Stellantis at a Crossroads: Sky-High Prices and Inventory Alienate Consumers and Dealers, While Threat of Another UAW Strike Looms
Stellantis at a Crossroads: Sky-High Prices and Inventory Alienate Consumers and Dealers, While Threat of Another UAW Strike Looms September 2024
Stellantis – the parent company of U.S. car brands Chrysler, Dodge, Jeep, and Ram — is facing some serious challenges. With prices still extremely elevated from pre-COVID norms, its U.S. sales are down significantly, by 21% year-over-year as of Q1. Dealer inventories of key brands are piling up on lots, forcing Stellantis to consider new ways to help clear stock including potential price cuts and incentives.