STLA - Stellantis Q2 US Sales Fall Despite Strategic Shifts | Benzinga
Stellantis N.V. (NYSE: STLA) reported a significant drop in its U.S. sales during the second quarter of 2024, continuing a trend of declines in recent periods. The company, which owns Jeep, Ram, Chrysler, Dodge and Fiat, saw a more substantial decline compared with previous periods. STLA last reported a quarterly sales increase in the second quarter of 2023.
In the second quarter of 2024, Stellantis reported U.S. sales of 344,993 vehicles, representing a 21% decrease from the 434,648 units sold in the year-ago period.
Among STLA's U.S. brands, only the low-volume Fiat and Alfa Romeo showed a year-over-year sales rise in the second quarter. The sales of Jeep, Ram, Chrysler and Dodge decreased 19%, 26%, 19% and 17%, respectively, compared with the same period in 2023. Alfa Romeo sales rose 8% year over year. Fiat sold 316 vehicles compared with 144 sold in the year-ago quarter.
The Jeep Wagoneer and Grand Wagoneer, more expensive and profitable models of Stellantis, saw substantial year-over-year sales growth, with an increase of ...