It’s not due to tariffs. They have the largest inventory of unsold vehicles.
https://www.motor1.com/news/735513/stellantis-too-many-unsold-cars/
But that’s the excuse they use to blame Trump.
Our local Dodge dealer has so many cars and trucks they have to store them off site in vacant parking lots................
Stellantis knows the tariffs are going to cut into their USA sales, so they don’t want to add to that existing large inventory of unsold vehicles.
So I’d argue the tariffs broke the camel’s back.
Internal pressure will now mount on the Mexican and Canadian governments to reduce their tariffs on imported cars from the USA and get their people back to work. That’s WINNING!
Yep. The car industry is in a bad way right now. I would not touch any car made since Covid broke - new or used. I own four cars, the newest of which is 2017. They are all doing fine.
My wife and I do a fair number of long distance driving trips, but now we tend to just rent cars for those trips. Other than cost, it brings many advantages.
Correct...they are very close to bankruptcy thanks to their moronic investment in EV.
So does Ford and many others. People are trying to recover from Bidenflation and the Biden poor economy.
Stellantis and Nissan are in a race to the bottom.
“It’s not due to tariffs. They have the largest inventory of unsold vehicles.”
NOT QUITE!
How many of those vehicles are they going to sell NOW?
It was the tariffs, says the camel with the broken back.