Stellantis cuts inventory, but Dodge, Jeep and Ram are still doing so
The automaker has reduced its bloated U.S. inventory by more than 100,000 vehicles go through Brad Anderson 14 hours ago As of early January, Jeep's inventory had been reduced from 129 days to 114 days. Dodge's inventory is down 52%, but its 122-day supply is still one of the highest. Ram's inventory dropped from 128 days in November to 107 days in January. 2024 is another tough year for Stellantis. U.S. sales fell 15%, the sixth consecutive year of declines. That's not exactly the kind of streak you want on your resume. The silver lining, however, is that Stellantis is finally taking a hard look at its bloated U.S. inventory and starting to address the problem. By the end of the year, the company had successfully reduced its inventory, but it was clear there was still a lot of work to do. New data shows that as of January 6, 2025, the total U.S. vehicle inventory was approximately 2.88 million…
KTM’s global unsold inventory reaches 265,000 units
KTM Unsold Stock – Reference Photos Accumulation of unsold inventory for a year is due to poor management decisions and wrong production calculations Team Orange is experiencing something of a crisis around the world. The company has also filed for bankruptcy. It is estimated that KTM is saddled with about $3 billion in debt and is in poor shape. The company has announced that it will temporarily suspend production in January and February 2025. The move affects up to 1,000 workers. There are reports that KTM did not pay workers their December wages and Christmas bonuses. Now, a recent report suggests that the temporary production shutdown may be due to unsold inventory of up to 265,000 units. KTM unsold inventory Amid all the negative developments for KTM, a recent report brought to light one issue. According to German publication Der Standard, KTM did not sell many motorcycles last year. The number of unsold vehicles in KTM's inventory is as high…
KTM’s global unsold inventory reaches 265,000 units
KTM Unsold Stock – Reference Photos Accumulation of unsold inventory for a year is due to poor management decisions and wrong production calculations Team Orange is experiencing something of a crisis around the world. The company has also filed for bankruptcy. It is estimated that KTM is saddled with about $3 billion in debt and is in poor shape. The company has announced that it will temporarily suspend production in January and February 2025. The move affects up to 1,000 workers. There are reports that KTM did not pay workers their December wages and Christmas bonuses. Now, a recent report suggests that the temporary production shutdown may be due to unsold inventory of up to 265,000 units. KTM unsold inventory Amid all the negative developments for KTM, a recent report brought to light one issue. According to German publication Der Standard, KTM did not sell many motorcycles last year. The number of unsold vehicles in KTM's inventory is as high…
Honda recalls Passport and Pilot due to fuel leak risk
Honda is recalling 206,000 vehicles due to fuel filler and oil pipe problems. December 6, 2024 — Honda has recalled nearly 206,000 Passports and Pilots due to the possibility of fuel leaks. The recalled 2023-2024 Honda Passport and 2023-2025 Honda Pilot vehicles are equipped with filler necks and filler tubes that can separate in a crash impact. Fuel leaks are dangerous at any time due to the risk of fire, especially in the event of a crash. The problem occurred during the installation of the fuel pump assembly, and Honda received its first warranty claim in May. “Honda found six vehicles in its warehouse inventory with incomplete connections between the filler neck and filler pipe.” — Honda Honda fuel leak recall letters should be sent out by January 6, 2025, and dealers will repair the fuel filler neck and fuel filler tube if needed. Honda Passport and Pilot owners can call 888-234-2138 to ask for recall number OKM.
Stellantis finally takes control of U.S. inventory
U.S. auto market inventories surged 4.7% in September, with inventory levels hitting a record high. Ram, Jeep and Dodge have managed to reduce inventories even as inventory levels continue to climb across the industry. Electric vehicle inventories fell 2.6% in September, reversing a recent trend of rising inventory levels. While inventory levels increased across the industry last month, Stellantis has made some progress in reducing its bloated inventories across the United States. The auto giant has spent much of 2024 dealing with surging inventory across the country. At one stage, the Jeep and Ram brands had more than double the industry average in stock, while other Stellantis brands - including Alfa Romeo, Chrysler and Dodge - were also well above average. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP") { adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Read: New car inventory surges, Stellantis drowned in unsold cars However, the latest data released S&P…
Massive Car Discounts | Great Deals on 2024 Unsold Inventory
Looking for the best time to buy a car? Bulk discounts have ended, thanks for the 70-75 days of unsold inventory! OEMs (Original Equipment Manufacturers) are offering incredible offers to clear their inventory, which has reached 780,000 units worth Rs 77,800 crore. More discounts are expected as dealers and manufacturers look to move inventory before the end of the year. Huge discounts on cars until end of 2024. Huge cash benefits and additional accessories. By the end of August, unsold inventory had ballooned to 70-75 days. Why are inventories soaring? Several factors contributed to this unprecedented inventory crisis: Reduced consumer response: Retail sales fell as low consumer confidence led to delayed purchases. In August 2024, passenger car retail sales dropped by 4.53% year-on-year. High shipment volumes from OEMs: Manufacturers have been sending vehicles to dealers, but retail sales are seeing a slowdown, leading to growing vehicle piles. Holiday demand delayed: Festivals like Ganesh Chaturthi and Onam are not boosting sales…
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