Fiat Chrysler Automobiles on Tuesday said the auto industry in the U.S. will still be on track for the best sales year in a decade despite industry growth being flat to up 0.7 percent in May
The company’s forecast is a little more optimistic than those of Wall Street analysts who expected a 1 percent fall in May.
FCA’s U.S. sales rose 4% to 202,227 vehicles in May, its 62nd consecutive month of year-over-year sales growth, as it continued a turnaround after enduring a federally sponsored bankruptcy in 2009. Prior to the winning streak, the company had more than two years of monthly year-over-year sales declines.
Since March 2007, it was the first time the company topped 200,000 in monthly sales.
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