Jeep Shocks the Car Market With Latest Announcement! (Video)
In this 18 November 2024 video, host Brandon, a used car dealer shares the ins and outs of the used car market from his perspective. He shares updates on car prices, what’s happening at the dealer auctions and what it’s like being a dealer. His goal is to share information to help customers make the best decisions while buying a car to save money. He does not want car dealers taking advantage of their customers.
Stellantis has experienced a decline in sales and market share in 2024, with the third quarter of 2024 being the fifth consecutive quarter of decline in the United States.In the third quarter of 2024, Stellantis’ US sales were down 19.8% from the same period in 2023, and 11.5% from the previous quarter. This was the worst sales performance among major automakers in the quarter.
Some factors that have contributed to Stellantis’ sales decline include:
- Production cuts: Stellantis has made pre-announced production cuts to reduce dealer inventory and transition to new products.
- High interest rates: High interest rates have contributed to the decline in sales.
- Softening consumer demand: Consumer demand has softened, contributing to the decline in sales.
- Dealer discontent: Stellantis dealers have accused the company of not spending enough on incentives to move aging vehicles
https://youtu.be/kvn0eDMELm8
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