Fiat Chrysler, Nissan US July sales rise

The Pak Banker - - COMPANIES/BOSS -

Fiat Chrysler Au­to­mo­biles and Nissan Mo­tor Co Ltd said on Mon­day their U. S. July sales out­stripped ex­pec­ta­tions on the strength of sport util­ity ve­hi­cles sales.

Fiat Chrysler said sales rose 6 per­cent on the strength of Jeep SUVs. Nissan said U.S. sales rose 7.8 per­cent.

Fiat Chrysler Au­to­mo­biles and Nissan are the first ma­jor au­tomak­ers to re­port U.S. July sales, which an­a­lysts have forecast would rise about 3 per­cent from a year ago. FCA forecast sales will come in above that es­ti­mate.

Car-buy­ing web­site TrueCar Inc said a record $47 bil­lion was spent in July on new-ve­hi­cle pur­chases, up 2.l per­cent from a year ear­lier. Fiat Chrysler Au­to­mo­biles sales were led by a 23 per­cent in­crease for Jeep SUVs. Jeep Wran­gler was the brand's big­gest seller at 19,320, up 18 per­cent.

The Jeep to­tal was helped by sales of 6,320 com­pact Rene­gade SUVs, which was not on the mar­ket a year ago. It was the 64th straight month that Fiat Chrysler Au­to­mo­biles sales in­creased on a year-overyear ba­sis.

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