The Jeep brand reported its first monthly U.S. sales gain since September 2016, rising 2.2 percent.
DETROIT -- FCA US recorded a 17th consecutive month of declining sales in January, falling 13 percent to 132,803 vehicles. All brands except Jeep and Alfa Romeo declined by double digits. The company's fleet mix dropped to 16 percent for the month, from 32 percent a year ago.
Brands: Jeep up 2.2%; Ram down 16%; Chrysler down 21%; Fiat down 43%; Dodge down 31%; Alfa Romeo 1,648 vehicles.
Notable nameplates: Ram pickup down 13%; Chrysler Pacifica up 20%; Jeep Cherokee up 16%; Jeep Grand Cherokee down 5.4%; Jeep Wrangler up 3.6%; Jeep Compass up 222%; Dodge Journey down 73%; Alfa Romeo Stelvio, sales of 688 vehicles.
Incentives: $4,379 per vehicle, up 3.8% from a year earlier, according to ALG.
Average transaction price: $34,468, up 3.9% from a year earlier, ALG says.
Fleet mix: 16%. Fleet sales down 50% from a year earlier. Retail deliveries up 2%.
Inventory: 558,179 vehicles, a 105-day supply, up from 84 in December.
U.S. market share: 11.6% in January 2018 vs. 12% for all of 2017 and 13.4% in January 2017.
Did you know? The Jeep brand reported its first monthly sales gain since September 2016, rising 2.2 percent. January is almost always the highest inventory level of the year for FCA, in terms of days supply, but the company's 105-day supply of unsold vehicles the company's highest level since January 2014.