Why a Strong Dollar Means Fatter Margins for Jeep Renegade

Fiat Chrysler is all set to launch its new Jeep model called Renegade in March which is expected to boost the sales as more and more Americans are going after SUV’s due to the recent fall in oil and gas prices. Renegade would be made in Italy and it will be imported to U.S. for sale. This would translate huge profits for Fiat Chrysler as the Euro far weaker in value compared to Dollar at the moment. Renegade is deem to give huge competition with distinguish features and adequate pricing against other vehicles in the same category namely Kia Soul and Nissan Juke.

Low Gas Price Boosts The SUV Sales

There has been a huge decline in the value of euro which has fallen to $1.10 and it is the weakest against dollar in over a decade. Gas prices in U.S. have also registered a sharp decline by 33 percent in last three months due to decline in global crude oil price. Now the national average for the gas is revolving around just $2.04 a gallon which has spurted the increase in SUV sales.

Features Of Jeep Renegade

Jeep new offering Renegade is expected to revolutionize the fast growing sub-compact crossover segment which is highly appreciated by the customers. This segment already has some of the successful vehicles like Nissan Juke, Fiat 500x, Kia Soul and Honda HR-V. Renegade boasts a seven-slot grille along with a vertical windshield and rugged stance which lends a tougher, bolder and solid impression. Renegade also have modern features such as adaptive cruise control which allows the car to move at a prevailing speed.

Better Interiors, Affordable Price

The interiors of the new Jeep model has been furnished with effortless solid, smooth yet soft feel. There are also distinctive fun touches which include the use of paintball splash for marking the red zone on the tachometer. Customers would be given options to switch between different driving modes such as snow, sand and mud which essentially depend upon the terrain and conditions. It also possesses two roof panels which can be removed and placed in the truck to give a convertible like feel.

Renegade is also available in a Trailhawk version which offers great driving experience for off-road purposes and it’s priced at $ 24,795. The sports version is pitched at $17,995. Fuel efficiency has not been determined but it is expected to give atop mileage of 30 miles (48 kilometres) per gallon.

Jeep Renegade Brings In A New Evolved Segment

The iconic brand Jeep has gone through a tightrope in creating the Renegade which is an epitome of beautiful design and remarkable features. In order to boost its production capability Fiat is set open two new factories one is Brazil and another in China by the end of March and year’s end respectively. Initially these two plants would forge out the cars for the Latin America and Asia based customers. Jeep brand chief Mike Manley has asserted that Fiat is set expected to evenly split the Renegade sales among the three major markets namely U.S., Europe and Asia.