Stellantis net profits down ...48% from last year.

[Fightnfire]

https://www.cnbc.com/2024/07/25/stellantis-h1-earnings-2024.html

 

[NMTRUCKER]

https://www.cnbc.com/2024/07/25/stellantis-h1-earnings-2024.html

Looks like their US sales were down 16% from last year. IMO their vehicles are overpriced. In my area the dealer lots are beginning to fillup so hopefully consumers will be able to negotiate better prices than MSRP. I’m really interested in the pricing structure of the 2025 4-Runner considering the TUNDRA debacle.

 

[testerdahl]

Yeah, I'm just catching up on this news.

 

[Fightnfire]

Yeah, I'm just catching up on this news.

I wonder which lines they're going to cut? That's too much market share lost to just lower the prices on current inventory and call it good.

 

[TheDo114]

Their bread and butter, the classic line, is going away and now they are left with trucks with prices in the stratosphere. They will adjust by cutting the cost like they always do. Maybe start a classic 2.0 with the previous model.

 

[testerdahl]

I wonder which lines they're going to cut? That's too much market share lost to just lower the prices on current inventory and call it good.

I think Ram and Jeep are fine. Chrysler? Some of the European brands? Those are the ideal candidates.

 

[Hilux]

The only real solution is to raise prices even more that will increase sales.