really need to stop with that full roll out crap. It's old and if you're ok with accepting an overall mediocre product than so be it. When I worked at the GMC dealership we had trucks rolling in daily with double and crew cabs for at least the last two months. FCA might have some problems but RAM and Jeep aren't the problem... it lays squarely with Fiat and Alfa.

    If GM had the balls to build a decent full size RWD car that didn't cost more than $50k then I wouldn't have a Dodge Charger. But they don't.
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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by ryannel2003 View Post
    You really need to stop with that full roll out crap. It's old and if you're ok with accepting an overall mediocre product than so be it. When I worked at the GMC dealership we had trucks rolling in daily with double and crew cabs for at least the last two months. FCA might have some problems but RAM and Jeep aren't the problem... it lays squarely with Fiat and Alfa.

    If GM had the balls to build a decent full size RWD car that didn't cost more than $50k then I wouldn't have a Dodge Charger. But they don't.
    You never bought the SS, though it was on a newer-better engineered RWD Chassis

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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by mbukukanyau View Post
    Jeep and Ram is where the discounts are. How long before this outfit is owned by PSA?
    Unless Renault grab it before PSA by taking the left lane.

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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by mbukukanyau View Post
    You never bought the SS, though it was on a newer-better engineered RWD Chassis
    Yeah because it was bland and lacked any type of visual appeal. Not to mention within three years it would nearly be impossible to get parts for it. Just ask G8, GTO or even XLR owners how easy it is to get parts for it. Not to mention I didn't need the V8 and GM didn't sell a large RWD V6 car. I agree about the chassis part and the interior was definitely higher quality.

    It's all good though because I've already picked out my Sublime 392 Charger as my next car within a few years.
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    Re: FCA Reports Lower Q1 Results

    Quote Originally Posted by mbukukanyau View Post
    Silverado is not yet anywhere near full roll out, let alone GMC ..................
    What is your source for this comment?
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