Fiat Chrysler (FCAU) U.S. Sales Rose Less-than-Expected in June 2016

• Jeep® brand sales up 17 percent; best June sales ever
• Four Jeep brand vehicles record their best June sales ever
• Ram Truck brand sales up 14 percent; best June sales in a decade
• Dodge brand sales up 3 percent for best June sales in two years

FCA US LLC reported U.S. sales of 197,073 units, a 7 percent increase compared with sales in June 2015 (185,035 units), and the group's best June sales in 11 years.

*** NOTE: The Street was looking for an increase of 8.9 percent.

The Jeep®, Dodge and Ram Truck brands each posted year-over-year sales gains in June compared with the same month a year ago. The Jeep brand's 17 percent increase was the brand's best June sales ever, while Ram achieved its best June sales in a decade.

"Strong Jeep and Ram Truck brand sales fueled our best June sales in 11 years," said Reid Bigland, Senior Vice President – Sales, FCA – North America. "In spite of some severe stock market volatility in June, the American consumer stayed focus on buying new vehicles and propelled FCA to six vehicle sales records last month."

Four of the six sales records in June were set by Jeep brand models. The Jeep Wrangler, Jeep Patriot, Jeep Compass and Jeep Renegade each posted their best June sales ever. The Jeep brand continues to set records by logging its best June sales ever. In addition, the Ram ProMaster City van and the Fiat 500X each turned in their best June sales ever.

Jeep® Brand Jeep brand sales were up 17 percent for its best June sales ever and its 33rd-consecutive month of year-over-year sales gains. The Jeep brand has set a sales record in every month dating back to November 2013. Four Jeep brand vehicles set June sales records. The Jeep Wrangler, Jeep Patriot, Jeep Compass and Jeep Renegade each posted their best June sales ever. Sales of the Jeep Grand Cherokee were up 9 percent for its best June sales since 2005. The Jeep Wrangler Unlimited and the Grand Cherokee each won their segments last month in Strategic Vision's annual Total Quality Impact™ (TQI). The Grand Cherokee won in the Mid-size SUV category while Wrangler Unlimited topped the Entry SUV classification.

Ram Truck Brand Ram Truck brand sales, which include the Ram pickup, Ram ProMaster and Ram ProMaster City, were up 14 percent for its best June sales in a decade. Ram pickup truck sales increased 14 percent in June, the pickup's best June sales since 2004. In addition, the Ram ProMaster City van recorded its best June sales ever. Last month, the Ram Truck and Mopar brands introduced the Mopar '16 Ram Rebel, the most recent limited-edition vehicle created using a unique selection of performance parts and accessories from the service, parts and customer-care brand of FCA US. The Mopar '16 Ram Rebel will feature a limited production of just 500 vehicles, upgraded with Mopar Custom Shop options. Additional parts and accessories are available at the dealership for even further customization.

Dodge Brand Dodge brand sales were up 3 percent in June compared with the same month a year ago. Sales of the Dodge Grand Caravan were up 79 percent last month for the minivan's best June sales since 2008. In addition, sales of the Dodge Durango increased 38 percent for the full-size SUV's best June sales in a decade. The Dodge brand is celebrating the 25th anniversary of the Dodge Viper with five limited-edition models that commemorate the final year of Viper production and highlight several of the most iconic special edition Vipers of the past. Also last month, the Dodge Challenger led the Specialty Coupe segment for total quality in Strategic Vision's Total Quality Impact™ (TQI).

FIAT Brand Sales of the 500X – in its second month of year-over-year comparisons – were up significantly in June compared with the same month a year ago. FIAT brand sales, which include the Fiat 500, Fiat 500L and 500X, were down 19 percent in June, compared with the same month a year ago. For the second-consecutive year, the 500 was tops in total quality in the Micro Car segment in Strategic Vision's annual Total Quality Impact™ (TQI).

Chrysler Brand The all-new 2017 Chrysler Pacifica continues to gain momentum in the marketplace. In its third month on sale, the Pacifica minivan posted sales of 7,207 units, up significantly from its sales in the previous month of May. U.S. News & World Report recently announced the Pacifica as the No. 1 ranked minivan in the industry, highlighting Pacifica's innovative features and technology. Chrysler brand sales were down 20 percent in June compared with the same month a year ago.

Method of Determining Monthly Sales. FCA US's reported vehicle sales represent unit sales of vehicles to retail and fleet customers, limited deliveries of vehicles to others such as its officers, directors, employees and retirees and vehicles used for marketing. Reported vehicle unit sales do not necessarily correspond to reported revenues, which are based on FCA US's sale and delivery of vehicles, and typically recognized upon shipment.

Sales from dealers to retail customers are reported to FCA US by dealers through a new vehicle delivery reporting (NVDR) system which then compiles the reported data as of the end of each month. In certain circumstances in which the customer or end user is known at the time of shipment, including fleet sales, vehicle unit sales are reported through FCA US's management reporting system based on management's determinations. These determinations may be made after the dates on which vehicles are shipped; however, all vehicles reported as sold in the monthly sales report have been shipped, and FCA US has recognized revenue with respect to such vehicles, at or prior to the date on which the vehicle unit sale is reported.

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