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…]

Report: Dodge, Ram appeal much more to men

2024 Ram 1500 REV

Recently, S&P released their Global Mobility vehicle registration data for 2022. Among other tidbits, as Automotive News revealed, Ram rated dead last in the percentage of female buyers in the US, at 17%. That’s well below the other main truck-only brand, GMC, at 29%. Dodge was the fifth lowest brand for percentage of cars purchased … Read more

STLA: big profits, profit-sharing (updated)

Stellantis financials - earnings - dollars

Thanks to high profits in the United States, around 40,500 union employees in the country will get profit-sharing checks averaging $14,760. It’s a mild increase form last year, and comes as car prices have shot up due to supply-chain constraints.

Stellantis is a new company, still, but the results still set a record with a roughly $18-billion net profit; adjusted margin hit 13%. What’s more, Stellantis became a bigger BEV player with a 41% year-over-year growth, key to fighting Tesla (whose European sales shot up by a factor of ten, but remain small) and Volkswagen. Battery-electric car sales are rising fast in Europe, where fuel is far more expensive. [Read more…]

STLA Eurosales stable, share drops

Peugeot 5008

Volkswagen, Renault, Toyota, Nissan, and Mazda had hefty sales bumps in January, while Stellantis lost a mere 300 sales; as a result, while Stellantis’ sales in Europe were essentially unchanged, its share fell from 19% to 17%. Volkswagen saw a 12% gain, with all its mainstream brands but SEAT rising. Renault was up a stunning … Read more

A better 2022 for Mopars, north of the border

Jeep Wagoneer

Mopars fared reasonably well in Canadian sales for 2022, with 169,179 cars sold—a 5% gain over 2021.

The Wagoneer had a good outing with 1631 regular and 930 high-priced Grands trading hands—totaling 16,682 sales. Compare those premium cars from a standard brand to Alfa Romeo’s 911 total sales for the year. Both were up from 2021 but that makes sense, since they started production late in that year. [Read more…]

Chrysler recaptured minivan title

2023 Chrysler Pacifica Road Tripper minivan

Despite numerous plant shutdowns and a brand-new Toyota Sienna and semi-new Kia Carnival, Chrysler managed to hold onto the minivan crown, though it was a somewhat pyrrhic victory.  With sales at just under 100,000, Chrysler held steady with 2021, but every competitor plummeted in sales. The Sienna fell by 35%, despite a brand new all-hybrid … Read more

Mopar US sales fell in 2022 (updated) while GM gained

Chrysler 2022 sales

All FCA US brands were down in U.S. sales for 2022, mainly due to supply shortages.

At Jeep, the Wagoneer was a hero with 316,219 sales in its first full year, with Grand Wagoneer adding 11,736 more—and showing that you can indeed sell an expensive Jeep (other than Wranglers). The low-end Renegade, by contrast, only had 27m549 sales. The mainstream Cherokee only mustered 40,322 sales, less than the two pricey Wagoneers; it leaves production on the last day of February. The Grand Cherokee hit 223,345 despite being down 16%; Wrangler dropped 11% to 181,409; and Gladiator hit 77,855 down 13%, despite its high price and niche status. [Read more…]

VW shoots up, STLA/Jeep falls in Europe

2013 Jeep Avenger

Volkswagen sales shot up by 40% over the last month, from 165,820 in 2021 to 232,024 in 2022, giving the company a 25.5% market share—up from 20.8%. Meanwhile, Stellantis sales dropped by 1.8%, from 165,967 to 163,012, falling across its top three major brands—Peugeot, Opel, and Fiat. Citroën, which rose by 2.5%, was within 150 … Read more