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Jeep was responsible for a stunning 55% of Asia-Pacifica Fiat Chrysler sales in the second quarter, according to the company’s financial results. While the group’s sales fell by 20% (by revenue) from the prior year, mostly due to hits in China (27%) and Australia (9%), it did have gains in India (12%) and Japan (2%) which outperformed the market.
Jeep sales are expected to increase in China once domestic production begins and a new dealer channel is set up in coordination with partner GAC. China penalizes imported cars heavily, favoring domestic production — which must be done as a joint venture, since foreign companies are not allowed to own more than half of any production facility in China.
By volume,Fiat sales plummeted in the Asia-Pacific region by a whopping 36%. (...) →
Jeep star of FCA Asia is from Allpar News.
More...
Jeep sales are expected to increase in China once domestic production begins and a new dealer channel is set up in coordination with partner GAC. China penalizes imported cars heavily, favoring domestic production — which must be done as a joint venture, since foreign companies are not allowed to own more than half of any production facility in China.
By volume,Fiat sales plummeted in the Asia-Pacific region by a whopping 36%. (...) →
Jeep star of FCA Asia is from Allpar News.
More...