Fiat Crashes to Bottom Spot in Consumer Reports Ranking

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Fiat Crashes to Bottom Spot in Consumer Reports Ranking

© courtesy of FCA USA

What brands make the best vehicles? Consumer Reports has released its annual list. Fiat, a perennial bottom dweller in auto quality surveys, took last place, as its sales in the United States continue to struggle.

The ratings were based on Consumer Reports testing and polling about 640,000 cars measured on “reliability and owner satisfaction.” Researchers described the methodology:

Brands are ranked based on the average Overall Score for all of their current tested models. The Overall Score is a composite of the road-test score and the predicted reliability and owner satisfaction ratings from our Annual Auto Survey.

Safety features, such as standard forward-collision warning and automatic emergency braking, are also factored into the score.

A brand must have at least two current models that have been tested by CR to be included in our rankings. Maserati and Smart lacked sufficient data to be included.

[nativounit]

Along with J.D. Power, the results are among the most carefully followed by car buyers and affect many purchase decisions.

Notably, another Fiat Chrysler Automobiles N.V. (NYSE: FCAU) brand — Jeep — held the next to the bottom place among the 34 brands measured. Fiat Chrysler’s Alpha Romeo was fourth from the bottom, with Range Rover holding the third from the bottom position.

The top position was taken by Hyundai’s luxury Genesis brand, followed by Volkswagen’s Audi, BMW and the Toyota luxury brand Lexus.

After a sharp drop in sales during 2017, Fiat began 2018 badly. Sales of the brand dropped 43% to 1,129. Fiat barely counts as a niche brand in America. It is a wonder Fiat Chrysler spends money to support marketing and a dealer network. Fiat dealers must be worried about whether the brand has a future at all in the United States.

For Fiat, the results are another blow to a brand that cannot afford more damage.

[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618