July 8, 2020 / 12:12 PM / a month ago

Fiat Chrysler says South American market share 15.9% in second quarter

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo

MILAN (Reuters) - Fiat Chrysler FCA.MI said on Wednesday its market share in South America stood at 15.9% in the second quarter, when car sales in the region plummeted due to the new coronavirus pandemic.

FCA said in a note it led the Brazilian market with a 19.8% market share, while it held second place in Argentina where its Fiat and Jeep brands both gained ground giving it an overall 15.4% market share.

Total car sales in South America, excluding Mexico, plunged 66% year on year in the second quarter, FCA said.

Reporting by Valentina Za; editing by Jason Neely

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