The maker of huge American brands Jeep, Dodge, Chrysler and Ram reported a stunning decrease in profit by 70 percent for 2024.
The business owner of the brands, Stellantis – the third largest car maker in the US – said it cannot sell cars fast enough, with one model that is on plots for more than a year before they sell on average.
Steep prices for different models postpone buyers. The Jeep Wagoneer starts, for example, at $ 59,000 and top models reach more than $ 114,000.
In the meantime, various cars, including the Jeep Grand Cherokee and Jeep Wrangler, are inclined to break down and land undernicated reliability assessments with consumer reports.
Americans do not want to buy expensive and unreliable cars – which has to fall a turnover of 25 percent in the US, with Jeep poorly hit. That is a greater fall than the 11 percent in Europe.
Worldwide, profit for Stellantis – who also makes Fiat, Peugeot and Maserati – from $ 19.55 billion in 2023 to $ 5.78 billion last year, according to the last winning report.
Stellantis also blamed delays delays in the launch of new models – which makes holes in his reach.
A striking weakness is the lack of Stellantis to a small pick -up in the Ram -Line -up. The Dodge Challenger, formerly the smallest vehicle in its portfolio, was stopped after the model year 2023, leaving a hole in its reach.
The Dodge Hornet had one of the worst days on the American market on the American market until 2024
A series of headline-grabbing crisis teased the automaker in 2024.
The Hornet, the newest vehicle from Dodge last year, was a clear example of the company's struggle.
In September 2024, Dodge dealers had so many unsold hornets that it would take 428 days – more than a year – to erase their much of this wrestling model.
The national average for LOT waiting times for all car manufacturers in January 2025 was 90 days. Chrysler, Ram, Jeep and Dodge placed all averages above 109 days over their vehicle fleets.
In general, the total sale of vehicles worldwide fell by 12 percent. Sales in North America fell by 25 percent in 2024.
The dramatic collapse of the profit also comes in the midst of leadership unrest.
Former CEO Carlos Tavares left in December and the company is still looking for a permanent replacement.
Rumors have sought that the company could also sell one of its luxury brands while it continues with the search for a top boss.
Carlos Tavares, the former CEO of Stellantis, resigned from the role in December – the company is still looking for a top boss
RAM trucks have also been on the plot for longer than the standards of the American vehicle industry
The sale in the brand delayed in 2024 – The company hopes that new products will help
Maserati, which booked a turnover drop of 58 percent in 2024, is a top candidate for the heel block.
In a statement with the company's income, Stellantis said that interim leaders have 'taken fast, decisive actions to improve the performance and profitability of the company'.
In 2025, Jeep will release a new electric SUV, the recon. Dodge has also launched the EV -publisher. Ram is about to bring the full-size Ramcharger pick-up to the dealership.
The company remained vague about its prospects in 2025 and committed itself to increased sales.
Wall Street responded negatively to the report, where the stock lost around 3 percent value by noon.
Motor problems
Stellantis is not alone.
Various other large car brands – including Audi, Tesla and Nissan – reported weaker sales data in 2024.
The companies are confronted with new global threats from rising car manufacturers in China and India.
Many Majors also claw back to relevance after not making investments in billion dollars in self-driving and battery-electric powertrain technology.
Meanwhile, American consumers are confronted with a price crisis on the car market.
The average new vehicle price for American cars floated around $ 48,000, a jump of $ 13,000 from 2020.
Various car manufacturers have raised their market share with different approaches.
Toyota has doubled on hybrid technologies and has seen an increase in sales by 3.7 percent in 2024.
Hyundai and Kia, both cheaper brands, increased sales by 3.1 percent in 2024 after investing billions in American factories for the production of batteries.
