How Will Fiat (FIATY) Stock Respond To Increased Chrysler Sales In May?

NEW YORK (TheStreet) -- Fiat's  (FIATY) Chrysler Group LLC reported May sales that increased 17% after its Ram truck and Jeep SUV brands led the company to a 50th consecutive monthly increase, beating analysts' estimates, Bloomberg reports

Chrysler forecast an annualized sales pace of 16.9 million, including medium-duty and heavy trucks, which typically account for at least 200,000 sales a year.

Analysts surveyed by Bloomberg projected a 16.1 million pace, in line with full-year projections.

Shares of Fiat are flat in early morning trade.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

 
 
FIATY Chart

FIATY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Lyft and Waymo Launch Self-Driving Car Testing Partnership

Lyft and Waymo Launch Self-Driving Car Testing Partnership

Volkswagen Loses Market Share as European Car Sales Inch Up in August

Volkswagen Loses Market Share as European Car Sales Inch Up in August

European Markets End Day Mixed; Car Makers Slide

European Markets End Day Mixed; Car Makers Slide

Will Amazon.com (AMZN) Stock be Affected Today by EU Tax Case?

Will Amazon.com (AMZN) Stock be Affected Today by EU Tax Case?

How Will Fiat Chrysler Automobiles (FCAU) Stock Respond in Its Wall Street Debut Today?

How Will Fiat Chrysler Automobiles (FCAU) Stock Respond in Its Wall Street Debut Today?