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Cox Automotive Analysis: Stellantis’ Q4 2022 Market Performance
Stellantis has steered skillfully through the global computer chip shortage, maintaining the most abundant vehicle inventory in the U.S. auto industry for the past year while other automakers struggled with skimpy supply. Still, Stellantis posted a decline in U.S. sales in the fourth quarter while also cutting incentives. Its average transaction price rose to over $55,000, thanks mostly to a pair of pricey new Jeeps and strong Dodge pricing increases. Europe and the U.S. are Stellantis’ most important markets. Here are some data points from Cox Automotive on Stellantis’ U.S. Q4 market performance. Stellantis’ Q4 Sales Pulled Down by Jeep Stellantis Q4 sales totaled 347,649 vehicles, down 15.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from Q4…
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Stellantis 2022 earnings strong despite logistics, chip problems
Stellantis unveiled a share buyback of as a lot as 1.5 billion euros ($1.6 billion) subsequent Mercedes-Benz and BMW in returning hard cash to shareholders immediately after potent 2022 benefits on the back again of higher auto rates and pent-up demand from customers. Stellantis expects one more year of double-digit returns as vehicle selling price raises slow, chip shortages simplicity and generation picks up, the automaker said Wednesday. The company’s working return rose to 13 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} past year, beating analysts’ expectations. “Price increases ended up sizeable in 2022 and they will be lessen in 2023,” Chief Economical Officer Richard Palmer stated on a phone with reporters. “The obstacle for 2023…
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Stellantis evaluating dealers for chargers, EV sales needs
DETROIT — Stellantis is doing the job to ease dealerships into its formidable electric powered auto rollout, but it has no ideas to specify the greenback amounts they’re going to require to make investments as Basic Motors and Ford Motor Co. have done. The automaker has partnered with Long term Strength, a corporation that advises dealerships on how to set up charging infrastructure and can coach personnel on operational modifications relevant to EVs and product sales procedures. “Almost 70 p.c of sellers are in a variety of phases of assessing their particular person readiness” with Long run Electrical power, Stellantis explained Tuesday. The two businesses commenced performing alongside one another…
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