BidaskClub Lowers Fiat Chrysler Automobiles (NYSE:FCAU) to Buy

The 2017 Chrysler Pacifica

That's down from last year's 17.7 million pace and slower than the blistering clip of the past two months, but still marks one of the better months this year.A finalised figure won't be available until Monday due to a reporting delay for Nissan Motor, which said an IT system outage would postpone the release of its results.The Japanese automaker estimates its United States sales rose about 14 per cent based on preliminary figures, which would be better than analysts' average estimate.Targetted deals " Vehicle sales are much stronger now than in the spring and summer", said Jonathan Smoke, chief economist for Cox Automotive, which owns car-shopping websites including Kelley Blue Book.

Despite that, Ford posted a 5.2% increase in sales of its Ford brand passenger cars, reflecting a 44.9% jump in sales of the Focus.

Ford's Edge crossover and Explorer SUV were up 22.5 percent and 24.8 percent, respectively. Chrysler was the only brand to post an increase in November, up 14 percent on a hot month for the Pacifica minivan, which saw a 51 percent increase in deliveries. 1, 2017, automakers report US sales of new vehicles in November.

Sales declined at four General Motors brands: 1.1 percent at Chevrolet, 5.8 percent at GMC, 3 percent at Buick and 12.8 percent at Cadillac. While total deliveries dropped for General Motors Co. and Fiat Chrysler, both curbed shipments to fleet customers and said retail demand was strong.

"More vehicles are sold in December than any other month and we are very well positioned because we have momentum in so many segments, but especially in crossovers", said Kurt McNeil, U.S. vice president of Sales Operations.

Through the first 10 months of 2017 fleet sales represented 20.4% of the company's total sales, the lowest level since 2001, according to spokesman Ralph Kisiel.

FCAU has been the subject of several other reports.

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Toyota reported a sales drop of 3 percent for the month, to 191,617 units, compared to November 2016.

Despite significant gains for FCA's Jeep Compass and Cherokee, the Jeep brand's sales fell 2 percent.

He was also bullish on the industry, saying that "through November, the auto industry remains on track to have its third consecutive year of new vehicle sales topping 17 million, in-line with our expectations". The carmaker's year-to-date sales, as of November 30, were down 1.1 percent, from 2.72 million last year to 2.69 million this year. Increased truck and SUV sales were offset by steep declines in vehicle sales. The company noted that supplies of the all-new 2018 Accord are continuing to ramp up, which would help explain its 15.4% decline.

Honda Motor and Ford Motor reported bigger United States sales gains than expected for last month as big rebates and cut-rate financing offers lured buyers into showrooms. Genesis luxury sales rose slightly. One analyst suggested that sales of the larger, three-row Ascent SUV, which was revealed at the Los Angeles Auto Show this week, could canabalize Outback sales.

The report in-question was published Monday by Le Monde, and it says that the possible charges were alluded to in a report from France's anti-fraud organization.

Sales continue to remain solid, when compared with record results from the past two years and, even better news for automakers, prices are on the rise.

"Prices are being driven higher by the shifting sales mix away from cars, which now stands at just 34%", said Tim Fleming, analyst for Kelley Blue Book.

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