Stellantis US Q1 2024 Sales Down 9.7%

Discussion in 'In the News' started by xcel, May 11, 2024.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    [​IMG] Stellantis is having a sales problem with a number of its brands creating yet another quarterly sales hit.

    Wayne Gerdes – CleanMPG – Apr. 2, 2024

    2024 Jeep Wrangler 4xe

    [​IMG]
    One of the few highlights for Q1 here in the US.​

    Stellantis reported Q1 2024 US sales of 332,540, down 9.7% below the 368,327 the multi-brand OEM sold during the same period a year ago.

    Jeep brand sales actually increased by 1.8% while RAM experienced an inordinately steep fall off of 26%. I read one report that stated the RAM 2500 is one of the 5 slowest selling vehicles in the US with over 300 days of dealership supply that will have to be worked down. Its mid $60s starting price is not helping matters any either. The rest of the automaker’s brands are now approaching irrelevancy. Case in point, the 4 once iconic global nameplates combined for 80,193 vehicles sold in Q1, this is less than the RAV4, Model Y, and CR-V by themselves. At what point do you begin to close a division due to lack of not only profitability but any chance of future success? Stellantis will have to make some hard choices in the next few years and none of them will be good.
    • Dodge Q1 2024 US sales of 42,948
    • Chrysler Q1 2024 US sales of 34,806
    • Alfa Romeo Q1 2024 US sales of 2,285
    • Fiat did not even measure but a few hundred units - 154 to be exact
    Moving back to a highlight, the Jeep Wrangler 4xe and the Jeep Grand Cherokee 4xe are currently ranked the No. 1 and No. 2 best-selling hybrids in the country. Jeep Wrangler 4xe was America's best-selling PHEV with 19,090 Q1 sales. Total PHEV Q1 sales increased 82% year over year.

    Moving ahead, just as America’s appetite for BEVs is plateauing, Stellantis will launch 8 BEVs in the U.S. by the end of 2024, which includes the Jeep Recon, Ram 1500 REV, Wagoneer S, Dodge Charger Daytona, and the all-new Fiat 500e. That last one is DOA of course.

    Chrysler Pacifica 2024 total U.S. sales increased 15% year over year, recording its best-ever Q1 with the PHEV accounting for 7,320 (22%) of total Chrysler Pacifica sales of 33,114.

    [​IMG]

    US Q1 2024 Top 10 US Auto OEM Sales Ranks
    1. GM - 594,233 vehicles sold in Q1 of 2024, down 1.5% below the 603,208 sold during Q1 of 2023
    2. Toyota - 565,098 vehicles sold in Q1 of 2024, up 20.3% over the 469,558 sold during Q1 of 2023
    3. Ford - 508,083 vehicles sold in Q1 of 2024, up 6.8% over the 475,906 sold during Q1 of 2023
    4. Stellantis - 332,540 vehicles sold in Q1 of 2024, down 9.7% below the 368,327 sold during Q1 of 2023
    5. Honda - 303,451 vehicles sold in Q1 of 2024, up 17.3% over the 284,507 sold during Q1 of 2023
    6. Nissan - 252,735 vehicles sold in Q1 of 2024, up 7.2% over the 235,818 sold during Q1 of 2023
    7. Hyundai - 184,804 vehicles sold in Q1 of 2024, up 0.2% over the 184,449 sold during Q1 of 2023
    8. Kia - 179,621 vehicles sold in Q1 of 2024, down 2.5% below the 184,136 sold during Q1 of 2023
    9. Subaru - 152,996 vehicles sold in Q1 of 2024, up 6.7% over the 143,379 sold during Q1 of 2023
    10. Tesla - 140,025 vehicles sold in Q1 of 2024, down 13.3% below the 161,630 sold during Q1 of 2023
    Q1 2024 Top 10 US Auto Model Sales Leaders
    1. Ford F-Series incl. LD and HD - 152,943 vehicles sold in Q1 of 2024, down 10.2% below the 170,377 sold in Q1 of 2023
    2. Chevrolet Silverado incl. LD and HD - 129,987 vehicles sold in Q1 of 2024, up 0.4% over the 126,992 sold in Q1 of 2023
    3. Toyota RAV4 - 124,822 vehicles sold in Q1 of 2024, up 47.4% over the 84,704 sold in Q1 of 2023
    4. Tesla Model Y - 96,729 vehicles sold in Q1 of 2024, up 1.4% above the 95,362 sold in Q1 of 2023
    5. Honda CR-V - 95,038 vehicles sold in Q1 of 2024, up 41.3% over the 67,241 sold in Q1 of 2023
    6. Nissan Rogue - 90,804 vehicles sold in Q1 of 2024, up 8.7% over the 76,499 sold in Q1 of 2023
    7. RAM P/U incl. LD and HD - 89,417 vehicles sold in Q1 of 2024, down 15.1% below the 105,350 sold in Q1 of 2023
    8. Toyota Camry - 78,337 vehicles sold in Q1 of 2024, up 18.6% over the 66,037 sold in Q1 of 2023
    9. GMC Sierra incl. LD and HD - 68,597 vehicles sold in Q1 of 2024, up 0.1% over the 67,198 sold in Q1 of 2023
    10. Honda Civic - 61,929 vehicles sold in Q1 of 2024, up 36.0% over the 45,458 sold in Q1 of 2023
    [​IMG]

    US Q1 2024 EV Sales

    [​IMG]
     
    litesong and BillLin like this.
  2. Trollbait

    Trollbait Well-Known Member

    Need to confess. I prefer the look of the Wrangler 2WD wheels.
     
    xcel likes this.

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