December sales were in line with last year’s total, while annual sales increased nearly 8% to 15.6 million units.
Fiat North America LLC signed an agreement on New Year’s Day to acquire the remaining stake in Chrysler Group LLC. The transaction is expected to close on Jan. 20.
According to Forbes, Fiat announced it will not launch its initial public offering of Chrysler until 2014.
Not only is the number of vehicles on the road today at its highest level since 2008, the average age of the current fleet increased a full year from four years ago, Experian Automotive reports.
Chrysler Group LLC amended its initial public offering to more clearly detail its value to its majority owner, Fiat, Bloomberg reports.
Manufacturers attribute the drop in the SAAR to fewer selling days in September and Labor Day sales being included in August sales totals. One manufacturer attributes the drop to troubles in Washington, D.C.
Technologies like pilot parking, easy-fill tire alert, Wi-Fi hotspots, and hydrophobic windows will be available to most mainstream drivers a lot sooner than they might expect, Edmunds.com predicts.
Fiat is in the early stages of hiring its own team of factory reps. Officials say 50 additional staffers will be added to the team to serve Fiat dealers exclusively.
Year-to-date sales in May were up 7.3 percent, according to AutoData Corp., while the SAAR was up 1.36 million units from a year ago. Several manufacturers also reported record-breaking Mays.
Lucas Chrysler Jeep Dodge Ram has filed a lawsuit against the automaker for terminating its franchise agreement after the dealer failed to make expensive renovations to its facilities.
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