Stellantis Sales Down 21 Percent In 2nd Quarter, Earnings Are About To Be A Disaster 😱
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- čas přidán 3. 07. 2024
- In today's video we talk about Stellantis sales being down 21 percent across the board. This is an indication that earnings are going to be a disaster. With all the warranty issues and more Stellantis is in trouble, and there's one person making these decisions to blame, Carlos Tavares.
Let's discuss this latest news in the comments - Auta a dopravní prostředky
The Yanks finally learning what the Europeans knew for the last 50 years: NEVER BUY A FIAT...
I remember in the 60s and 70s . Fiats were trash.They still are and now they’ve turned Chrysler, Jeep, Dodge, and Ram into trash. If you buy any of them now. You are stupid.
Fix it again Tony lol
So true
The Hornets are Alpha Romeos. But same deal.
How in the world did Fiat become such a large car company by building such crappy cars?
Carlos Taveres should be fired and put in jail. FCT
What does FCT mean?
Time to recreate American Motors! 🇺🇸🇺🇸🇺🇸
The other problem driving down Stellantis sales, besides the quality issues, is all the vehicles being so overpriced. 85K plus for Ram trucks and Jeeps, f*** out here with that nonsense.
American Motors Revisited! Featuring Chrysler, Dodge, Jeep, Ram!
Sales went down? I'm shocked! The dealers had the full range of Hornet models, and the new 3.0 hurricane is now imposed on all the Ram 1500;'s. What more could customers want? (sarcasm)
What a surprise. The only surprise to me is that it wasn't worse.
Shazam! That's HUGE!, Massive! Unprecedented!!! Buy the bottom Friday afternoon? :) Thanks TK!
We are in a recession rates are high along with inflation and price gouging across the board this is what you get everyone is down not just Stellantis people have pulled back on non essential car purchases because they can’t afford anything else
We are literally in the opposite of a recession which is why interest rates are high
Interest rates are low when the economy is dying and high when the economy is hot
inflation has hit most Americans hard. Inflation is normally 2-3 percent it’s currently around 3.4% but because it’s cumulative prices are still higher and will only continue to increase unless consumers decide to stop buying
I don't believe its only 21% 🙃. They are not selling ANYTHING and have been in that state for a while. Maybe propped up by fleet sales or something but real consumers are turned off.
The real number is 40%… they tweaked the numbers by moving vehicles around as loaner cars and shit like that. Trust me it’s really 40%. Every CDJR dealers that I know has hundreds of cars sitting on their lots that haven’t moved in two years. I monitor two of them that I buy from on a daily basis. And it’s bad….
That’s not true, I was wanting to buy a f8 green sxt with black stripes or a destroyer grey rt and they’ve all been selling out quickly in the past 3 months
Not to mention, a lot of dealers are “punching in” their old stock. They just pay them off, and register them, making them effectively used cars. This has to be apart of it as well..
TK'S Garage Friend Happy July 4th to you and your family 🇺🇸🇺🇸🇺🇸😃😃💪💪👍👍👍🔥🔥🔥
TK'S Garage Friend WOW this is Rough ,but we all are, looking at the work to save this company ,and make it American again !! 🇺🇸🇺🇸🇺🇸💪💪
Who would buy Chrysler, Dodge, Jeep, RAM with the existing technical/quality issues and not being able to use V8 Internal combustion engines in those vehicles ? I think C D J R as we know it will vanish and has no value/reward to potential buyers.
It’s pretty bad at the dealer level just have to be smart with decisions.
Waiting fot my PUTs to pay out
Tk i first started watching you when you uploaded the first video of the Mac Haik situation. That video was hilarious.
drive a 2018 wrangler and I had a friend ask what they should buy and they needed an SUV I wish I could have recommended a Jeep grand Cherokee but Jeep is not the same brand that it was back in 2018 before Stellantis happened so I told them definitely do not buy a grand Cherokee.
Just a side note Ford is offering its employees a lease on the Mach-Es for 250 a month
GMC needs to purchase it. Imagine a Camaro or a mustang with a 5.7.
Happy 4th tk thank you for your service salute 🫡
Coxain hail general quarters, abandoned ship this is not a drill
The average transaction prices are at a all time high...lower sales but more profit per unit, exp. selling $100,000 SUV,s = large profits. Selling over 1 million per yr in the USA is still great if you can make big profits per unit.
$50B cash isn’t much when you consider how many brands they are supporting and a new car/platform can cost $2B- $4B.
I remember the commercial
In addition, Stellantis treats the people like SHIT!!
I bought 5% of stellantis just for the 8% dividend
I'm afraid it will get much worse before better
Stellantis is a joke never buy the garbage they make
Yep....and yep 😂
Hope you are too!
Screw up enough they will make you CEO.
a new V8 could have been developed with the money and Engineering ,wasted on the demon 170 ....it is a BA sounding 3.0 Super charger
All the friggin complete trash that youtube thinks ill like on a daily basis and it’s NEVER suggested TK’s Garage 2 😤😤. Goin to sub, dunno how i missed hearing about it.
Supposedly reporting on 7/25 with a forecast of $2.37 EPS. Q2 of last year they only did $1.44 on a forecast of $2.84. I think they're gonna miss by at least a $1.
Play stupid games. Win stupid prizes.
Meh. I don't care. Damage is done and will take decades to recover, if at all. As one who buys and keeps cars for more than 10 years at a time I see no reason to invest in any product that this company makes as I have no idea if it will be supported in the lifetime that I own the vehicle.
Shame, really, I was looking forward to the Daytona EV as an around-town runabout. But there's no way I could ever trust it to get me from point A to point B when I need it to for 10 years and expect someone to be able to keep it running that long.
No amount of buying anything will save them, or your hostile stock takeover attempt because that gives Tavares and excuse to the board that you ran interference. Then he can say. "It's not my fault."
Nope, when a kid is learning how to walk, sometimes you have to make them learn their lessons the hard way.
Oh well.
That’s Crazy 😂😂🤣🤣🤣
Stellantis will simply do a slow or fast death march. Stellantis has about $50B in cash and isn't going broke. Production gets cut to meet the reduced demand. A 20% decrease in sales is not the end of the world. If you start seeing a 50% or more decrease in sales then you might send off some alarm bells at Stellantis HQ.
So, this is how he got the money for the airplane company. Layoff workers from CDRJ.
Tavares ignores what customers want. This man must be stupid pulling the plug of the hemi.
Jeep and ram are way overpriced. Everything else has qc issues ....
In the words of Khan, revenge is a dish that’s best serve cold is very cold in space
The day FCA lost Sergio……was the beginning of the end. He was the reason Chrysler rose from the ashes.
Poison air internal combustion engines (ICE) are yesterday's old fashioned outdated by EV technology. Just like when the horse and buggy were replaced by ICE.
Electric was around well before gas
Wrong. ICE rules and will continue to do so out of necessity. Maybe hydrogen or hybrids gain, but ICE stays for a long time.
Cash cow....Hemi??? Mediocre at best!!!
The 1.3 turbo, the 3.0 hurricane.... less than mediocre.
Carlos = George Soros.
This is what happens when you have bad management in a large company like Stellantis . Calors Taveres should be fired this company Stellantis is a sinking ship and if things don't change this company will die.
The death spiral of Stellantis NA continues. That -21% less sales isn't an accurate number, overall it is far worse with as you noted. Question is should anyone by any CDJR vehicle considering they may go the way of Studebaker.
Yeah it’s more like 40% without them fudging the numbers.
The answer is only if you’re stupid.
The only Independence Day we need is for Carlos to disappear
stillantis will be gone with the jeep and the rest will be bankrupt ,so its done period they will never recover unless they build exciting cars again ev is not the way ,stick with what gave you the money muscle cars period