VFACTS - September 2024

[jpd80]

Originally Posted by Sprintey

RAM and Jeep sales collapsing in the US is a perfect storm of very high pricing in covid, what consumers have described as scalping, force feeding dealers, disagreement between Stellantis and unions (quality), Stellantis and dealer bodies (no incentives given, lawsuits, open letters of rebellion) - but mostly a consumer that refuses to pay 60-70K US for a pickup truck they used to buy in the 30s. Ending all the Hemi V8s hasn't helped. They are too late with adjusting prices lower as the covid stimulus effect has subsided.

All US sellers are feeling the cooling of the market, fewer buyers want to finance at the moment
knowing that their jobs might be ending, can’t afford the monthly payment or waiting for lower interst rates.

Stellantis is especially bad because high end buyers seem to have deserted them and inventory
is loaded with hard to sell models. Maybe everyone waiting for a fire sale at cost just to move them