FCA Reports Second-quarter 2024 US Sales Results
Stellantis reported a notable 4% quarter-over-quarter growth in Q2 2024 U.S. sales, despite a 21% year-over-year decline. Jeep Wagoneer and Grand Wagoneer saw significant year-over-year increases of 107% and 24%, respectively. The Jeep brand's Wrangler, Grand Cherokee, and Compass experienced increases in retail sales by 24%, 12%, and 15% from Q1 to Q2 2024. Ram brand's total sales grew by 11%, with commercial fleet sales surging 47%. Dodge brand sales rose 16% quarter-over-quarter, with Charger, Challenger, and Durango sales up 52%, 18%, and 18%, respectively. Chrysler and Alfa Romeo brands also saw quarterly growth of 14% and 9%, respectively. Stellantis holds four of the top five plug-in hybrid spots in the U.S. market, led by Jeep Wrangler 4xe. The company launched the all-electric Fiat 500e and started taking reservations for the new Grand Wagoneer S. FCA US reported total sales of 344,993 vehicles for Q2 2024.
- 4% quarter-over-quarter growth in total U.S. sales.
- Jeep Wagoneer and Grand Wagoneer sales increased 107% and 24% year-over-year, respectively.
- Ram brand's commercial fleet sales surged 47% quarter-over-quarter.
- Dodge brand's Charger, Challenger, and Durango sales increased 52%, 18%, and 18% quarter-over-quarter.
- Stellantis holds four of the top five plug-in hybrid spots in the U.S. market.
- Launch of the all-electric Fiat 500e and commencement of reservations for the new Grand Wagoneer S.
- Ram ProMaster total U.S. sales increased 163% quarter-over-quarter.
- 21% year-over-year decline in total U.S. sales.
- Significant year-over-year sales decline in Jeep Cherokee (-84%), Jeep Gladiator (-24%), and Jeep Grand Cherokee (-26%).
- Ram brand saw a 26% year-over-year decline in total sales.
- Chrysler brand experienced a 19% year-over-year decline in total sales.
- Dodge brand sales decreased 17% year-over-year.
- Fiat brand saw a 24% year-over-year decline in Alfa Romeo Giulia sales.
Insights
Stellantis' Q2 2024 U.S. sales report reveals a complex mix of positive and negative indicators. Despite a significant 21% year-over-year decrease in total U.S. sales, the company managed a modest 4% quarter-over-quarter growth. This suggests some recovery momentum, though it is important to consider the broader context. Year-over-year declines in major segments like Jeep and Ram brands could indicate underlying market challenges or shifts in consumer preferences.
However, certain segments such as Jeep Wagoneer and Grand Wagoneer demonstrated substantial growth, with increases of
In terms of electrification, Stellantis secured four of the top five spots for plug-in hybrids, which could be a strategic advantage as the market shifts towards greener options. However, the overall financial health would be better gauged by future earnings reports to see if these sales trends translate into improved profitability.
Retail investors should weigh both the short-term momentum and long-term strategic positioning of Stellantis. The mixed sales results suggest caution, with an eye on how the company adapts to market changes and consumer demands.
The quarter-over-quarter growth in several key vehicle segments, such as the Jeep Wrangler and Ram pickups, indicates a responsive adjustment to market conditions by Stellantis. The sales surge in the electrified vehicles like the Jeep Wrangler 4xe and Chrysler Pacifica Hybrid showcases a strategic pivot towards sustainable mobility. This is particularly relevant given the increasing regulatory pressures and consumer demand for eco-friendly options.
Stellantis' introduction of the all-electric Fiat 500e and the launch of the Ram Professional Pro One program are moves aimed at capturing emerging market segments. The success of these initiatives in terms of market reception and sales growth will be important for the company's growth strategy.
Moreover, the Summer Select Inventory Bonus Cash program offering up to
Retail investors should monitor the company's ability to sustain its sales momentum and how effectively it manages profitability alongside aggressive market expansion and incentive programs.
AUBURN HILLS, Mich., July 2, 2024 /PRNewswire/ --
- Stellantis posted
4% quarter-over-quarter growth with a Q2 2024 totalU.S. sales decrease21% year over year - Jeep® Wagoneer and Grand Wagoneer total sales increased
107% and24% year over year, respectively - Jeep brand saw retail sales of the Wrangler, Grand Cherokee and Compass increase
24% ,12% and15% , respectively, Q2 over Q1 2024 - Ram brand saw growth of
11% in total sales Q2 over Q1 2024 - Ram commercial fleet sales increased
47% Q2 over Q1 2024 - Dodge brand total sales increased
16% Q2 over Q1; Charger, Challenger and Durango up52% ,18% and18% , respectively, for the same time period - Chrysler brand sales grew
14% in total sales Q2 over Q1 2024 - Alfa Romeo saw growth of
9% in total sales increase Q2 over Q1 2024 - FIAT brand launched the all-new, all-electric Fiat 500e in Q2
- Stellantis took four of five top-selling plug-in hybrid spots in
U.S. with the Jeep Wrangler 4xe (No. 1), Jeep Grand Cherokee 4xe (No. 2), Chrysler Pacifica Hybrid (No. 4) and Dodge Hornet (No. 5) - Summer Select Inventory Bonus Cash program kicks off with up to
$2,000 - All-electric Grand Wagoneer S, revealed globally last month, is open for vehicle reservations online at www.jeep.com
FCA US LLC reports total sales of 344,993 vehicles in the second quarter for 2024. Overall, second-quarter 2024 total
"With the moves we made the first half of the year, including working toward a multi-energy strategy consisting of BEV, PHEV and ICE vehicles that meets the demand of our customers, and pricing adjustments across our
"We're also seeing orders ramp up for the new Ram 1500 light-duty as that highly anticipated vehicle moves to the next phase of its build."
"We've been working very closely with Stellantis leadership to better serve our customers by providing the mix of products they desire and at competitive pricing," said Kevin Farrish, National Dealer Council chairman for Stellantis. "It's been a very open, collaborative effort working together as a team, and we'll continue to tackle these important issues together on behalf of our customers.
Jeep Wrangler 4xe, Jeep Grand Cherokee 4xe, Dodge Hornet R/T and Chrysler Pacifica Hybrid held their ranking as four of the top-five best-selling plug-in hybrids in the
Sales of the Jeep Wrangler 4xe accounted for
The Dodge brand's first muscle-inspired electrified crossover, the Hornet R/T, accounted for
Pacifica Hybrid sales accounted for
The Alfa Romeo Tonale, the brand's first electrified offering introduced to the market in the second half of 2023, sold 887 units.
FIAT, celebrating its 125th birthday this July, continues to see initial deliveries of the all-new, all-electric Fiat 500e reach dealers across
"From the commercial fleet side, the Ram ProMaster demonstrated unprecedented growth of
The Ram ProMaster also saw total
The Ram Pro One program, servicing and providing support for commercial fleet customers, launched in late 2023. Most recently, Ram was ranked the No. 1 industry brand in J.D. Power Initial Quality Study, the only truck-exclusive brand ever to top prestigious benchmarking study.
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FCA US LLC Sales Summary Q2 2024 | ||||||||
Q2 Sales | Vol % | CYTD Sales | Vol % | |||||
Model | Curr Yr | Pr Yr | Change | Curr Yr | Pr Yr | Change | ||
Compass | 22,195 | 28,083 | -21 % | 49,842 | 51,292 | -3 % | ||
Patriot | 0 | 0 | 0 | 0 | ||||
Wrangler | 38,896 | 46,671 | -17 % | 77,204 | 84,642 | -9 % | ||
Gladiator | 10,489 | 13,751 | -24 % | 23,478 | 27,326 | -14 % | ||
Cherokee | 969 | 6,006 | -84 % | 2,165 | 19,219 | -89 % | ||
Grand Cherokee | 52,296 | 70,454 | -26 % | 106,751 | 124,956 | -15 % | ||
Renegade | 1,563 | 5,020 | -69 % | 7,326 | 9,149 | -20 % | ||
Wagoneer | 16,734 | 8,075 | 107 % | 29,865 | 13,635 | 119 % | ||
Grand Wagoneer | 4,005 | 3,224 | 24 % | 7,555 | 5,268 | 43 % | ||
JEEP BRAND | 147,147 | 181,284 | -19 % | 304,186 | 335,487 | -9 % | ||
Ram P/U | 90,109 | 117,699 | -23 % | 179,526 | 223,049 | -20 % | ||
ProMaster Van | 15,369 | 20,200 | -24 % | 21,222 | 37,894 | -44 % | ||
ProMaster City | 7 | 4,114 | -100 % | 45 | 9,792 | -100 % | ||
RAM BRAND | 105,485 | 142,013 | -26 % | 200,793 | 270,735 | -26 % | ||
200 | 0 | 1 | -100 % | -1 | 1 | -200 % | ||
300 | 1,998 | 4,208 | -53 % | 3,691 | 7,197 | -49 % | ||
Town & Country | 0 | 0 | 0 | 0 | ||||
Pacifica | 37,768 | 44,935 | -16 % | 70,882 | 73,845 | -4 % | ||
CHRYSLER BRAND | 39,766 | 49,144 | -19 % | 74,572 | 81,043 | -8 % | ||
Dart | 0 | 0 | 0 | 0 | ||||
Viper | 0 | 0 | 1 | 0 | ||||
Hornet | 4,299 | 2,597 | New | 11,718 | 2,619 | New | ||
Charger | 16,216 | 24,604 | -34 % | 26,876 | 46,710 | -42 % | ||
Challenger | 11,480 | 12,904 | -11 % | 21,217 | 24,275 | -13 % | ||
Journey | 0 | 4 | -100 % | 0 | 12 | -100 % | ||
Caravan | 0 | 1 | -100 % | 2 | 2 | 0 % | ||
Durango | 17,792 | 19,642 | -9 % | 32,921 | 37,109 | -11 % | ||
DODGE BRAND | 49,787 | 59,752 | -17 % | 92,735 | 110,727 | -16 % | ||
500 | 163 | 1 | 16200 % | 204 | 1 | 20300 % | ||
500L | 0 | 0 | 0 | 3 | -100 % | |||
500X | 153 | 143 | 7 % | 266 | 278 | -4 % | ||
Spider | 0 | 0 | 0 | 0 | ||||
FIAT BRAND | 316 | 144 | 119 % | 470 | 282 | 67 % | ||
Giulia | 656 | 865 | -24 % | 1,296 | 1,831 | -29 % | ||
Alfa 4C | 0 | 1 | -100 % | 0 | 1 | -100 % | ||
Stelvio | 949 | 1,328 | -29 % | 1,866 | 2,752 | -32 % | ||
Tonale | 887 | 117 | New | 1,615 | 117 | New | ||
ALFA ROMEO | 2,492 | 2,311 | 8 % | 4,777 | 4,701 | 2 % | ||
FCA US LLC | 344,993 | 434,648 | -21 % | 677,533 | 802,975 | -16 % | ||
FCA US LLC Sales Summary H1 24CY vs H1 23CY | |||
H1 Sales | Vol % | ||
Model | 2024 | Pr Yr | Change |
Compass | 49,842 | 51,292 | -3 % |
Patriot | 0 | 0 | |
Wrangler | 77,204 | 84,642 | -9 % |
Gladiator | 23,478 | 27,326 | -14 % |
Cherokee | 2,165 | 19,219 | -89 % |
Grand Cherokee | 106,751 | 124,956 | -15 % |
Renegade | 7,326 | 9,149 | -20 % |
Wagoneer | 29,865 | 13,635 | 119 % |
Grand Wagoneer | 7,555 | 5,268 | 43 % |
JEEP BRAND | 304,186 | 335,487 | -9 % |
Ram P/U | 179,526 | 223,049 | -20 % |
ProMaster Van | 21,222 | 37,894 | -44 % |
ProMaster City | 45 | 9,792 | -100 % |
RAM BRAND | 200,793 | 270,735 | -26 % |
200 | -1 | 1 | -200 % |
300 | 3,691 | 7,197 | -49 % |
Town & Country | 0 | 0 | |
Pacifica | 70,882 | 73,845 | -4 % |
CHRYSLER BRAND | 74,572 | 81,043 | -8 % |
Dart | 0 | 0 | |
Viper | 1 | 0 | |
Hornet | 11,718 | 2,619 | 347 % |
Charger | 26,876 | 46,710 | -42 % |
Challenger | 21,217 | 24,275 | -13 % |
Journey | 0 | 12 | -100 % |
Caravan | 2 | 2 | 0 % |
Durango | 32,921 | 37,109 | -11 % |
DODGE BRAND | 92,735 | 110,727 | -16 % |
500 | 204 | 1 | 20300 % |
500L | 0 | 3 | -100 % |
500X | 266 | 278 | -4 % |
Spider | 0 | 0 | |
FIAT BRAND | 470 | 282 | 67 % |
Giulia | 1,296 | 1,831 | -29 % |
Alfa 4C | 0 | 1 | -100 % |
Stelvio | 1,866 | 2,752 | -32 % |
Tonale | 1,615 | 117 | 1280 % |
ALFA ROMEO | 4,777 | 4,701 | 2 % |
FCA US LLC | 677,533 | 802,975 | -16 % |
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SOURCE FCA US LLC
FAQ
What was Stellantis' quarter-over-quarter U.S. sales growth in Q2 2024?
How did Stellantis' year-over-year U.S. sales perform in Q2 2024?
Which Stellantis vehicle saw the biggest year-over-year sales increase in Q2 2024?
How did Ram brand's commercial fleet sales change in Q2 2024?
Which Stellantis brands saw positive quarter-over-quarter sales growth in Q2 2024?
How did sales of Dodge brand's Charger perform in Q2 2024?
Which Stellantis plug-in hybrid models are top-selling in the U.S.?
What new vehicle did Stellantis launch in Q2 2024?
How did Fiat brand sales perform year-over-year in Q2 2024?
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