Fiat's April U.S. Sales Get Boost From Jeep; Ford Misses: Chartby and
On the whole, April was a good month for automakers as American consumers are still drawn by that new-car smell. Fiat Chrysler Automobiles NV said its U.S. sales rose 5.6 percent last month, beating analysts estimates and extending its streak of monthly gains to more than six years thanks to the popularity of Jeep sport utility vehicles and Ram pickups. The big-three Japanese automakers of Nissan Motor Co., Toyota Motor Corp. and Honda Motor Co. also exceeded estimates, while Ford Motor Co. and General Motors Co. missed. The industry is on track for 17.8 million in new car and light truck deliveries in 2016, surpassing last year’s record, according to a Bloomberg survey.