Stellantis’ US Sales Plunge Again in Sign of Deepening Woe
• Third-quarter total was lowest since company’s 2021 merger
• CEO Tavares is struggling with weak demand, dealer unrest

By Gabrielle Coppola
October 2, 2024 at 9:25 AM EDT
Updated on October 2, 2024 at 9:42 AM EDT

Stellantis NV’s US sales plunged 20% last quarter — the fifth consecutive decline — as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.

Deliveries fell to 305,294 in the three months ending in September, the lowest level since the company was formed from the 2021 merger of Fiat Chrysler and France’s PSA Group. Sales declined at five of its six brands, including a 6% slide at Jeep and 19% drop in the Ram truck division.

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