Tag Archives: Sales

News

Stellantis has a problem with a large stock of unsold cars

Stellantis is one of the largest automotive groups in the world that owns more than a dozen brands. In the first half of 2024, it recorded bad sales results, which caused the problem of too many manufactured cars sitting in warehouses.

The total sales of vehicles from the Stellantis Group in the six months of this year on the United States market fell by 16%, and the biggest decline was recorded by Ram (-26%), Dodge (-16%), Jeep (-9%) and Chrysler (- 8%). A large number of vehicles are gathering dust in warehouses, so the group is considering the option of a lower price on cars manufactured this year or earlier.

Looking at individual models, the Alfa Romeo Giulia is currently the slowest selling car in the US, with an inventory of 617 days. It is followed by Alfa Romeo Stelvio (456 days), Fiat 500e (454 days), Jeep Renegade (332 days), Grand Wagoneer L (327 days) and Dodge Hornet (323 days). This means that brands don’t have to produce these models for more than a year before selling currently unsold stock.

Also, Stellantis decided to reduce the delivery of cars to dealers by the end of the year by 200,000 units.

Source: CarEdge, Photo: Stellantis

News

Germany predicts a drop in demand for EVs in 2024

In the last year, the demand for electric vehicles in Europe has been on the rise. One of the largest manufacturers, the BMW Group, achieved an increase in EV sales in 2023 by 74.4% compared to 2022. However, now the German Association of the Automotive Industry (VDA) is predicting a drop in demand for EVs in 2024.

Of course, this does not apply to the world market, which expects a growth in demand for EVs this year as well. This could ultimately bring export growth (19 percent to 1.45 million vehicles) but also higher profits for German manufacturers.

At the end of last year, the coalition government of Chancellor Olaf Scholz completely abolished subsidies for electric vehicles, a year earlier than previously planned. Germany will sell over 524,000 fully electric cars in 2023 – more than any other market in Europe. The predicted drop in sales this year means that the share of EVs in Germany will drop from 18 to 16 percent (about 74,000 vehicles less than in 2023).

Inflation, high prices and poor infrastructure of charging stations mostly affected demand, so many manufacturers postponed the introduction of new electric models. Even the leading car rental companies are looking for alternatives for their fleets due to the high cost of maintaining electric vehicles.

The VDA expects the German car market to drop by 1 percent to 2.82 million in 2024. At the same time, the global market is forecast to grow by 2 percent to 77.4 million cars. “Problems in the supply chain have largely been resolved, but the business environment for German carmakers remains challenging,” said VDA chief economist Manuel Kallweit.

Source: German Association of the Automotive Industry – VDA

News

Renault records sales growth in 2023

Demand for Renault vehicles is on the rise, and according to data for the first eight months of 2023, sales increased by 22 percent, putting the French vehicle manufacturer in second place on the European market.

In 2023, Renault delivered 726,938 vehicles on the European market, and the most sold vehicles were from the C segment (190,535 vehicles), which is an increase of 36 percent. Individually, the highest demand was for the Austral (60,305 units) and Arkana/Conquest (59,542 units).

When it comes to the electric vehicle market, Renault delivered 200,000 units, of which hybrid vehicles recorded a growth of 48% percent compared to 2022. Fully electric cars (64,854 units) also recorded growth and the highest demand was for the Megane E-Tech (35,000 deliveries).

Globally, Renault sold a total of 1,128,885 vehicles by September 2023, which is 11% more than in the same period in 2022 (1,013,310). Also, in the third quarter, Renault delivered 356,747 vehicles, which is an increase of +11% compared to the same period last year.

Source: Renault