Stellantis (FCA US) reported sales of 344,993 vehicles for the second quarter of 2024. While overall U.S. sales declined by 21% compared to last year’s period, the company showed a 4% improvement quarter-over-quarter. The decrease in sales was attributed to high vehicle prices, rising interest rates, and less attractive sales incentives. However, Stellantis is working closely with its leadership and dealers to address these challenges and better serve customers.
Positive Trends in Plug-In Hybrid Vehicle (PHEV) Sales –
Despite the overall sales decline, Stellantis achieved notable success with its plug-in hybrid (PHEV) models. The Jeep Wrangler Unlimited 4xe, Jeep Grand Cherokee 4xe, Dodge Hornet R/T PHEV, and Chrysler Pacifica Hybrid ranked among the top five best-selling PHEV vehicles in the U.S. The increasing popularity of PHEVs indicates a shift in consumer preferences toward hybrid options over fully electric vehicles (EVs).
The recent launch of the Summer Select Inventory Bonus Cash program offers up to $2,000 cash back, aiming to boost sales further. Additionally, the all-electric Wagoneer S, revealed globally last month, is now open for reservations, showcasing Stellantis’ commitment to expanding its EV lineup.
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