Stellantis’ US Quarter Down Slightly
But automaker says it ended on a high note as electrified models reached for the future.
The Chrysler brand was Stellantis' only one to improve in the third quarter.
IMAGE: Stellantis
Jeep maker Stellantis’ third-quarter U.S. sales fell 1% year-over-year to more than 380,000 units as the automaker started to face the Detroit union strike.
The company said, though, that it started to gain momentum as the quarter came to a close, just when the strike was getting under way. It credited in part its electrified models.
“Our Jeep 4xe and Pacifica Plug-in Hybrid models continue to perform extremely well, taking the 1-2-3 sales spots among plug-in electric vehicles in the U.S. market, said U.S. Head of Sales Jeff Kommer in a press release.
Amsterdam-based Stellantis is targeting 2030 for an all-electric lineup in Europe and half of U.S. sales in battery-electric models.
Its Chrysler brand had a good quarter in the automaker's biggest market, that lineup’s year-over-year sales up nearly 100%.
Originally posted on Auto Dealer Today
More Industry
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →