North America driving Stellantis’ revenue gains

Stellantis financials - earnings - dollars

Stellantis apparently had the money for a new UAW agreement after all, with net global revenues up €45 billion in the third quarter (Q3), compared with the third quarter of 2022 (Q3 2022).Volume rose by 11%, with most regions around the world rising. BEV sales rose by 37%, mainly driven by the Jeep Avenger and … Read more

European Jeep Avenger hits 40,000 sales

2013 Jeep Avenger

The Jeep Avenger, currently sold only as a battery-electric, has reached 40,000 sales so far this year. These sales seem to be an addition to the Renegade, which has beaten its 31,705 January-through-August 2022 sales with over 32,000 Renegades changing hands so far this year (through the end of August).The new Avenger is, in short, … Read more

Not spotty cars: SPOTiCAR to sell used cars at US dealers

spoticar not spottycar

Stellantis’ “pre-owned” vehicle program for all FCA US brands but Maserati is launching in the United States. It’s a European import, created in 2019, and now available in eleven countries.Of note, the marques included are “Alfa Romeo, Chrysler, Dodge, FIAT, Jeep®, Ram,” and—“Wagoneer by Jeep.”SPOTiCAR “brings together the approved used vehicles of official retailers.” It … Read more

STLA reports high profits during union talks

Stellantis financials - earnings - dollars

Despite stockpiling huge numbers of cars, reportedly in anticipation of a strike, Stellantis reported—using its words—“robust profitability and cash flows,” and “strong growth in net revenues.” The margin, 14.4%, was near a record high; industrial free cash flow reached €8.7 billion (€1 = US$1.10, so €8.7 billion = $9.6 billion). Read more

Ram vs Chevy vs Ford in pickups, vans; Mopar, GM, Ford in traditional cars

2023 Ford display with Tremor, Transit

Yesterday we saw that the Challenger cruised to a victory over the Mustang in sales—but what of pickups, cars in general, and vans?

Ram sold 117,699 pickups and chassis cabs in the second quarter of 2023 (all figures are for US sales only), just about the same number they sold in the same period of 2022. Year to date, sales are down by 9%, but still come to nearly a quarter million… Read more

Who bought the last Chrysler 200? and other oddballs of 2023

final 2017 Chrysler 200

In the second quarter of 2023, long after the last one was made, someone bought a Chrysler 200.

This sale was made after the car availability crisis hit its peak, and dealers could pretty much sell anything with four wheels. The 200 was a fine car, but the last one was made in 2016.

Other oddball sales were four Dodge Journeys … Read more

How Ram, Jeep, and Dodge are balancing price and volume

Muddy Jeep Wrangler badge (2024)

People judge brands along many dimensions—for example, Reliability, Safety, Value, Styling, Performance, and Comfort. Brands position themselves in two ways—through the product itself, and through marketing. For example, Dodge has hammered on Styling and Performance in its marketing for over ten years—and has honed its product lineup on both dimensions…. Read more

Ram locks in 12,000 ProMaster EV orders

Ram ProMaster EV

Merchants Fleet has ordered 12,500 Ram ProMaster electric commercial vans, to be delivered over several years, according to Ram. To be launched later this year, the van will be Ram’s first fully electric vehicle to hit the market; the Fiat version is already sold in Europe. The next electric Ram is the 1500 REV.Merchants Fleet … Read more

STLA had a good quarter, promises new 2023-2024 vehicles

Jeep and Stellantis leaders: Carlos Tavares, Christian Meunier, Jim Morrison

The first quarter of 2023 was good for Stellantis, but not great; while net revenues were up 14% over Q1 2022, with a 7% increase in sales and high net prices, market share fell in North America and Europe. This was somewhat offset by small gains in South America and Africa/Middle East. Globally, low-emissions vehicles sales rose by 25%, driven by the Jeep 4xe series. BEVs were up by 22% year-over-year. Read more

Mopar brands building up big inventories

2023 Chrysler 300C

With both Canadian plants scheduled for an extended downtime and conversion for new products, Stellantis has been pumping out massive quantities of Chrysler and Dodge cars to keep sales up while production is down. According to Cox Automotive,  Chrysler had over 130 days’ supply of cars in inventory (mainly on dealer lots); both their vehicles … Read more

US, Canada “Mopar” sales fall during an auto sales boom

2023 Mopar US Sales

GM delivered 603,208 vehicles to US customers in the first quarter of 2023, an 18% increase over the first quarter of 2022—making them, again, America’s favorite automaker. Retail sales grew by 15%, while fleets leaped up by 27%.

Meanwhile, “Mopar,” or FCA US, saw a surprise 9% sales drop in the same period. Dodge was up by 24%, and Chrysler was up by 10%; but Jeep fell by 20% and Ram fell by 7%. Read more