FCA US LLC Reports Sales Of 434,648 Vehicles In Q2 2023. Overall, Total U.S. Sales For Q2 Increased 6% Versus The Same Period Last Year
Portfolio Pulse from Happy Mohamed
FCA US LLC, a subsidiary of Stellantis N.V. (STLA), reported a 6% increase in total U.S. sales for Q2 2023 compared to the same period last year, with sales of 434,648 vehicles. The Ram brand saw a 3% increase in total U.S. sales, while the Jeep Wrangler 4xe recorded its best quarter to date with a 56% increase in total sales. The Chrysler brand's total U.S. sales grew by 33%, and the Dodge brand's total U.S. sales increased by 37%. Stellantis brands Dodge, Ram, and Alfa Romeo took the top three spots in the J.D. Power 2023 U.S. Initial Quality Study.
July 03, 2023 | 2:05 pm
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POSITIVE IMPACT
Stellantis N.V. (STLA) may see a positive impact on its stock price in the short term due to the reported increase in Q2 2023 U.S. sales by its subsidiary, FCA US LLC.
The reported increase in Q2 2023 U.S. sales by FCA US LLC, a subsidiary of Stellantis N.V., indicates strong performance and demand for the company's brands. This positive news could lead to increased investor confidence and a potential rise in Stellantis' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100