2021 Dodge Durango SRT Hellcat
fiat chrysler
DETROIT – Chrysler Pacifica minivan, Jeep Compass and Dodge Durango SUV sales increase Stellar U.S. new vehicle sales rose 6.4 percent in the second quarter from a year earlier.
The rise was another sign of a rebound in demand for new vehicles, as inventories of cars and trucks improved from record lows during the coronavirus pandemic and supply chain issues.
Stellantis sales growth is expected to be the slowest in the second quarter, according to auto industry forecasters, who expect industry sales in the quarter to be up 16% to 18% from a year earlier.
“We saw increased demand this quarter as market conditions continued to improve and our dealer network made the necessary adjustments to drive sales growth across our brand portfolio,” Jeff Kommor, head of U.S. sales at Stellantis, said in a note. ” Posted Monday.
Stellantis shares rose about 1.5 percent following the news.
Durango sales have more than tripled compared to the lackluster second quarter of 2022. Other vehicles that performed well included a 40 percent increase in the Pacifica minivan and a 28 percent increase in sales of the Jeep Compass. Sales of most of the company’s other vehicles were down from a year earlier.
Stellantis reported second-quarter vehicle sales of 434,648, up from 408,521 cars and trucks a year earlier.
Cox Motors recently added Its full-year new vehicle sales are forecast at 15 million, up nearly 8% from 2022, when sales will eventually reach 13.9 million due to low inventory levels and higher transaction prices.
Stellantis results come after other traditional automakers report second-quarter sales growth, while electric automakers tesla and Rivian The reported delivery beat analysts’ quarterly expectations.
Honda and Nissan On Monday, both companies reported double-digit sales growth of about 45% and 33% year-over-year in the second quarter. Hyundai Motor Sales from April to June rose about 14% from a year earlier, it said on Saturday.
other automakers such as General Motors and Ford Second-quarter sales are expected later this week.
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