Stellantis Shocks Market With MASSIVE Inventory Cut! Shareholders Being Warned!
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- เผยแพร่เมื่อ 19 พ.ย. 2024
- Stellantis has recently revealed that they intend to massively cut inventory in the hopes of increasing profits and long-term sustainability. They are warning shareholders that returns will be low and the company is expected to have as much as 11 billion in negative cash flow. The company is aiming to have inventory levels at or below 330,000 nationwide by the end of the year. Do you think this move will help Stellanis turn things around?
Here is the link to the Bloomberg Video with Carolos Tavares:
• Stellantis CEO Says ‘N...
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Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged..
They have screwed customers the last 3 years. Why would we come back?
100% correct been mopar fan all my life. they lost me now i own zero
They won't unless they give them a HUGE reason to.
Exactly. Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.
@@ASDasdSDsadASD-nc7lf Yeah man, you're on point.
Yeah CEO aren't over paid😅 sure , a chimpanzee could do a better job 😅
I call bullshit on this news! They're not going to discount anything, they're just going to offer them at the price they should have been offered to begin with. What a joke. Just walk accross the street to the competition and let Stellantis' inventory rot on the lot, like it rightfully should.
💯 correct. They will never go back to pre-covid business practices.
But they're ALL doing it. ALL. Steallantis is just the worst at it.
That is exactly what you do. Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.
Tavares is clueless . The interviewer was spot on when she said “…the consumers are rejecting the government push towards the EV models.” 8:02. He thinks that consumers are more concerned with the affordability of EV’s. No Dude, the majority of American consumers don’t want EV’s, period.
EVs make up 9% of new car sales in the US. They sell... they are just expensive and affordability is a huge issue (much like how frigging expensive new trucks are). i.e "August 2024 The average ATP for an EV was $56,575, while the average ATP for a gas-powered vehicle was $47,870"
@@voxel999I see your points but 9% of new car sales still translates to "The majority of American consumers don't want EV's, period." If they're made more affordable then sales might increase to 10% of new car sales. 😂
The ev market doesn't hold up to its claims, via range towing capacity, not to mention all the recalls
@@briandonald It's not that the majority of American consumers don't want EVs, it's that they suffer from 'range anxiety' - "Will this vehicle strand me?" "Can I get it charged it a nominal amount of time?" EVs have some more tech hurdles to overcome, but once you have a good nationwide charging infrastructure in place, and the costs of EVs drops a bit (there have been price cuts on many EVs), more people will turn to having at least one EV in their garage next to an ICE vehicle. The reality is that the average range of certain EVs is pretty much what most people drive on the daily, or less. The only problem is with those who are apartment dwellers or live in townhome developments--it would be near impossible for them to get an adequate charging setup, unless their homes had outside electrical plugs, but then who wants to navigate a whole bunch of electric cords across a sidewalk. I think incentive vs mandate, would be the way to go here.
Recalls for ICE Vehicles are just a bad, with the Big 4 including Toyota which is a surprise.
When the CEO realizes that a JEEP is not a LEXUS/BMW.. maybe things might turn around for him.
It might be a Nissan though
80k plus for certain Jeep models is absolutely insane. No wonder they are sitting on the lots
The CEO needs to be shown the door
Lexus isn't BMW either, it's a rebadged Toyota. And BMWs suck anyways.
@@scurjaldan5349 Naw, I went and test drove a BMW. TBH, I thought it was a nicer, and more solid vehicle than my Mercedes E400 at the time. I also had the first Lexus LS400 sold in my town. It was an awesome car, but a bit ugly back in the day.Rode like a dream and was fast fast fast
I would NEVER buy a $100k+++ Dodge vehicle.......NEVER
Right. You are getting 50k worth of value and they want 100k plus
Can we stop calling them a US company. At this point stelantis is no more American than VW or Kia.
Racer be like "Hold my beer"😂
I would never buy a $50+ Dodge just to pay $30+ in repairs in the following year.
As soon as you drive it off the lot it dropped by $25,000. No thanks.
What do they expect when most of their vehicles cost the same or more than what the average American makes in a year. Also the quality of vehicles has gone down significantly.
The only thing that will help them is to stop building vehicles consumers DO NOT WANT!
The arrogance of these CEOs....
They build vehicles folks want - Grand Cherokee and Wranglers... but they price them $15K more than people are willing to pay.
@voxel999 Mopar people don't want electric...
People are willing to pay well into the 6 figures for a damn corvette because it's what they want....v8 supercharged... that's what I'm referring to if you actually thought for a moment
Give us what we want and people will still pay for it
@@voxel999you are correct about pricing. I have owned (purchased not leased) a Jeep Liberty, Jeep Wrangler Unlimited, Jeep Grand Cherokee High Altitude and currently own a Dodge Charger Scat Pack and a Dodge Durango RT. The most I have ever paid for a Stellantis or predecessor product is about $60 grand for the Durango. I’m sorry but I’m not paying more than that for any of these vehicles. Every one of them has had recalls and issues with engines, A/C and radiators. These vehicles are not as reliable as they should be. It was one thing to overlook issues when the cost was around $40 grand or less. Not at these idiotic prices. As for an EV , not going there for another 10 years or so.
Fleet Managers are the ones whom order the vehicles, When I used to sell DCJ products I would order 10 base models, 10 mid grade and 5 top of the line and I would sell off everyone of them.... We never sold over MSRP unless it was do to the peoples credit and unfortunately their interest rates were abysmal, I had a couple years ago who wanted a 92 Grand Caravan SE their credit wasn't so great I worked out a deal too good to be true for them, got them financed and they were customers for life, well in 2009 they both passed away days apart from one another married 65 years. I do agree with you though the prices have gotten way out of hand and that just isn't DCJR Products that is everybody !!! Now with this Dock Worker Strike and they are wanting 70% higher wages over 6 years that is going to drive up prices for parts mark my word.... Shit needs to cease.
Yea, can't wait for 4 banger Cherokee L, woo
Saw this coming two years ago when they announced last call, limited allocations, and allowed dealers to markup prices beyond MSRP. Now they finally see the light? They should fire that CEO!
When a CEO says they are stepping down, they are being fired. The terminology is less harsh which is better for business. It will also make his golden parachute easier for shareholders to accept.
@simpleman72685 Just listened to this a second time and I didn't hear him say he was stepping down?
@@artillerybuff2000i think whatever contract he had is up next year and they've said he isn't getting another one. From what I recall in other videos anyway.
Way too late for that. Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.
Take the hit, Stellantis: 45% off MSRP for Chrysler/Dodge - 2023-2024 MY, all vehicles; 50% off MSRP for Jeep/RAM - 2023-2024 MY. From now till the end of the year. Requirements - you need to be able to cover tax, tags, title costs as money down. Just my thoughts.
You are on point
Yep. My dealer has 5% rebate stickers on all the 2024 inventory. Gave me a good chuckle. They're gonna need to put a 4 or 5 in front of that 5% if they want to sell anything.
The problem is not the sticker price; it's the dealer markups. How do they expect to sell a $30,000 vehicle if the dealership is going to add $20,000 on to it, and they're legally allowed to do so?
No, it's the MSRP.
What are YOU TALKING ABOUT….. ? There ARE NO $ 30 ,000 dollar NEW VEHICLES on STALLANTIS lots …closest think they have to that is an entry level hornet ~ and THATS the WORST SELLING VEHICLE in there lineup 😒
Markups are long gone. Like since late 2022. In fact, if you aren't getting $15K off a Stellantis product today... you got a terrible deal.
It’s both. These cars aren’t worth the price they are asking for. Almost 100k for hellcat/redeye is crazy, you might as well buy a bmw or something luxury for that price
@@demonNthesn0w There's no markups now.
Sell at 25 percent reduction, and 0 percent financing!
Then they actually might be competitive. My 23 Grand Cherokee at $57K is feature wise the same as a $42K Telluride or Palisades. And folks still might pick the Telluride/Palisade instead.
25% 😂😂 more like 40%-50%
@@Cksuckmyballs122 thats what i was thinking
50% and 0% for 84 months with 600 credit scores qualifying. Other than that , these lot rot cars are DOA IMHO
@@voxel999 I'd pick the Hyundai/Kia all day every day. The warranty alone and then there's the fact that they're selling inventory at dealer invoice right now. That's why you see more Kia and Hyundai on the road than almost anything these days.That's just my opinion. I owned one Chrysler and a Dodge Charger back when Chargers were hot in the 70's. Never again for me.
At this point Dodge would literally have to pay its customers to drive any of their new vehicles.
I'll believe it when the dealers I've been negotiating with changes their tune. Incentives and minor discounts don't bring it back down to NORMAL CDJR prices.
Stellantis needs to take the model price from five years ago, and calculate what the current price would be with inflation. Then reset the MSRP’s on the current inventory to that adjusted price. This at least would have people considering buying a vehicle.
After that, maybe offer a more robust warranty due to quality issues, and offer low % financing.
As far as Hornets go? Maybe they can pawn them off to car rental companies for a discount? 🤷🏻
But there's that dealer markup
...way...Way...WAY too late for that. Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.
It doesn't matter how much they lower the prices, they are still overpriced with such POOR QUALITY. Endless money pits on depreciating liabilities!!!
Awe no more suckers left? Thats so sad.😢
Yup 👍
Ha! So true.
We have to fight for 20k off stickers. Fight for lower interest rates. Fight for warranty repairs. Recalls. Pay 350 bucks for lug nuts. 700 for nitro tires. The 25 ram only replaced the engine. For 30k more. No takers.
Wait who’s actually getting nitro in tires? Lol!
Why "fight" for anything when sellers exist to SERVE the customer? Nobody needs a new toy and that is all any new vehicle is.
They can't cut inventory if nobody buys.
They jacked the prices up since 2008. Only cost on vehicles were valve problems.v6 V8. 2006 300 costed me 18,000. Baseline. Before taxes. With the employee discount special.
Carlos Tavares MUST resign. He's driving this company into the ground. I USED to be a Jeep/Dodge owner and believe me, there is no reason right now for me to buy any of these cars. MSRPs are through the roof.
My sisters new Jeep Rubicon has been in the shop for the last 6 weeks and the engine issue still isn't fixed. She has found the customer support is worthless.
3:36 what the ceo means that the government didn't mandate we pay for their marked up dumpster fires
The can discount prices and drop finance rates to zero percent across the board, affordability was just one of there problems, reliability is an even bigger problem. With the amount of problems throughout DCJR entire line up and so much of it broadcast publicly, the vehicles sitting for over a year, banks hesitation to finance alot of their vehicles, it's become a disaster and it all falls on Carlos.
MAKE THE. CUSTOMER HAPPY AGAIN 🇺🇸🇺🇸🇺🇸
Also
Make Automobile Great Again !
Morons
Are
Giant
A..holes
Thanks so much @RacerX. You stay on top of the latest news and updates from our car brands. 👍🏾👍🏾
They also need to bring the factories back to the USA to help us on these import taxes.
🏆Racer X🍀you're the man 👀✌️
Thanks Harold
@@RacerX9 I can't believe they have lots of hornets on the lot! That was one of the most anticipated and celebrated releases of a new vehicle I've seen in decades! Absolutely amazing vehicle at a very reasonable price! I'm just blown away by the performance and quality for pennies on the dollar! Amazing vehicle I can't believe they even have any in stock! Racer x you're the Man!
How could you trust Carlos Tavare's he does not even take care of his Teeth 😅
He’s French. That whole area is like this 😂
@@Megatron797 That breath must be horrendous
His teeth are quite good by European standards.
@@BillLaBrie LOL, sad but true, at least in some parts of Europe.
@@TheRange7 Call him old rotten teeth. Gross......
Hurry, Hurry, come buy a Wrangler 4XE so you can park in outside during the winter and make s'mores (batteries will catch fire).
I'm seeing loaded 2024 Ram 1500 warlocks for 35% off msrp. $34,000.
Please show me where
@@williamrose7184 Minneapolis
@@williamrose7184 it probably has over 100k miles 😂
Gladiators are 25% here in FL. Nobody wants them.
@@Wade... New, 0 miles. No mark ups.
Tavares' is right on the money regarding the gap between what the consumer wants, and what the government wants the consumer to want. And that, my friend, is why the auto industry is hurting. The industry needs to "grow a pair" and tell the government to f--k off.
The only thing that will turn stellantis around is to bring back the Hemi engines
You mean fire Carlos Tavarez ??
The second coming of Christ is more likely to occur than the return of the HEMI V8 engine in ANY car from a Stellantis brand. (dead horse)
I really would have to disagree. It doesn’t have to be a Hemi branded V8. A V8 of some sort would be welcome, but….the main drivers are price and quality. Price is too high for the quality product you’re receiving across the board.
Couple that with a STUPID business plan, and a really awful economy with major inflation issues, it’s clear that Stellantis has no idea what it’s doing.
I say bring it on. Best thing that could happen is this massive failure of Stellantis in North America. The more pain and suffering, the more likely they are to sell off the brands, or just break up the monopoly. I’m all for it.
Unfortunately , we have to cancelling the past 4 years anti automobiles regulations before...
Make
Automobile
Great
Again !
Nope…just nope
We have a ton of discharged and dead batteries and stellanis just shrugs their shoulders and doesn't want to pay for them
Why did you not charge and exercise the batteries and tires so that did not happen, be a professional!
@@st5637when there’s 100s of vehicles on the lot. Customers coming in and out constantly all day you really think a few people in each department have time to do that? Lol
Lowering the price of 22-24 on lot vehicles with incentives is great. One must remember that these vehicles were built with cost cutting in mind. Great out the door prices but one must watch out for the subpar parts used in manufacturing them. One must negotiate an extended warranty or they will regret the “cheap” out the door price.
Have they lost a year of warranty before its even sold
I believe the 3yr warranty starts once the vehicle is sold. I think 🤔 don’t quote me though.
Warranty starts when vehicle is sold....
They raised prices by 60% over the last half decade or so. What the heck did they expect. They killed the Jeep Wrangler. Their products are now unaffordable.
Fantastic video, Bud! Between the stuff going on with Stellantis, and soon to be election, these next few months are going to be interesting! 2025 is almost upon us, and it's anybody's guess as to how the new year will unfold!
We can probably guess, and get more right than Tavares has.
CDJR has raised MSRPs so much in the last two or three years that it will take discounts of substantially more than the 15-20 % off manufacturers have traditionally offered in the past to move that inventory.
You get what you pay for! I won’t be buying a vehicle from a company that has run its business so poorly!!
That is correct. Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.
Im a maintenance tech at THE plant that makes the hardtops and freedom panels on every Wrangler and Gladiator produced. Our plant is almost shut down right now. Nobody knows for sure (that i know), but looks very VVERY slow until at least first of the year.
those pesky consumers not supporting the marketing shoved down their throats
Marketing is always being shoved
Yep. Companies always cut inventory when they mismanage their business, are bleeding cash and are just about to go out of business, or worse, declare bankruptcy...and you can FORGET about any kind of warranties, they will never, ever, ever be honored. This is why they are warning shareholders. Obviously mismanaged.
It's the beginning of the end.
Carlos has taken this great company to the ground………GET HIM OUT……….YOUR FIRED
Bruh they gonna have to Give me a fully loaded 392 6 speed 0 down no payment for 3 months to even considering their product, rather go to a nissan/ hyundai dealer defore I set foot in their dealers🤡🤡🤡
Bro, don't go to Nissan!
@@rinconchuck Yall really rather put your butts in bottom end itallian garbage rather then any japanese car dont ya😂😂 Jk I owned nissan they are ok
"If at first you don't succeed, lower your expectations!"
With these prices I'm probably going to go 200-400k miles on both the 2012 Ram and 2017 Dodge Journey. I'm at around 110k miles both until I can pay cash for both replacements.
Chrysler quality is so poor, I wouldn't take one if it was free.
It's a minivan. Seriously all they have left. Tavares & bad supply chain parts have killed Chrysler. Govt & EPA killed Dodge
Gonna have to cut costs by 1/2 just to get someone in the door.
What I am about to say, may hurt some feelings and that is not my intent, but Dodge/Jeep/Chrysler products are such low quality pieces of crap, they couldn't discount them enough for me to consider buying, except for maybe flipping purposes... Literally everyone I know that has purchased one of those manufacturer's products, has had it in the shop, or had to perform extensive repairs. The only good thing about any of them, has been largely discontinued (the Hemi V8). I don't want to make anyone feel like their shiny new challenger or charger is a POS, but man, that is my exact experience. Stellantis should be taking an "L" HARD on this one.
sounds like someones trying to liquidate there inventory I dont think dodge will exist for much longer.
we all know how unreliable dodge/chrysler is even if everyone transitioned to electric vehicles why in the hell would anyone want one from dodge.
if your going EV the only smart option is a tesla they have a decent track record and have the most chargers.
Waiting for those ram trx prices to come down 😊
im waiting to get an rt, dealership wants 36-40k for a used one.. lol gtfooooo ill wait a lil bit longer, i bet they drop like crazy! At least I hope
Not saving anything geico and co wants lot to insure those type cars not worth it cheaper to buy a corvette or Camaro even
@@osvalditochirino3428 I already have a hellcat I want a more practical vehicle I can drive in the rain and snow that has a bed and some power .
Excellent presentation.
You do a great job sir.
“MAKE THE CUSTOMER HAPPY” he said😂😂😂
Now tell the dealers this because I guarantee you, if I go into the dealership next week, they'll be up to their same old tricks overpricing vehicles. I feel like news like this is like an okie doke to lure customers into the stealership, but the prices wouldn't have actually changed. I think news like this is mostly physiological more than anything.
just one little thing
whenever a TH-camr begins his video, begging for clicks and subscribers, I don’t know anybody that gives them a thumbs up, or subscribes to that begging. it’s like asking someone for a thumbs up, positive review of a test car they haven’t driven yet, or asking someone for a thumbs up, and a positive review of a movie they have not seen yet..
It’s just a bad look…
I have had both a Ford F150 4x4 and currently have a 22 GMC Canyon ATV which pretty well has all the options a Jeep Rubicon has . The Jeep is $20,000 Canadian more than a comparable model from another company. I would love to have a Jeep Rubicon but can’t justify spending that much difference for the same vehicle from another manufacturer. I have had 2 Jeep CJ’s and a Jeep Liberty all were priced comparable to other trucks , NOT NOW .
RacerX Can you please remind everyone that the massive unsold CDJR inventory on dealers lots is primarily the dealers' problem. The dealers bought those over priced unsold vehicles from Stellantis using borrowed money (floor plan). Stellantis can help the dealers to move the unsold vehicles by 1) rebates 2) reducing the MSRP's The dealers can help themselves by 1) dropping the sales prices 2) eliminate the dealer markups and over priced add ons. Otherwise, the vehicles will continue to sit on the dealers lots and may end up being repossessed by the floor plan lenders because the dealers default on their floor plan loans.
They gonna eventually tell the CEO to step down he is so clueless of us Americans
I spoke to our local Jeep dealer yesterday. Looking for a Wrangler Rubicon. The salesperson threw out that they now have a $15k incentive on the 3 2024's he had in stock that fit what I was looking for. Originally $65k, now "on sale" at $50k. I told him that purchasing a $50k Jeep is insane and that I'd wait for more discounts. They really need to figure out what their product is really worth, not what the top of the market will buy. That pricing strategy makes sense for limited production vehicles, not mass production.
I will believe it when I see it.
Frank Rhodes, the great-grandson of Chryslers' founder Walter Chrysler sent a what I'd call a get out of jail free card offer to Stellantis to buy out Dodge, Chrysler, and Mopar as a whole. Stellantis said no, none of their brands are for sale. Stellantis legitimately wants to run Dodge into the ground now after disintegrating Chrysler. Frank said in his letter to Stellantis that he wants to bring back the brands' American heritage, reinvigorate design, and make them more affordable. Stellantis doesn't and never cared about us or their brands, and now they show their hand by killing off the Challenger model, axing every ICE powered charger to immediately be replaced with EVs and eventually one inline 6 model, and all while keeping the Durango alive one more year only to drag it through the mud of corporate greed, make it's Last Call AlcHEMI trim $100,000 with little to no customization, and then kill it to also make it come back as an EV. Oh, and who could forget about the Hornet? Just kidding, you definitely did.
YOU MAKE OVER $40MILL A YEAR & YOUR TEETH LOOKS LIKE SNUFF SPIT?🤔 WHY CARLOS? 🤔
Yeah, I wondered about that myself...
Funny. Politics , people are consumers. Customers. Cost to consumer can sink or raise a business.
When a Big Horn 2500 is 80k+, sales are going to suffer.
Great information 👍
Price them lower....
Prices need to going down as 2020. People's craziest mode was finished.
I’m looking right now for 24 well optioned Durango R/T. Best I could find for Sticker MSRP of $67, $68K is about $54, $55K w about 1k dealer manager miles on vehicle. So, do u think w this news I should wait and see how things shake out for better discounts, end of October or?
I wanted a 2023 Challenger Scat Pack, was going to order my only new car and every dealer was horrible, when it came to close a deal the price was different.
I’m not seeing any deep discounts so I think the heaviest discount I saw was 6K on grand Cherokee and Wagoneers however, those things are marked up more than above sticker at every dealer I check.
I've seen 2023 vehicles still on the lot. Some were ordered in 2022. Almost coming up on 3 years sitting on the lots. Its ridiculous. They need to do some DEEP discounts. Like 20 to 40k off on these 80k + vehicles that are just sitting
The average consumer in America doesn't want to buy a $80K half-ton pickup truck? Whaaaaaaaaat? That's shocking!
60k plus 50k plus for scat packs/RT’s 45k, He’ll Cats 80-90k. Now they want to cut prices on lot rot vehicles 😭😭.
Im waiting for big price cuts on Hellcats that have been sitting since last year. However, more than a few dealers have priced the things as if they were made of gold
Im in the market for a new gladiator. You would be surprised by how many dealerships are still selling them at full msrp despite jeep offering 10% discounts on them. Boggles the mind really. I know of several 2023 models still sitting on lots for nearly 2 full years that are still full price.
Will Stellantis do all of these things? I don't trust them. They may say one thing, then they'll do the exact opposite. They can say "We'll lower the prices on these vehicles for the consumers to buy. And we'll raise the incentives." But will Stellantis actually do that?
you mean reduce them by putting them back to there original prices? because even at that price now its not worth buying imo
Went to a CDJR DEALERSHIP YESTERDAY FOR SERVICE. THEY ARE STILL MARKING THE CARS UP!! I GUESS THEY WANT TO KEEP THOSE VEHICLES ON THE LOT!!
If dealers still want to screw people, what good will it do?
I know the cars are new but they have been at the lots for year and more. The can be good for an engine with no lubricants and moisture trapped inside.
In next two quarters there will be drama, there is no way out for them.
The only way to get out of this hole is to make it right for the customer and dealers, which means give up a lot of revenue. Stellantis won’t do that, it is not in their company culture.
Problem so easy to solve. Cut MSRP by 38%, give 10 year warranty on the junk they are building and offer no more than 2.9 financing for qualified buyers
There’s literally no reason to buy a stellantis product when their competitors have better reliability, design, and innovation.
Greedy ass dodge. Whatever they call themselves these days. Junk over priced stale cars.
Bottom line... If you're middle class you can't afford a 65k dollar charger. You can't afford a 35k dollar 4 cylinder dodge. And you aren't getting anywhere near an 85k dollar RAM. Let the greed bleed these companies dead.
Why would i want to buy these pieces of garbage
I imagine they won't be selling too many $60,000 electric Chargers. Who can afford that? Ridiculous!!.
I will believe the discounts when I see them on the vehicles. Until then what they are saying is total BS. I'd buy one if the price is right, which may or may not happen.
Just traded my 2018 Tradesman Ram 5.7 for a 2025 3.0 SST. Bighorn MSRP went from 63K 248k
Let's be honest..Carlos is a fall guy so let's not just put this on him alone. Tim Kuniskis should be under charges, lying to stockholders...FYI their sales were never that high, that's why board members are suing for Tim working with dealers to overstate units sold. This is why they are where they are.
They could shift that backlog of stock in months if they offered them on 3 year leases at 1%/month of MRSP. That would boost new registrations, bring the vehicles on the road and provide the dealers with attractive used stock 3 years down the line. A 1% lease makes the vehicles more attractive than used cars and bring loads of new customers to the dealerships. They can do it in Europe so why not in the US?
#1, not even at 50% off MSRP would I buy the junk they're sitting on for 300 plus days. #2, interest rates are not coming down, 1 cut does not start a trend. #3, they'll need 0% financing for 84 months with 600 credit scores qualifying, lastly...incentives literally have to be in the tens of thousands of dollars on these grossly over priced lot rot units. So 50% off MSRP, 84 months at 0%, and only then will they have a slight chance of moving some of these lot rot units. Smart shoppers are too wise to buy lot rot unless they the big S doubles the warranty on every one of the, That's my honest opinion.
When he claimed they have 10% profitability on their cars the reporters need to call him on this outright lie. They are bleeding cash for years after huge investments into factories and EV research, anyone who can read their financials can see they are not making money at all.
I've owned 2 Jeeps in the past and I loved them but, Stinklantis could not give me a Jeep today because I wouldn't be caught driving a Greed Mobile.
If this means RAM trucks will suddenly become affordable for a time, *I'm all for it!* The only question is if that will also affect second hand value of earlier model years too. I hope so, because I want a RAM and I want it as cheap as possible 😂
That's not the CEO of Stellantis, that is in FACT MAX ZORIN of Zorin Industries.
that brand new 2 year old car/truck becomes a used 2 year old car/truck the second you drive it off the lot. the incentives better be huge because the depreciation will be.
This is likely where the auto makers are gonna regain probability. Parts and service.
The disconnect from stellantis is huge. Very little options as far as choices, and whatever choices we have are just overpriced by $5-10k MSRP. But I know this was their plan all together. They don’t want to build here in America when they acquired fiat. They want everything built overseas in Italy.
My opinion for stellantis end goal:
Still force EV with little to no other options..
Lower inventory (to make it harder to find what you want…hence force dealer markups again)..
Higher MSRP ..
Force people to pick from limited brands (like dodge and ram have only one model)..
Force unions to cave and all products are built either overseas or in Mexico)..
I think it's simpler than that... to appease shareholders they went with "higher margins, lower volume = bigger profits."
The problem is... their high prices basically CRUSHED sales as competitors have tons of new car supply that is of good value and honestly I can't think of a single Stellantis product at MSRP that is good value.
As usual, dealerships want to move inventory at the end of the month and the end of the year. So i imagine prices of Stellantis vehicles will drop around New Year's. Will still be overpriced unfortunately
I just bought a '25 Ram 1500 Limited for 19k off MSRP (81k).
near me in the 48133 Erie, Mi. we no stock now, what in the hell are they talking about