A double-digit decline at Stellantis’ biggest brand, Jeep, led the automaker to a 6.4 percent decline in third-quarter U.S. sales.
The company’s top sales executive, Jeff Kommor, blamed the company’s latest results on “challenging industry supply constraints.”
Jeep was hurt by a 53 percent slump in deliveries of the Grand Cherokee, its biggest seller, during the latest quarter.
Stellantis‘ No. 2 brand, Ram, also posted a decline during the period on slightly weaker pickup deliveries. Jeep and Ram sales have now dropped five straight quarters.
One bright spot: Stellantis said commercial shipments rose 57 percent during the quarter, without providing details.
Brands: Jeep, down 18%; Ram, off 3.8%; Dodge, up 22%; Chrysler, up 39%; Fiat, down 48%; Alfa Romeo, down 24%.
Notable nameplates: Ram pickup, down 3%; Jeep Grand Cherokee, down 53%; Jeep Gladiator, down 5%; Jeep Cherokee, down 1%; Jeep Wrangler, up 4%; Dodge Durango, up 32%; Dodge Charger, up 25%; Dodge Challenger, up 17%; Chrysler Pacifica, up 46%.
Incentives: $2,378 per vehicle, down 21% from $2,378 a year earlier, TrueCar says.
Average transaction price: $54,691, up 11% from $49,396 a year earlier, according to TrueCar.
Quote: “Our dealers are making every effort to deliver upon each and every customer’s needs while we continue to deal with challenging industry supply constraints.”
— Jeff Kommor, head of U.S. sales for Stellantis
Did you know? U.S. sales of Jeep’s new Wagoneer tallied 13,001 in the third quarter, while Grand Wagoneer volume totaled 2,353. Combined sales of the big luxury SUVs total nearly 40,000 year to date.