No 3 car brand in US suffers shock 70% drop in profits… because it takes hundreds of days to sell a single car
The maker of huge American brands Jeep, Dodge, Chrysler and Ram reported a staggering 70 percent drop in profits for 2024. The corporate owner of the brands, Stellantis — the third biggest automaker in the US — said it cannot sell cars quick enough, with one model sitting on lots for over a year before selling on average. Steep prices for several models are putting off buyers. The Jeep Wagoneer, for example, starts at $59,000 and top models reach upwards of $114,000.
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