Stellantis, the automotive giant, has made significant strides in addressing its inventory surplus, particularly in the United States. While the broader automotive industry faced a surge in inventory levels in September, several Stellantis brands bucked the trend, demonstrating a proactive approach to inventory management.
Jeep, Ram, and Dodge, in particular, saw noteworthy reductions in their inventory levels. This achievement is especially impressive considering the industry wide increase in stockpiles. By successfully trimming its excess inventory, Stellantis has positioned itself to better go through the evolving market dynamics and capitalize on emerging opportunities.
This strategic move not only enhances the company’s financial health but also strengthens its competitive position in the automotive market.
The automotive market in the US is witnessing a shift in inventory trends, with a notable increase across most OEMs and segments.
While Stellantis continues to grapple with inventory challenges, several other brands, including Audi, Cadillac, and Lincoln, have managed to reduce their stockpiles. Interestingly, electric vehicle inventories, which have been surging in recent months, saw a decline of 2.6% in September.
A key driver of the inventory rise is the introduction of 2025 model-year vehicles. With a 45.6% increase in new 2025MY models compared to August, dealership lots are filling up. Consequently, inventories of older models, such as 2024 and 2023, have decreased by 10.1% and 19%, respectively.
Amidst these inventory fluctuations, the average MSRP of new vehicles has climbed 3.3% since March, reaching $52,066 at the end of September. Simultaneously, the average dealer list price has increased by 2% to $48,460. To attract buyers, dealerships are offering significant discounts, with the average listed discount rising 21.2% to $3,606.
