Fiat Chrysler was first out of the box with April sales figures this morning and they rose 6 percent for the company’s best April since 2005. Jeep sales rose 17 percent for the brand’s best April sales ever. Dodge sales fell 3 percent while Chrysler sales were off 18 percent.
Even before the first figures came out, Kelley Blue Book reported that new car transaction prices rose nearly 2 percent. The truck segment posted the largest increase. Overall, new car prices increased by $620 to $33,865 in April with mid-sized trucks climbing nearly 7 percent. Fiat Chrysler has the largest increase in transaction prices, up nearly 5 percent.
Look for an update a bit later this morning after GM and Ford report.
Fiat Chrysler spun off Ferrari into a standalone company last January, and now FCA CEO Sergio Marchionne has been named, as expected, Chief Operating Officer at Ferrari. He replaces the retiring Amedo Felisa who has been with Ferrari for 26 years and will retain his seat on the Ferrari board. The company recently report record first quarter earnings with shipments up 15 percent.
Nissan is recalling 3.1 million vehicles in the U.S. to fix a faulty airbag sensor that may not detect the presence of a front seat passenger. Involved are 2013-17 Nissan Altima, LEAF, Maxima, Murano, Pathfinder, Sentra, Rogue, NV200/Chevrolet City Express/Taxi, Infiniti JX35/QX60 and Q50.
First quarter operating profit fell almost 3 percent at BMW as the automaker spent more on self-driving car technology. Worldwide profits were also affected by currency fluctuations.