Stellantis has recently disclosed its sales figures for the third quarter, which paint a rather bleak picture. The company's overall shipments experienced a significant 20% decline, totaling 305,294 vehicles, compared to the same period last year. Notably, all brands within the Stellantis portfolio saw a downturn in sales, with the exception of Fiat. The Italian brand surprisingly registered a 118% increase, although this was based on a modest sales volume of just 316 cars.

Jeep, a brand traditionally known for its robust performance, is also facing challenges. Deliveries for Q3 2024 dropped by 6% to 144,963 units. Cumulatively, from January to September, Jeep's sales have decreased by 8%, amounting to 449,149 vehicles. Similarly, Ram's sales were down by 19% in the third quarter, with 108,925 units sold. Year-to-date, the brand has seen a 24% reduction, with 309,718 trucks and vans delivered.

Chrysler, now represented by only the Pacifica minivan following the discontinuation of the 300C, saw a 47% drop in Q3 deliveries to 22,482 vehicles. For the first nine months, sales have fallen by 21%, totaling 97,054 units. Dodge, despite managing to sell a Dart, saw a 43% decline in demand, with 26,559 vehicles sold in Q3 2024. Year-to-date, the brand is down by 24%, with 119,294 vehicles delivered.

Alfa Romeo is also struggling, with overall sales dropping by 29% in Q3 to just 2,049 vehicles, despite the recent addition of the Tonale to its lineup. From January to September, the brand's sales volume decreased by 10%, amounting to 6,826 cars.

Cumulatively, Stellantis' sales in the United States have declined by 17% through the first nine months of the year, falling below the one-million mark. Deliveries stood at 982,827 units through September. The situation has been described as a 'disaster' by the US Stellantis National Dealer Council in an open letter to CEO Carlos Tavares, who is blamed for the 'rapid degradation' of Jeep, Chrysler, Ram, and Dodge. The letter highlights issues such as a nearly halved market share, tumbling stock prices, plant closures, widespread layoffs, and key executive departures.

Stellantis has acknowledged an excess of unsold vehicles in the US and aims to reduce this number to 330,000 by year-end. CEO Carlos Tavares has also addressed quality concerns, noting an excessive number of Ram trucks requiring repairs immediately after leaving the assembly line. Meanwhile, Stellantis chairman John Elkann has confirmed that a search is underway for a potential successor to Tavares, although Bloomberg reports suggest the current CEO may remain until his contract expires in January 2026, with the possibility of an extension.