Stellantis North American Sales Down 42%

[Lunentucker]

OUCH!

https://fortune.com/europe/2024/10/31/stellantis-north-america-sales-collapse/

In North America its revenues collapsed by 42 percent to $13.47 billion (12.4 billion euros) because of a fall in sales and price cuts to clear its stock of vehicles.

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[Minty JL]

Lets see if they do what GM did back in 2008-09

 

[Glad Jeeper]

They are all down. North America is not alone. Look at the inventory on all lots and the rebates being offered. It is difficult to afford with the high interest rates. I am waiting to purchase a new Jeep Grand Cherokee Summit after the election, although not financing it I will be taking advantage of the high rebates.

 

[adamjedgar]

Pricing isn't going to fix anything...the problem is rather bigger than that...

It's value for money.

Jeep need to face the reality that it's vehicles must address the concerns of the competition.

One cannot just blindly follow down an ancient pathway when everyone.else has recognised the serious flaws in doing that and moved in a different philosphical direction!

The entire business model needs fixing...from inception and design, to maufacturing, to servicing, right through to the retail end.

There are dealerships here in Australia going broke because people would rather buy a more expensive car because the overall package is superior (australian examples Toyota Hilux, Ford Ranger).

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