Stellantis Faces Sales Dip, Prepares for Electrified Future

Stellantis saw significant third-quarter declines in sales and revenue, but there could be some positive news coming for the automaker in the near future.

The brands from Stellantis, Jeep, Ram, Chrysler, and Dodge are in transitional phases of operations. This typically means slower and lower sales than expected, which took place during the third quarter. The year-over-year sales fell 20.8% for this quarter, with the Stellantis brands selling 301,293 models compared to 380,563 models during the same quarter last year. This was an expected drop as the brands continued to transition to new vehicles.

Reducing inventory is part of the plan

The newly appointed CFO, Doug Ostermann, understands the dip in sales and revenue and is prepared for it. This has been a transitional year for Stellantis. The company is retooling to ramp up its shift to electrification and achieve net carbon zero emissions by 2038. The transition means fewer models are being built by the company, which means it has been a tough year.

Part of this goal is to reduce inventory at US dealer locations from 430,000 to 330,000 from the middle of the year until the end of October, and that happened for the company. In fact, it happened well enough that Stellantis had an increase in sales in October compared to September.

A full transition for Stellantis brands

The brands mentioned are in a transitional phase. This means adding a list of new vehicles and EVs to the market. The automaker has already added low-cost models in Europe, which seem to be doing well. The company intends to add new models in the Middle East in Q4 and South America next year.

The addition of the new Dodge Charger Daytona and Jeep Wagoneer S that have been added to the US lineup gives us some electric vehicles that will cater to buyers who are early adopters of the technology.

What does the Dodge Charger Daytona offer?

The new Charger Daytona EV brings the sounds you want from a Charger, with the simulated exhaust note to make this EV sports car a lot of fun. This new electric Dodge sports car gains a lot more performance than it had when it was only powered by a gas engine. This new model has the juice to get things going in a hurry.

Good power in an electric Charger

The new Charger Daytona has an R/T performance variant, making it a serious electric performance car from Stellantis. This new model comes standard with the Direct Connection Stage 1 Upgrade, which increases maximum output to 496 horsepower and 404 lb-ft of torque. The outgoing R/T model with the V8 engine made only 370 horsepower and didn’t have the torque range available as soon as the accelerator was pushed. The new Charger EV rides on a set of 18-inch aluminum wheels wrapped in all-season tires.

Going for more power at higher trims

The Charger Daytona Scat Pack gives drivers even more power from the Direct Connection Stage 2 Upgrade. This upgrade improves the power to 670 horsepower and 627 lb-ft of torque. This is a lot more power than the previous Scat Pack model which turned out 485 horsepower for the Charger. The Scat Pack model also comes with the Track package that adds a set of red Brembo brakes, a gloss black rear spoiler, and dual-valve adaptive dampers.

The Jeep Wagoneer S is a unique Jeep SUV

Most Jeep Wagoneer models are much larger than the Grand Cherokee SUVs, but not the new all-electric Jeep Wagoneer S. This new SUV looks lower and sleeker than anything else in the Jeep lineup. It has a two-row, five-seat build that makes it an easy choice that straddles the compact and midsize SUV classes.

Power for the small Wagoneer S

The new Jeep Wagoneer S features front and rear electric motors to deliver 600 horsepower to all four wheels, which makes it one of the most impressive electric SUVs available. This Jeep can reach 60 mph in only 3.4 seconds. That’s pretty quick for an SUV, which can make it fun and exciting to drive. The new Wagoneer S also features a claimed driving range of over 300 miles. It takes 20 minutes to charge this SUV from 20 to 80 percent of its full charge.

Stellantis has a good future

Although sales were down during the third quarter for Stellantis, this wasn’t anything the automaker didn’t see coming. The slow sales are part of the transitional year for the brand, which should bounce back once the new EVs are on the market and the small entry-level vehicles arrive in the United States.