Stellantis saw higher year-over-year sales in the second quarter on the backs of higher demand in the U.S. and a strong showing from its dealers.
The automaker’s sales rose 6% from the prior-year period, hitting 434,648 units in June. Across its brands, Dodge saw the greatest improvement in terms of sales, growing 37% year-over-year. Chrysler sales increased 33%, while Ram sales went up by 3%. However, Alfa Romeo and Fiat saw steep declines in Q2, dropping 25% and 42%, respectively. Jeep also struggled in the U.S., falling 3% for the brand’s eighth consecutive quarter of declines, even as the Wrangler 4xe broke its quarterly sales record.
Nevertheless, Stellantis’ overall success in Q2 brings an end to nearly two years of shrinking market share and decreasing demand in the U.S. and represents a swift turnaround from the first quarter. Between January and March, the car manufacturer sold 368,327 new vehicles, a decline of 9% from the previous year. Comparing the two periods, the company saw 18% higher sales in the second quarter. Jeff Kommor, Stellantis head of U.S. sales, celebrated the reversal, stating: “We saw increased demand this quarter as market conditions continue to improve and our dealer network makes the necessary adjustments to drive sales growth across our brand portfolios.”
That said, Jeep, one of the automaker’s most popular subsidiaries in North America, continued to hold sales back despite the segment performing well across the remainder of the automotive industry. While the decline has begun to stagnate, suggesting an eventual recovery, Stellantis will need to prioritize the brand if it hopes to continue improving in the next quarter.