Fiat Chrysler's U.S. vehicle sales in the second quarter declined 38.6% as the coronavirus caused consumers to stay at home and dealerships and factories to shutter.
The hefty decline is in-line with what analysts expected for the automaker, which is among the first to report its second-quarter sales. Sales were forecast to fall by about 34% in the second quarter, including declines of 24% to 30% in June alone, according to auto research firms Edmunds andThere were no bright spots for Fiat Chrysler in the second quarter as every one of its six brands reported sales declines of between 21% and 63%. For the first half of the year, sales were off 25.
Jeff Kommor, head of U.S. sales for Fiat Chrysler, said retail sales to consumers have been rebounding since bottoming in April, however fleet sales to governments and businesses have been canceled or delayed.
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