Stellantis reported a considerable 21% year-over-year decline in car gross sales within the U.S. in the course of the second quarter of 2024, to 344,993. It was the group’s fourth consecutive unfavourable quarter, however troubles didn’t finish there.
In accordance with Stellantis, in Q2 2024, its plug-in hybrid car gross sales within the U.S. decreased. And that is a shock as a result of the corporate has accustomed us to a quick development of PHEV gross sales, typically by greater than 100% year-over-year.
Stellantis owns the U.S. PHEV section
Stellantis put 4 fashions into the highest 5 best-selling PHEV fashions within the U.S. The corporate’s PHEV gross sales in the course of the first half of the yr exceeded 78,000 and accounted for greater than 11% of the overall quantity.
Final quarter, Stellantis bought 32,312 plug-in hybrids within the U.S., almost 12% lower than a yr in the past. It was the slowest PHEV quarter since Q1 2023. There was no signal that such a slowdown is coming, after the Q1 document of 45,781 and an 82% year-over-year development price.
Nonetheless, the PHEV share within the firm’s whole quantity remained comparatively excessive at 9.4% (in comparison with 8.4% in Q2 2023).
Stellantis is up to now forward within the PHEV section that nobody can match it even in a slower quarter. Toyota bought 12,659 PHEVs in Q2.
Relating to manufacturers, a lot of the quantity comes from Jeep, which appears to be an ideal utility for the plug-in hybrid powertrain.
Stellantis’s Fiat model launched the brand new, all-electric Fiat 500e mannequin within the U.S. in Q2, though we aren’t fully positive about its gross sales quantity. The Fiat 500 famous 163 items in Q2 and 204 within the first half of the yr, nevertheless it theoretically would possibly embody some non-electric variations.
Plug-in automobile gross sales in Q2’2024:
- Alfa Romeo PHEVs: 887 (up 658%) and 35.6% share
- Chrysler PHEVs: 7,858 (down 10%) and 19.8% share
- Dodge PHEVs: 1,983 (new) and 4% share
- Fiat EVs: N/A
- Jeep PHEVs: 21,584 (down 22%) and 14.7% share
- Stellantis PHEVs: estimated 32,312 (down 12%) and 9.4% share
To this point this yr, Stellantis has bought greater than 78,000 plug-in hybrids within the U.S., nearly thrice greater than Toyota. Nevertheless, because of the weak Q2, the expansion price weakened to 27%.
Plug-in automobile gross sales in Q1-Q2’2024:
- Alfa Romeo PHEVs: 1,615 (up 1,280%) and 33.8% share
- Chrysler PHEVs: 15,178 (up 24%) and 20.4% share
- Dodge PHEVs: 7,966 (new) and eight.6% share
- Fiat EVs: N/A
- Jeep PHEVs: 53,334 (up 8%) and 17.5% share
- Stellantis PHEVs: 78,093 (up 27%) and 11.5% share
For reference, in 2023, Stellantis bought greater than 142,000 plug-in hybrid vehicles within the U.S. (124% greater than in 2022).
Mannequin gross sales
Stellantis at present affords 5 PHEV fashions, underneath 4 manufacturers: Alfa Romeo Tonale mannequin (PHEV-only), Dodge Hornet R/T (PHEV) (alongside the ICE model), Chrysler Pacifica Hybrid, Jeep Grand Cherokee 4xe, and Jeep Wrangler 4xe.
In accordance with the corporate, 4 fashions are among the many prime 5 best-selling PHEVs within the U.S.: the Jeep Wrangler 4xe (No. 1), the Jeep Grand Cherokee 4xe (No. 2), the Chrysler Pacifica Hybrid (No. 4), and the Dodge Hornet (No. 5).
Sadly, solely the brand new fashions—Alfa Romeo Tonale and Dodge Hornet R/T—introduced some development. For the primary time in a few years, there may be additionally an all-electric automobile on the checklist, the Fiat 500e, with an unknown preliminary quantity (no greater than 163 in Q2).
Mannequin gross sales in Q2’2024:
- Alfa Romeo Tonale (PHEV): 887 (up 658%)
- Chrysler Pacifica Plug-In Hybrid: 7,858 (down 10%)
(21% of Chrysler Pacifica whole gross sales) - Dodge Hornet R/T (PHEV): 1,983 (new)
(46% of Dodge Hornet whole gross sales) - Fiat 500e: N/A
- Jeep Grand Cherokee 4xe: 6,460 (down 40%)
(12% of Jeep Grand Cherokee whole gross sales) - Jeep Wrangler 4xe: 15,124 (down 11%)
(39% of Jeep Wrangler whole gross sales)
The outcomes for the primary half of the yr are nonetheless optimistic.
Mannequin gross sales in Q1-Q2’2024:
- Alfa Romeo Tonale (PHEV): 1,615 (up 1280%)
- Chrysler Pacifica Plug-In Hybrid: 15,178 (up 24%)
(21% of Chrysler Pacifica whole gross sales) - Dodge Hornet R/T (PHEV): 7,966 (new)
(68% of Dodge Hornet whole gross sales) - Fiat 500e: N/A
- Jeep Grand Cherokee 4xe: 19,120 (up 6%)
(18% of Jeep Grand Cherokee whole gross sales) - Jeep Wrangler 4xe: 34,214 (up 9%)
(44% of Jeep Wrangler whole gross sales)
EVs coming in 2024
Because the all-new, all-electric Fiat 500e entered the market, we at the moment are ready on a number of new fashions, together with Jeep Recon, Ram 1500 REV (with Ram Ramcharger model), Grand Wagoneer S and Dodge Charger Daytona.
