Reported 5 days ago
Stellantis, the parent company of Chrysler, has reported a significant 20% decline in U.S. sales, with total vehicle sales falling to 305,294 units in the third quarter of 2024. The company implemented a strong incentive program to address inventory issues, successfully reducing dealer stock by over 50,000 units. Despite these efforts, Stellantis was projected to underperform in the automaker market, with a market share increase from 7.2% in July to 8% in September. Continued incentives are planned through the end of the year as the company prepares for the launch of new models.
Source: YAHOO