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
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →