On Thursday, Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU), surged 3.23% to $16.32.
FCA closed September with another strong monthly sales performance in Europe. Total unit sales were up 15.6% year-over-year (+9.8% for the industry) to 79,700 units. For the nine months year-to-date, unit sales totaled 668,000 vehicles - an improvement of 13.5% over the same period in 2014 contrast with 8.8% for the industry overall. The Fiat 500 and Panda continued as leaders in the European A segment, registering a combined share of nearly 28.0% for the year-to-date. The 500L marked its 12th successive month as leader in the Small MPV segment (with a 22.5% share year-to-date) and the 500X continued as one of the most popular vehicles in the Small SUV segment. On the back of these individual performances, the Fiat brand outpaced the industry average once again, posting a 15.0% year-over-year improvement in September sales. The Jeep brand also maintained its momentum, with the Renegade driving a 158.7% sales improvement in Europe.
Fiat maintained its lead in the European A segment with the 500 and Panda accounting for a combined 27.2% share in September and nearly 28.0% for the year-to-date. Launched in markets across Europe in July, the new 500 contributed to the model’s A-segment leadership for both the month and the year-to-date. The 500L also ranked number one in the Small MPV segment for both September and the year-to-date. With more than 66,300 vehicles sold so far this year, the 500L held a 22.5% segment share. The 500X also made a strong contribution, having firmly established itself among the most popular models in the Small SUV segment with more than 50,000 units sold so far this year. In Italy, the 500X was the best selling vehicle in its segment for the month and the year-to-date. The 500 family continues to be popular across Europe, with 62.4% of sales generated outside of Italy.
Lancia/Chrysler posted September sales of 4,700 vehicles and market share was 0.3%. Year-to-date, brand sales across Europe totaled more than 48,300 units and market share was 0.4%.
In Italy, Lancia’s core market, brand sales were up 3.8% for the year-to-date and sales of the Ypsilon raised 11.9%.
Alfa Romeo posted September sales of 5,000 vehicles and market share remained stable at 0.4%. September sales were up 11% year-over-year in Italy and 35.2% in Austria.
Year-to-date, the brand’s European sales totaled 43,500 units, with improvements of 7.8% in Italy and 28.2% in Austria, and market share was 0.4%.
Sales of the Giulietta were up 6.5% year-over-year in September and 0.6% for the year-to-date.
Jeep marked its 23rd-successive month of sales growth in September with unit sales up 132.5% to more than 8,500 vehicles. Market share was double the prior year’s level at 0.6%. The brand posted improvements in all major European markets, significantly outperforming the industry average. By market, unit sales were up 251.6% in Italy, 44.1% in Germany, 148.3% in France, 175.2% in the UK and 221.2% in Spain.
Year-to-date, sales raised 158.7% to 65,700 vehicles and market share doubled to 0.6%.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
On other hand, Coach, Inc. (NYSE:COH), over the previous 12 months has kept return on assets at 9.66%, up from industry’s average of 7.83% and sector’s average of 7.46%, according to Reuters. The stock has lost -2.96%, reaching at $29.86, after hovering between $27.22 and $43.87. The overall volume in the last trading session was 4,512,160 shares. Its fifty two weeks range was $27.22 - 43.87. The total market capitalization remained at $8.29B.
Coach, Inc. provides luxury accessories and lifestyle collections in the United States. The company offers handbags, rings, charms, small leather goods, and novelty accessories for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, belts, and time administration and electronic accessories for men.
