Fiat Chrysler Shares Hammered Down

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While Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) have suffered declining stock prices, neither has even close to the damage done to Fiat Chrysler Automobiles N.V. (NYSE: FCAU). Sales in the United States and the lack of a large presence in China may be to blame.

Fiat Chrysler shares are down 21% year to date to $6.39. GM’s shares are down 10% to $30.71, and Ford’s shares off 14% to $12.14.

Fiat Chrysler continues to do well in the European Union, although it is smaller than rivals Volkswagen, PSA Group and Renault. Fiat Chrysler sales rose 20.6% last month, compared to 10% for all the EU, to 46,750. But its volume of sales was below those of Ford and GM. Fiat Chrysler’s market share is 5.7%.

The United States has been the engine of Fiat Chrysler’s growth, particularly because of its Jeep division. For years, Fiat Chrysler’s growth has been better than that of the overall U.S. market. That advantage is less than impressive. Its U.S. sales, year to date, are up 5.1% to 1,506,132. It holds 12.7% of the American market.

Fiat Chrysler’s market share in China, the largest auto market in the world, is little better than 1%, while GM’s is 15% and Ford’s just shy of 4%.

Overall, the current situation of Fiat Chrysler is worse than those of the two other largest U.S. car companies.