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Chrysler and Jeep maker sees North American deliveries dive 36%
Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024
Stellantis reports 20% drop in global vehicle shipments as automaker faces scrutiny
Stellantis gave an early look at its third-quarter shipments. North America, Europe and Asia were down but at least South America was up.
Stellantis Shipments Drop 20% as CEO Works to Trim Inventories
Stellantis NV’s global vehicle shipments slumped by a fifth in the third quarter as the automaker tries to trim its bloated inventories.
Stellantis Reports Shipments Down 20%, With 36% Drop in North America
Key Takeaways Stellantis said Wednesday that worldwide shipments of its vehicles fell by 20% in the third quarter, with a 36% drop in North America.The lower shipments can be partly be attributed to previously announced production cuts and efforts by car dealers to lower their inventories.
Stellantis Shipment Drop By 20%, But It’s Finally Tackling Inventory Headache
Stellantis has revealed third quarter shipments are expected to drop by approximately 20%. The biggest declines were seen in North America, where the company is looking to clear out excess inventory by cutting production and ramping up incentives.
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Chrysler recalls more than 283K vehicles. Check car recalls here
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Dealers and analysts said Stellantis had moved too slowly to offer incentives as demand for new cars weakened.
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