resolved

• Michael Gauthier
• 2024-10-17
• Auto Show News
• (0)

Stellantis shipments drop 20%, but eventually resolved

The automaker's North American shipments fell sharply as the region cut production to combat an inventory glut Stellantis revealed that third-quarter shipments are expected to decline by approximately 20%. The biggest declines were in North America, where companies are looking to clear excess inventory through production cuts and greater incentives. Maserati's shipments plunged 60%, although that's not surprising considering the demise of the Ghibli, Quattroporte and Levante. Stellantis has been dealing with an inventory glut, which they are working to address through a series of incentives and production cuts. While this isn't exactly news, the company revealed that third-quarter shipments are expected to drop 20%. This equates to approximately 279,000 vehicles, with the largest decline occurring in North America. Among them, shipments fell by approximately 171,000 units in the third quarter. More: New car inventory surges, Stellantis drowned in unsold cars The company said the majority of the production decline - more than 100,000 units - can be attributed to…