Tag Archives: Stellantis

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

Stellantis suspends orders for diesel commercial vehicles

Stellantis will no longer accept orders for light commercial vehicles powered by diesel engines! This is official information from the company, and the reason is the new CO2 emission regulations that will come into force in 2025.

Although diesel engines are the most acceptable in the truck segment, manufacturers decide to remove them from the offer. Dacia gave up diesel engines forever with the second generation Duster, while Toyota took this step much earlier and replaced its diesels with hybrid engines, which are equally economical and with similar performance. However, the Volkswagen Group is still resisting pressure, and continues to sell cars powered by TDI engines, even as it prepares to phase them out in the coming years.

Vehicles such as the Peugeot Rifter, Citroen Berlingo and Opel Combo will be available only with petrol or electric engines. It should also be noted that this decision should also include cargo versions, although this remains questionable.

Source: Stellantis

News

Stellantis will keep all its 14 brands

At the end of July, Stellantis announced that there is a possibility that it will shut down some of its brands. Many believed that Lancia and DS were in the greatest danger of being shut down, while some speculated that Maserati, Dodge, and Chrysler could be sold to avoid negative financial risk. However, according to the latest information, Stellantis will neither shut down nor sell any of its brands.

Stellantis CEO Carlos Tavares previously stated: “If they don’t make money, we’ll shut them down. We can’t afford to have brands that don’t make money.” It would be a painful move for one of the world’s largest conglomerates, but not a surprise. Business results in the first six months of 2024 are devastating. In that period, Stellantis shares have fallen by over 20%, net revenues are down 14 percent, and net profit is down 48 percent. Also, operating income fell by 40 percent. The reason is bad sales results in North America, where 18 percent fewer vehicles were delivered in the first six months than in the same period in 2023.

In some markets, such as the Middle East and Africa, sales of Stellantis vehicles increased (+3%), but this can be attributed primarily to good demand for Fiat cars.

Some brands like Abarth have been operating independently for years and will continue to sell more powerful Fiat models, while Chrysler now only offers the Pacifica minivan after the 300C sedan became a thing of the past. Dodge has added the Hornet to its lineup, which is essentially an Alfa Romeo Tonale, and is also introducing a new Charger with an electric powertrain and 6-cylinder options, but no V8 engine.

It is certain that Stellantis will remain committed to all its brands, even those that are facing challenges.

Source: Stellantis