Cars
SUVs Are Hotter Than Ever, But Jeep May Be Building Too Many Wranglers
- Fiat Chrysler has gone almost all-in on trucks and SUVs
- Oversupply anxiety has been weighing on carmakers’ shares
Source: FCA
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An unexpected spike in inventory of Fiat Chrysler Automobiles NV’s most iconic Jeep is stoking concern that the American SUV boom that’s fueled Detroit automakers’ profit is reaching its limits.
Dealers had 166 days’ supply of Jeep Wranglers at the beginning of this month, up from 116 days at the start of the year, and 120 days a year ago, according to data from Automotive News. Inventory of the rugged off-road sport utility vehicle was almost double the days’ supply of cars and light trucks industrywide.