Stellantis Sales Are Sagging

But competitors are doing far better.

A new report from Cox Automotive digs into what’s going on with Stellantis car sales in Q1 2023 and it’s not great news. The US is perhaps the most important market for brands like Jeep, Dodge, and Ram but shoppers have been scarce and dealer inventories are swelling, with some retailers trying to hide that fact.

Learn why ABC News spelled out the “nightmare” of EV ownership here.

As Cox rightly points out, Stellantis reported a 9% drop in sales for Q1 2023. That can’t be blamed on inventory problems now that those are fading in the rearview mirror. What’s even more troubling is overall car sales were actually up 8% during the first quarter of the year. Perhaps softening the blow a little was the average Stellantis transaction price increasing 4%. However, that might not last much longer.

Shockingly, part of what’s fueling the drop for Stellantis is weak Jeep sales. It wasn’t that long ago Jeep was one of the most envied brands in the industry, a shining star everyone wanted to emulate. Sales of Jeeps plummeted 20% for the quarter and hit a level the brand hasn’t seen in the past six years.