FCA Reports Q3 2024 Total U.S. Sales Decreased 20% Year Over Year; Reports Total Sales Of 305,294 Vehicles; Total Market Share Increased MoM During Q3 From 7.2% In July To 8% In September While Inventory Was Reduced By 50K Units
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FCA US LLC reported a 20% year-over-year decrease in Q3 2024 U.S. sales, totaling 305,294 vehicles. Despite the decline, the company's market share increased from 7.2% in July to 8% in September, and inventory was reduced by 50K units. Incentives will continue across brands like Chrysler, Dodge, FIAT, Jeep, and Ram.
October 02, 2024 | 1:13 pm
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FCA US LLC, part of Stellantis (STLA), reported a 20% drop in Q3 2024 U.S. sales but increased its market share from 7.2% to 8%. Inventory was reduced by 50K units, and incentives will continue across its brands.
The 20% decrease in sales is a negative indicator for Stellantis, suggesting potential revenue challenges. However, the increase in market share and inventory reduction are positive signs. The continuation of incentives may help boost future sales.
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