Fiat Chrysler Automobiles (FCAU) July U.S. Sales Increased 6.2%; Est. up 4.8% - StreetInsider.com

Fiat Chrysler Automobiles (NYSE: FCAU ) reported U. S. sales of 178,027 units, a 6 percent increase compared with sales in July 2014 (167,667 units), and the group’s best July sales since 2005. *** The Street was looking for a gain of 4. 8 percent. The Chrysler, Jeep®, and Ram Truck brands each posted year-over-year sales gains in July compared with the same month a year ago. “Last week FCA announced a 69 percent increase in second quarter profits and now we post our best July U. S. sales since 2005,” said Reid Bigland, Head of U. S. Sales. “With Jeep sales up 23 percent, we were also able to achieve our 64th-consecutive month of year-over-year sales increases. Eight FCA US vehicles set records in the month of July, including the Chrysler 200, which posted the largest percentage year-over-year increase of any FCA US vehicle in the month. In addition, the Dodge Challenger, Dodge Journey, Jeep Wrangler, Jeep Cherokee, Jeep Patriot, Jeep Compass, and Ram ProMaster each recorded their best July sales ever. Jeep brand sales increased 23 percent, the brand’s best July sales ever and its 22nd-consecutive month of year-over-year sales gains. The Jeep brand has set a sales record in every month dating back to November 2013. Four Jeep brand vehicles set records last month. Source: www.streetinsider.com