[ad_1]
2021 Dodge Durango SRT Hellcat
Fiat Chrysler
DETROIT – Increased sales of Chrysler Pacifica minivans, Jeep Compass and Dodge Durango SUVs excellent New vehicle sales in the US in the second quarter increased by 6.4% over the previous year.
The rally is another sign of rebounding demand for new cars, as car and truck inventories improve from historically low levels during the coronavirus pandemic and supply chain problems.
Stellantis’ sales increase is expected to be among the lowest in the second quarter, according to auto industry forecasters whose enterprise industry sales increased 16% to 18% during that period compared to a year earlier.
“We saw increased demand this quarter as market conditions continued to improve and our dealer network makes the necessary adjustments to drive sales growth across our brand portfolios,” said Jeff Comor, Stellantis’ president of U.S. sales. Monday release.
Shares of Stellantis rose about 1.5% after the news.
Durango sales more than tripled on weak results during the second quarter of 2022, while Pacifica minivan sales jumped 40% and Jeep Compass sales increased 28%. Most of the company’s other vehicles experienced lower sales compared to the previous year.
Stellantis reported second-quarter sales of 434,648 vehicles, up from 408,521 cars and trucks a year earlier.
Cox Motors recently increased It expected its full-year new-vehicle sales to reach 15 million for the broader industry, up nearly 8% from 2022, when sales ended at 13.9 million due to lower inventory levels and inflated transaction prices.
Stellantis’ results come after other legacy automakers reported increases in sales in the second quarter, electric car makers Tesla And Rivian It reported deliveries that beat analyst expectations quarterly.
Honda Motor And Nissan Motor On Monday, both reported double-digit second-quarter sales increases of 45% and 33%, respectively, over the prior year. Hyundai Motor It said on Saturday that its sales from April to June were up about 14% compared to the year before.
Other automakers such as general motors And Ford Motor It is expected to report second-quarter sales later this week.
[ad_2]
