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Fiat 500c and 500
Fiat blames nascent dealer network on poor sales

Fiat was supposed to make a triumphant return to the U.S. market with its diminutive and distinctively styled 500. However, things haven't exactly panned out exactly the way that Fiat planned according to The Detroit News.

The 500 is a subcompact that is being pitted directly against the Mini Cooper (an upcoming Arbath model will target the Mini Cooper S). On a lesser degree, the 500 also competed with the Smart fortwo and the upcoming Scion iQ.

However, sales of the tiny four-seater are nowhere close to reaching the lofty goals set by Fiat CEO Sergio Marchionne. Fiat expected to sell 50,000 500s during 2011 in North America. Through the first seven months of 2011, Fiat sold fewer than 12,000.

For comparison, BMW AG's Mini brand had total sales of 34,527 through July. The two-door Cooper/Cooper S coupe and convertible models alone accounted for over 20,000 of those sales.

Laura Soave, head of Fiat North America says that establishing a dealer network in the U.S. has taken longer than expected which has contributed to the poor sales. "We have coverage now, so now is the time for us to turn this up," Soave added.

Two basic models of the vehicles are currently available to U.S. customers: the 500 (coupe) and the 500c (convertible). The cheapest model available is the 500 Pop which has a base MSRP of $15,550 (the cheapest Mini Cooper will set you back $19,400). The Fiat 500 also has good fuel economy for a subcompact with EPA ratings of 30mpg in the city and 38mpg on the highway with a 5-speed manual. 

Shares of Fiat SpA dropped over 4 percent on the news of poor 500 sales.

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RE: Just like the not so Smart car...
By Solandri on 8/17/2011 9:55:38 PM , Rating: 2
Despite what all the coverage of pro-environmental coverage in the media would have you believe, Americans most definitely are not trying to get out of their gas guzzling vehicles. About half the passenger vehicles (non-commercial vehicles) sold in the U.S. are trucks and SUVs. The long-term trend is actually towards more trucks and fewer cars, not the other way around. There was a small dip in truck sales around 2008-2010 coinciding with the high gas prices, but that was just a fluke in the long-term trend. The 2010 truck sale ratio is up from 2009.

Year - trucks as % of all vehicle sales
2010 - 52.13%
2009 - 49.05%
2008 - 49.83%
2007 - 54.06%
2006 - 54.47%
2005 - 56.09%
2004 - 56.74%
2003 - 55.47%
2002 - 53.08%
2001 - 52.20%
2000 - 50.72%
1999 - 50.40%
1998 - 49.37%
1997 - 46.98%
1996 - 45.14%
1995 - 42.97%
1994 - 41.66%
1993 - 40.01%
1992 - 37.39%
1991 - 34.78%
1981 - 21.24%
1971 - 16.99%
1961 - 13.64%
1951 - 17.71%
1941 - 19.34%
1931 - 14.70%

By YashBudini on 8/17/2011 11:44:19 PM , Rating: 2
I'd love to see a similar graph of % of US citizens that rent storage units in the last 30 years.

George Carlin's routine on people's "stuff" was way ahead of its time.

Most don't realize - purges are freaking awesome.

RE: Just like the not so Smart car...
By Calin on 8/18/2011 2:52:34 AM , Rating: 2
That probably doesn't take into account that some of the "trucks" are small SUVs, which are just large, tall cars.
Even so, there seem to be a constant growth in average weight of the vehicles on road.

RE: Just like the not so Smart car...
By Spuke on 8/18/2011 11:49:29 AM , Rating: 2
Nice work! Interesting data, I also thought the percentage of trucks vs cars was in the cars favor but the data definitely says otherwise.

"Well, there may be a reason why they call them 'Mac' trucks! Windows machines will not be trucks." -- Microsoft CEO Steve Ballmer

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