The fourth largest car concern in the world has faced an unpleasant problem, as it is increasingly difficult to find a buyer for new cars.
The publication Motor.com writes that in the first half of 2024, total sales of the Stellantis group in the US market decreased by 16 percent. If you look at the most refined statistics, Jeep sales fell by nine percent, Chrysler by eight, Dodge by 16, while the demand for Ram cars fell by a whopping 26 percent.
Demand is weak, so Stellantis dealer inventories have grown to unprecedented levels, with some vehicles gathering dust in warehouses for more than two years.
The slowest Stellantis car is the Alfa Romeo Giulia: on average, this model takes 617 days to find a buyer, the Alfa Romeo Stelvio spends around 456 days in stock, followed by the Fiat 500e with time average lead of 454 days.
Stellantis believes that the situation is difficult against the background of a general decline in global industry indicators, and the concern is growing in the face of competition from Chinese manufacturers.
Stellantis has significantly reduced its 2024 earnings forecast, following a similar announcement and comments recently published by Volkswagen. Stellantis has also said it will cut production and take big discounts to revive its American business.
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2024-10-02 01:46:47
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