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.
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
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%.
Ordering for the world’s fastest and most powerful muscle car is now open. The Dodge Challenger SRT Demon 170 delivers 1025 hp on E85, with 945 lb-ft of torque; it runs a certified 8.91 second quarter mile at 151 mph. It is the final Dodge “Last Call” car—and the first-ever eight-second factory muscle car.Weighing in … Read more
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 by … Read more
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.
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 24% … Read more
Stellantis had a bad 2022 in European sales, falling 14% and giving up market share to every manufacturer other than Jaguar and Mitsubishi. Jeep fell by 20%, the worst fall of any Stellantis brand.It was a bad year for European automakers in general. Volkswagen dropped by 6%, Renault by 3%, BMW by 5%,a and Mercedes … Read more
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.
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 lineup … Read more
Toyota sold the largest number of cars of any brand in the US, once again, as a brand, with 1.85 million sales—down 9% but still enough to beat Ford’s 1.77 million sales (down 2%). Chevrolet, once America’s top seller by a big margin, rose to 1.50 million with a 6% gain. After that, no other … Read more
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.
Jeep sales have dropped in Europe, from 119,379 so far in 2021 to 91,331 so far in 2022, bringing market share from 1.1% to 0.9%. For Stellantis as a whole, sales are down from 2.2 million to 1.9 million, year to date; market share has dropped from 20.3% to 18.6%.
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 sales … Read more
Alfa Romeo has found its #1 award—in sales satisfaction, among luxury brands, according to J.D. Power.Dodge was ranked in second place in mass market brands, up nine places from 2021, while Jeep and Ram were sixth and seventh, and Chrysler was 11th. Alfa rose nine places; Dodge rose nine places; and Chrysler had the greatest … Read more
In Europe—the EU+EFTA+UK—Volkswagen’s share rose to 23.8% of the total market, followed by Stellantis at 16.6%. Last September, those numbers were 21% and 18.4% as Stellantis lost 1.8 points of share and Volkswagen gained 2.5 points.To a degree, these changes are supply-dependent.Year to date, Stellantis’ share is far better, though lower than year-to-date 2021: the … Read more
