Shares of Fiat Chrysler Automobiles N.V. slumped 2.1% in morning trade Thursday, after the auto maker reported a sharp drop in U.S. vehicle sales in January. Total sales declined 13% to 132,803 vehicles, as Chrysler brand sales dropped 21%, Dodge brand sales shed 31%, Ram Truck brand sales fell 16% and Fiat brand sales declined 43%, while Jeep brand sales increased 2%. The Ram pickup was the most sold model at 29,358 vehicles, but that was down 13% from a year ago. Retail sales rose 2%, while fleet sales tumbled 50%. The stock has run up 35% over the past three months, while the S&P 500 has gained 9.3%.
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