Fiat Gets Destroyed by More Research

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By Douglas A. McIntyre Updated Published
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Fiat Gets Destroyed by More Research

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The Fiat brand of Chrysler Fiat Automobiles N.V. (NYSE: FCAU) continues to be decimated by research that shows a deeply negative perspective on quality, layout and performance. The most recent example is that Fiat finished next to last in the new J.D. Power 2016 U.S. Automotive Performance, Execution and Layout (APEAL) Study. All four of Fiat Chrysler’s brands ranked below average.

The survey:

… measures owners’ emotional attachment and level of excitement across 77 attributes, ranging from the power they feel when they step on the gas to the sense of comfort and luxury they feel when climbing into the driver’s seat.  These attributes combine into an overall APEAL Index score that is measured on a 1,000-point scale.  The importance of these results cannot be overstated.

Based on a 1,000-point scale, Fiat drew a score of 755, against an industry average of 801. Jeep’s figure was 756, Chrysler’s 774 and Dodge’s 791. The company’s pickup brand, Ram, scored 803.

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At the other end of the list, Porsche had a grade of 877, followed by BMW at 859 and Jaguar and Mercedes at 852.

Fiat U.S. sales continue to be grim. In June, sales were down 19% to 2,544, and for the first half down by 19% as well to 17,735. If not for the success of the 500X, the numbers would be much worse.

Maybe it is time for Fiat to get out of America.

Methodology: The 2016 U.S. APEAL Study is based on responses gathered from February through May 2016 from more than 80,000 purchasers and lessees of new 2016 model-year cars and light trucks who were surveyed after 90 days of ownership.

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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.

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