By on July 30, 2015

Jeep Wrangler American flag

Fiat Chrysler Automobiles said strong North American sales and brisk worldwide Jeep sales propelled the company to a $364 million profit in the second quarter of 2015, despite record fines from the federal government.

Overall, the company earned a pre-tax profit of $1.4 billion, which is double the $650 million it made in the same quarter last year, the Detroit Free Press reported.

The earnings beat expectations for the company, whose profit margins are still below the other domestic automakers. FCA reports its margin was 7.7 percent in the second quarter, up from 4.9 percent last year, but well behind the double-digit margins of Ford and General Motors.

FCA chief Sergio Marchionne delivered the results in London on Thursday. Wall Street responded at 11:30 a.m. ET by boosting the automaker’s shares by nearly 5 percent.

Executives said the Jeep brand was up 19 percent in the U.S. over the quarter, buoyed by record sales of the Wrangler and other models, which was the brand’s best-ever showing, according to Business Insider.

In Europe, FCA posted a $62 million profit, compared to no profit from the same time a year ago. The global automaker said it expects to ship 4.8 million cars by the end of the year.

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11 Comments on “Jeep Posts Biggest Ever Quarterly Sales Total in US...”

  • avatar

    Headline should read Jeep keeping FCA alive all on its own

    • 0 avatar

      This may be more true than you think…

      I spent 10 days in Italy earlier this month, there are a LOT of Jeeps running around Italy these days. I saw several Renegades and more than a few Wranglers in addition to Patriots and possibly Compasses. Other than Rome, I visited Tuscany and Puglia, so it wasn’t just the big city buyers.

      (I drove an older Fiat Panda around Puglia for 3 days – 5MT and reasonably fun on what could only be described as fantastic driving roads!)

  • avatar

    I don’t pray because I pretty much handle everything in this life on my own…but I hope Jesus brings Chrysler Fiat real leadership (as well as this country) – in the form of a benevolent dictator.

    Jeep is AWESOME.

    MOPAR or No Car

  • avatar

    Glad to hear the Wrangler is doing so well. I want to know how the rest of the line-up is selling especially the Cherokee and Renegade.

  • avatar

    Apparently the Detroit free press is written by financial illiterates. The 1.4 billion “pretax” number is actually ebit, or profit before taxes and interest. Profit before tax was euro 721 million (455 last year), while net profit was euro 333 million (197 last year). In other words, profit is a little over 1% of sales.

    (Fca presents its results in euros, which probably was the main source of improvement as the u.s dollar strengthens!)

  • avatar

    I can’t believe how many of those 4 door abominations they somehow call a “Wrangler” Chrysler moves. I actually assumed maybe they just quit making 2 door models, because I see none here in the OC. Plus, I’ve only seen one guy rolling the 4 door with no doors or top. One. So, you don’t want to go offroad because you bought a fucking whale, you don’t care that the top and doors come off…why the fuck didn’t you just buy a Grand Cherokee then? And this my friends is why I’m not in the business. I would have laughed down a 4 door Wrangler in every meeting ever, and I probably still would.

  • avatar

    If FCA is looking to merge with anyone then Tata motors must be its best bet.

    A Land Rover / Jeep combination would mean that both companies benefit significantly from parts sharing and they’d corner the market in SUVs selling at both the lower and top ends of the market. Jaguar/ Alfa would also benefit from the same points. Fiat meanwhile could help Tata at home.

    I’m still not sure the Tata really want to take a gamble on FCA because it comes with Fiat but realistically a FCA Tata merger is probably about the best deal FCA could do right now.

  • avatar

    I moved to New Jersey four years ago.

    The volume of Jeep Wrangler owners I see is astonishing. They don’t need to change a thing there.

    The Grand Cherokee is also a hit in the style department despite not being cheap when fully loaded out.

    I don’t think there is a american brand name that means more than Jeep.

    • 0 avatar

      Really, not surprising that the 3 auto brands to have done really well with the ever-accelerating move to SUVs/CUVs have been Land Rover/RR, Jeep and Subaru.

  • avatar

    Right, but how many will they have to buy back in a few years?

    (Couldn’t resist.)

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