After years of decline, Stellantis executive admits neglecting U.S.
In 2024, Stellantis’ U.S. sales will drop 15% year-on-year. Jeep and Ram bosses are optimistic about the year ahead. The good news is that it has successfully reduced inventories across the country. Stellantis' sales in the United States have been declining year by year since 2018, and reversing this trend has become the group's top priority in 2025. The company acknowledges the road ahead won't be easy, and executives admit they've struggled in recent years. Still, they remain cautiously optimistic about turning things around. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); More: Stellantis sales plummet 15% in 2024, but one brand 'soars' 154% Last year, Stellantis, which owns brands such as Jeep, Ram, Chrysler, Dodge, Fiat, Maserati and Alfa Romeo, sold 1,303,570 vehicles in the United States, a sharp 15% drop from 1,527,090 vehicles in 2023. , the company's U.S. market share has also taken a hit,…
U.S. jobless claims decline as labor market remains stable
The number of new U.S. jobless claims unexpectedly fell last week, signaling a strong labor market as 2024 draws to a close. In a surprising development, the Labor Department reported that initial jobless claims fell by 9,000 to a seasonally adjusted 211,000 in the week ended December 28. For more details, visit the original report here. Also read: Post-Christmas rejection surge in U.S. truckload market The data, analyzed by economists polled by Reuters, showed the employment sector was in much healthier shape than expected at 222,000. The accuracy of forecasts amid seasonal fluctuations demonstrates the underlying strength of the economy. Other insights from IndexBox suggest employment continues to be stable, with recruitment agencies showing the number of people receiving benefits fell by 52,000 to stabilize at 1.844 million. In response to economic resilience, the Fed has chosen a conservative approach, forecasting just two rate cuts in 2025 instead of the four forecast earlier this year. The decision reflects confidence in…
Tesla’s Australian sales decline in 2024 detailed
Tesla failed to recover in the final month of 2024, reversing a year-long sales decline and ended the year with fewer than 40,000 vehicles delivered to Australian customers. According to data released by the Electric Vehicle Council (EVC), Tesla delivered 3,593 vehicles to Australian customers in December, an increase of 63.9% from the same month last year. It was a rare win for the electric vehicle (EV) specialist, which has seen deliveries fall in nine of the 12 months this year. By the end of the year, Tesla had delivered 38,347 vehicles in Australia, down 16.9% from 2023 figures, as the brand experienced huge growth in the local market. moonTesla deliveriesYear-on-year differenceJanuary1107-66.6%February5665+61.1%March6017+68.2%April2077-43.5%possible3567-20.3%June4683-33.3%July2592-12.9%August2393-30.5%September2649-48.8%OctoberChapter 1464-26.4%November2540-35.5%December3593+63.9%all38,347-16.9% Hundreds of new car deals available via car expert Now. Get the experts on your side and get big rewards. Browse now. The sales decline was largely driven by the Tesla Model Y, which has historically been the brand's best-selling car. After experiencing high demand in 2023,…
Volkswagen lifts ID.4 sales stop order, leading to sales decline in fourth quarter
Jetta sales jump more than 50% thanks to eye-catching facelift Volkswagen dealers finally obtained parts to repair the ID.4 and resumed sales. Production of the ID.4 is expected to restart in the coming weeks, and the automaker has committed to leasing deals. Volkswagen's sales rose 15.2% last year, in part due to strong demand for the Atlas and Jetta. Door handle problems have been plaguing the Volkswagen ID.4, triggering recalls, production discontinuations and discontinuation orders. This had a devastating impact on the company's bottom line, with fourth-quarter sales down 93.9% and full-year sales down 55%. These are brutal statistics, but there is light at the end of the tunnel. Earlier today, Volkswagen announced the launch of replacement door handles, which will allow dealers to not only repair customers' vehicles, but also unsaleable models in stock. MORE: VW halts ID.4 production because it can't fix leaky door handles This means the stop-sales order is being lifted and the company is preparing…
Tesla global sales decline for first time in more than a year
Tesla just had its best fourth-quarter sales in company history. Still, the electric carmaker's 2024 vehicle sales will be lower than 2023 sales. The company's stock price fell more than 20% in a week, causing investors to worry. Tesla's fourth-quarter sales results are out, and as expected, the results were mixed. On the bright side, the company set a new quarterly sales record. On the downside, the company missed expectations and sold fewer cars in 2024 than in 2023, posting its first annual sales decline in more than a decade amid growing competition in the global electric vehicle market. Not surprisingly, this resulted in a decline in the company's stock price. Let’s break it all down. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); See: Tesla Model Y Juniper comes with split front lights and rear light bar First, Tesla delivered 495,570 vehicles in the fourth quarter of…
Nissan sales hold steady, but global production signals decline
Donald Trump's proposed tariffs could spell more trouble for the Japanese brand November 29, 2024 18:32 Nissan's global production has fallen 7.1% so far this year However, the brand's sales increased slightly by 0.1%. It may soon face bigger problems from potential tariffs from the Trump administration. Nissan appears to be fully in what its CEO calls "emergency mode." The automaker has just reported a further decline in production after promising significant layoffs and a possible slowdown in growth. To make matters worse, changes in global trade patterns, especially the looming threat of tariffs, became another major obstacle that the brand had to overcome. More: Nissan exec warns 'We still have 12 or 14 months to survive' Globally, Nissan's production is down 7.1% this year, with declines across several major markets. Production in the United States fell by 10.6%, in Japan by 7.4%, and in the Chinese market, which Nissan has been heavily dependent on, it fell by 12.1%. The…
New Subaru Forester sales continue to decline, but BRZ sales surge
Subaru's year-to-date sales are up 5.2%, with sales in the first 10 months of 2024 totaling 548,164 vehicles go through Brad Anderson 1 hour ago Subaru continued its 27-month sales growth momentum, but sales of four models, including the Forester, fell in October. The Crosstrek tops the list of Subaru's best-selling models, surpassing the Outback and Forester models. Forester sales fell for the second consecutive month, although year-to-date sales are still up 17.8% from 2023. Subaru's U.S. sales rose for the 27th consecutive month in October, but it wasn't all smooth sailing. Sales of four models, including the 2025 Forester, are down, a reminder that even for Subaru, the road to growth can have some bumps in the road. Last month, the Japanese automaker sold 54,552 vehicles nationwide, a slight increase of 1.5% from October 2023's sales of 53,772 vehicles. This brings Subaru's year-to-date sales to 548,164 units, up 5.2% from the 520,995 units it moved during the same time…
Honda car sales in October 2024, domestic decline, export increase
Honda Elevate Apex Edition In addition to the year-on-year export outlook, Honda Motor's October 2024 sales showed an overall decline in both year-on-year and month-on-month analyses. Honda Cars India Ltd's sales outlook for October 2024 is good around the festive season. However, sales in the Asian subcontinent could have been better, but volumes are dwindling. Let's break down the numbers and take a closer look at how the company's sales will perform in October 2024. Honda car sales in October 2024 There was a time when HCIL (Honda Cars India Ltd) offered a wide range of vehicles starting from the low-end Brio to the high-end Accord executive sedan with advanced hybrid powertrain. Now, HCIL offers only three vehicles: Amaze, City and Elevate. The next-generation Amaze is being tested and could give Honda a big boost in sales. HCIL's sales performance in October 2024 is lower than the sales performance in October 2023 and September 2024. Despite a huge increase in…
German car sales plunge in August as electric car sales decline deepens
Electric vehicle registrations fell 69%, with overall sales down 28%, especially for Tesla go through Chris Chilton 50 seconds ago The latest data shows that car sales in Germany fell sharply in August compared with the same period last year, with electric car sales falling the most. Electric vehicle registrations fell 69% last month, while total passenger car sales fell 28%. Tesla's sales plunged 66% in August, but Peugeot and Volvo's sales increased. public Executives this week defended plans to close two plants by telling angry workers that the auto market was in a slump.Demand is unlikely to return to pre-coronavirus levels. The downturn is most pronounced in Germany, new data show. Data from Germany's Federal Motor Transport Authority (Kraftfahrt-Bundesamt - KBA) showed that total passenger car sales fell 28% in August compared with the same period last year. Related: Subsidy cuts cause German electric car sales to plummet 37% German brands all saw sharp declines, including Mini (down 45%),…
Acura plans to reverse its sales decline through an electric future.
Acura's electric vehicle plans include an RDX-sized model, a three-row SUV and an NSX successor go through Brad Anderson 8 hours ago The production version of the Performance EV Concept is expected to be launched in 2026. A three-row electric SUV is being prepared to compete with the Kia EV9. The most exciting new electric car will be a sports car similar to the discontinued NSX. Acura reported a 12% sales drop across its entire lineup in the first seven months of the year, but a slew of high-profile electric vehicles could get it back on track. The only electric car in Acura's lineup is the ZDX, developed in conjunction with General Motors using its Ultium platform. The model will be introduced alongside the production version of the stylish Performance EV Concept, which debuted during Monterey Car Week in mid-August. The new model will ride on an all-new platform and is expected to be in showrooms in late 2025 or…
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