2024 Q1 Sales Figures

[bleda2002]

Looks like Jeep has posted its sales figures and they're not too bad. Most interesting thing to me is that 4xe now makes up half of the Wrangler sales. Told my wife this and she said she's not surprised, she doesnt care about electric, she just doesnt want to be slow lol.

• Jeep Wrangler 4xe, the first electrified Jeep Wrangler, America's best-selling plug-in hybrid vehicle, had 19,090 (50%) of total Jeep Wrangler first-quarter 2024 U.S. sales

https://www.prnewswire.com/news-rel...-quarter-2024-us-sales-results-302107281.html

FCA US LLC Sales Summary Q1 2024
	Q1 Sales	Vol %	CYTD Sales	Vol %
Model	Curr Yr	Pr Yr	Change	Curr Yr	Pr Yr	Change
Compass	27,647	23,209	19 %	27,647	23,209	19 %
Patriot	0	0		0	0
Wrangler	38,308	37,971	1 %	38,308	37,971	1 %
Gladiator	12,989	13,575	-4 %	12,989	13,575	-4 %
Cherokee	1,196	13,213	-91 %	1,196	13,213	-91 %
Grand Cherokee	54,455	54,502	0 %	54,455	54,502	0 %
Renegade	5,763	4,129	40 %	5,763	4,129	40 %
Wagoneer	13,131	5,560	136 %	13,131	5,560	136 %
Grand Wagoneer	3,550	2,044	74 %	3,550	2,044	74 %
JEEP BRAND	157,039	154,203	2 %	157,039	154,203	2 %

Midsize Truck numbers As well:
Q1 2024 midsize truck sales:

1. Nissan Frontier – 19,744 (+ 16.6%)
2. Chevrolet Colorado – 14,922 (+ 12.6)
3. Jeep Gladiator - 12,989 (- 4.0%)
4. Toyota Tacoma – 8,310 (- 55.5%)
5. GMC Canyon – 5,484 (+ 9.3%)
6. Honda Ridgeline – 3,967 (- 22.3%)
7. Ford Ranger – 1,918 (- 83.3%)

The incentives seemed to help a good bit here as Jeep moved basically the same amount of Gladiators in 24Q1 as 23Q4. Really shows how overblown the calls of cancellation are as well considering its right in the mix with the other trucks including many that are underperforming it like the Canyon and the Ridgeline.

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[PuddleJumper]

4XE is going like hot cakes

 

[Hootbro]

A lot of ways to look at those numbers. Does not surprise me on the Wrangler 4XE sales being 50% now as 14 states that subscribe to the California CARB standards, the 4XE is the only Wrangler model dealers can get on allocation for on lot stock.

The Gladiators numbers while decent, if not for incentives for leftover 2023's they would be dismal. I think 3rd and 4th quarter results later in the year will tell the real state of things.

What is kind of a surprise to me is the strong Nissan Frontier sales showing. I think that is the value proposition they are holding now. The new Ranger coming online now I think is going to knock everybody else's numbers down later in the year.

 

[DylanM]

I'd be interested to know what percentage of sales are for fleet/rental versus personal use.

 

[legacy_etu]

I'd say the Gladiator numbers are bad myself considering the fire-sale Stellantis' had lately.....and they're still down 4% over last years time frame.

 

[legacy_etu]

A lot of ways to look at those numbers. Does not surprise me on the Wrangler 4XE sales being 50% now as 14 states that subscribe to the California CARB standards, the 4XE is the only Wrangler model dealers can get on allocation for on lot stock.

The Gladiators numbers while decent, if not for incentives for leftover 2023's they would be dismal. I think 3rd and 4th quarter results later in the year will tell the real state of things.

What is kind of a surprise to me is the strong Nissan Frontier sales showing. I think that is the value proposition they are holding now. The new Ranger coming online now I think is going to knock everybody else's numbers down later in the year.

I think the Frontier is appealing to the market due to the NA V6, the affordable price and the simplicity of it. IMO

I agrre with you about the Ford Ranger though. I see that really putting a hurting on everyone else as they roll out this year. They are getting good reviews and the payload / towing numbers are good plus it's affordable if you stay away from the Raptor/Lariat trims.

 

[ShadowsPapa]

Looks like Jeep has posted its sales figures and they're not too bad. Most interesting thing to me is that 4xe now makes up half of the Wrangler sales. Told my wife this and she said she's not surprised, she doesnt care about electric, she just doesnt want to be slow lol.

My wife has one single complaint about her 4xe - she wishes it would do at least some better than 20-25 miles on battery - but she doesn't want a pure EV - the PHEV concept is one she really likes.
In short, she loves it, but would like maybe 30-40 miles out of the battery.

A lot of ways to look at those numbers. Does not surprise me on the Wrangler 4XE sales being 50% now as 14 states that subscribe to the California CARB standards, the 4XE is the only Wrangler model dealers can get on allocation for on lot stock.

The Gladiators numbers while decent, if not for incentives for leftover 2023's they would be dismal. I think 3rd and 4th quarter results later in the year will tell the real state of things.

What is kind of a surprise to me is the strong Nissan Frontier sales showing. I think that is the value proposition they are holding now. The new Ranger coming online now I think is going to knock everybody else's numbers down later in the year.

Too bad that's not broken down by model year, that it's just any new sales that quarter. The 24s, according to our dealers here, are selling well (maybe because they have no 23s to sell?)

 

[Hootbro]

I agrre with you about the Ford Ranger though. I see that really putting a hurting on everyone else as they roll out this year. They are getting good reviews and the payload / towing numbers are good plus it's affordable if you stay away from the Raptor/Lariat trims.

If I was to switch to a new mid size truck and brand, the new Ranger would be under serious consideration.

 

[Jaxmax]

I believe the Cherokee was dropped this year , so that number going on should really look bad compared to last year , once they are gone. My salesman told me that, and was bummed cause they sell a lot of them at their dealer…..Jack

 

[BourbonRunner]

I think the Frontier is appealing to the market due to the NA V6, the affordable price and the simplicity of it. IMO

I agrre with you about the Ford Ranger though. I see that really putting a hurting on everyone else as they roll out this year. They are getting good reviews and the payload / towing numbers are good plus it's affordable if you stay away from the Raptor/Lariat trims.

Have to mention that Toyota slow played the '24 Tacomas in the first quarter, too.

Production wasn't ramped up until late in the quarter and the hybrid Tacos are still vaporware but on the horizon.

Supposedly they're announcing the MSRP and allocations on them in the next week, along with the new 4Runner they've been teasing.

 

[legacy_etu]

Have to mention that Toyota slow played the '24 Tacomas in the first quarter, too.

Production wasn't ramped up until late in the quarter and the hybrid Tacos are still vaporware but on the horizon.

Supposedly they're announcing the MSRP and allocations on them in the next week, along with the new 4Runner they've been teasing.

Yeah, I'm reading some not so good things about the 24 Tacoma's quality wise though. Seems like they're retracing the same steps and having similar pain points they had when they launchd the Tundra. Seems like penny pinching is having it's day at Toyota as well. I laughed when I read the Motor Trend article that compared the seat cloth material to a burlap sack. LOL.

Plus the pricing on them is getting up there for a mid sized truck. Not quite to Jeep levels, but it's getting there.

 

[BourbonRunner]

Yeah, I'm reading some not so good things about the 24 Tacoma's quality wise though. Seems like they're retracing the same steps and having similar pain points they had when they launchd the Tundra. Seems like penny pinching is having it's day at Toyota as well. I laughed when I read the Motor Trend article that compared the seat cloth material to a burlap sack. LOL.

Plus the pricing on them is getting up there for a mid sized truck. Not quite to Jeep levels, but it's getting there.

Ive read similar and chuckled on the burlap sack seat cloth comment, too. But it is a first year, new vehicle and growing pains are expected. It appears the Tundra's growing pains were short lived, too.

Keep in mind-- The early JT's were plagued with issues, too. My cousin's 2020 Mojave 6MT lived in the shop for 7-8 months with a bricked ECU due to some sort of electrical gremlin. Jeep wound up lemon law'ing it.

The biggest advantage the Ranger has is that Ford launched this very vehicle several years ago in the rest of the world so by the time it got to these shores most kinks have already been worked out... except for the fact that it is FUGLY.

 

[legacy_etu]

Ive read similar and chuckled on the burlap sack seat cloth comment, too. But it is a first year, new vehicle and growing pains are expected. It appears the Tundra's growing pains were short lived, too.

Keep in mind-- The early JT's were plagued with issues, too. My cousin's 2020 Mojave 6MT lived in the shop for 7-8 months with a bricked ECU due to some sort of electrical gremlin. Jeep wound up lemon law'ing it.

The biggest advantage the Ranger has is that Ford launched this very vehicle several years ago in the rest of the world so by the time it got to these shores most kinks have already been worked out... except for the fact that it is FUGLY.

Yeah, they'll get the mechanical bugs worked out for the most part, although I'm sure they'll still keep some of the cost cutting measures around: cheap seats and cheap plastic.

The Ford does not look all that great but it isn't terrible IMO either. The Chevy looks better to me but they have their own issues as well. Definitely agree with you about the Ford having a couple of years to work out the kinks. It actually sounds like they got the 10 speed shifting good.

 

[DiehardTory]

Stellantis saw its U.S. sales decline by 10% for the first three months of 2024 compared with the same period a year prior, with a sizable drop coming from the company’s Ram brand.

The Jeep and Chrysler brands are the bright spots. For Jeep, which saw an increase this quarter, the change from last year's results (down 20% in the first quarter) was significant. Here's how the brands did:

• Jeep: Up 2%
• Ram: Down 26%
• Chrysler: Up 9%
• Dodge: Down 16%
• Fiat: Up 12% on extremely low volume of 154 vehicles sold.
• Alfa Romeo: Down 4%
• Maserati: Stellantis did not release U.S. sales numbers for its Italian luxury brand.

The decline in the first quarter numbers is similar in percentage to the drop seen in the first quarter of 2023, when the company reported a 9% decline compared with the first three months of 2022. Despite the sales picture last year, Stellantis did report healthy profits that beat competitors as well as high vehicle transaction prices. However, it has also taken steps to shake up its executive ranks in North America and at its important Jeep and Ram brands. Executives have recently signaled a desire to boost sales.

 

[SSingh1975]

Plug in hybrids will be hot next 5 years. A lot of people (inc me) are not fully sold on EV and I own one and I drive it a LOT simply cos of home charging (and discounted SMUD rates). A combo of gas/electric is far better instead ....plus if Russia does a EMP strike on US and takes out all power hubs, gas will be king (and diesel will be God)!!

My brother lives downunder (Aussie) and they are getting the plug in hybrid Ford Rangers next year ( cough cough..nothing in US market). He said a lot of people are waiting that out and will be putting down a deposit as soon as Aussie Ford opens up the pre-orders!

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