FCA Set to Make the Switch to Quarterly Sales Reports
FCA will start publishing sales reports on a quarterly basis starting with the second half of the year
Traditionally, automotive sales reports have been published on a monthly basis. However, many automakers have recently begun to publish these reports on a quarterly basis instead.
The latest automaker that will transition to monthly sales reports is Fiat Chrysler Automobiles.
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Immediately after releasing April’s sales numbers, FCA announced that it would begin publishing quarterly sales reports after the month of June. Monthly sales reports will still be published for the months of May and June.
Similarly to the company’s monthly sales reports, FCA’s quarterly sales reports will include sales to retail customers, fleet sales, and any additional retail transactions. However, it will not list how many of each model were sold during each month.
FCA’s chief rivals have already made the switch to quarterly sales reports. General Motors was the first to do so last year, while Ford just recently made the switch.
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According to these automakers, quarterly sales reports offer a much more consistent view of how each company’s sales are performing. Sales data from individual months could be affected by any number of outside factors, such as natural disasters.
“A quarterly sales reporting cadence will continue to provide transparency of our sales results while at the same time aligning with where industry practice is heading,” said Niel Golightly, FCA’s Chief Communications Officer.
The first quarterly sales report from FCA will be published on Oct. 1, 2019, containing sales date from the months of July, August, and September. Until then, you can stay tuned to The News Wheel for FCA’s May and June monthly sales reports.