Stellantis sales drop

[Whaler27]

Speaking of Jeep quality: there is an shocking number of Jeep WL-L (2022+ Grand Cherokee L) sitting on competitors' lots around here. The Nissan dealer has five; the Toyota dealer has three; the Honda, VW and Honda dealers have 1 each.

That is a lot of WL-Ls that have been traded in for something else in this small market.

I don't know what the underlying cause is, but it is certainly quite strange for vehicles that are only 1 or 2 years old.

It may be just as you suspect in this instance, but I’ve seen this condition many times before with a variety of different makes and models. Sometimes it happens as a result of rental car inventory turns when Avis, Hertz, and Enterprise blow out a bunch of two year old vehicles at auction. Six or seven years ago I bought my mother in law a like-new, nicely equipped, Ford Taurus with 7,500 miles on it for $12,000. Tauruses were all over the place and cheap for about three months. (Her car has been wonderful and trouble free for 52,000 miles.)

In the midst of the COVID craziness, when some of the younger forum members thought they could perpetually buy new Jeeps and then sell them for a profit in 18 months, a bunch of us old-timers reminded them that COVID craziness would pass and the vehicle pricing cycle we’ve seen SO many times before would return: manufacturers raise their prices as much and as long as they can. They “make hay while the sun shines”. When the buying frenzy stops, dealer inventory accumulates, and the rebates and other cost-lowering incentives start to flow. Prices will continue to drop until inventory clears. I’ve seen this cycle repeat with every common brand over the last fifty years.

After shopping and waiting almost two years, I finally bought a new pickup truck for $5,000 below the factory Monroney sticker. That wasn’t a great deal, but it was the best I could do within 1,000 miles of home, and I couldn’t wait any longer. Dave Smith in Idaho, usually a great place to buy, was not willing to discount the truck I wanted at all, because their inventory was too thin. Last fall, the same truck was so scarce they were selling for $10 over Monroney. Now production is exceeding demand, so I expect we’ll see them selling for closer to $10k below Monroney by the fall of 2024 or early spring of 2025. I’ve never been able to predict the timing of this cycle, but I’ve watched it happen five or six times over the years. It is as certain as death and taxes, and contrary to the assertions of some of our younger forum members, jeeps are not immune from these market swings.

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[Oncorhynchus]

Yeah they would be big enough to afford it. I know they are bringing back Scout so i don't know how that would effect Jeep.

Mazda probably doesn’t have enough money to buy Jeep but they are a brand that clearly cares about sticking to a driver-centric formula in how they design and manufacture their vehicles.

 

[UKCATS]

Time to feast. I got mine a few weeks ago marked $11,000 off MSRP.

Feasted a little ourselves. Picked up a loaded 392 9 days ago, for $12k off MSRP.

 

[ceddy]

Wranglers are pilling up in Canada as well. Lots of incentives already, better financing and lots of cash on the hood. Still, prices have gone up so much that its still way more.

 

[Rubi392jp]

All manufacturers are hurting for sales. Bronco sales have dropped 25% while Wrangler sales have a slight increase.

If that’s true, why is the resale value much higher on broncos than it is on wranglers at the present time?

 

[Dlit]

If that’s true, why is the resale value much higher on broncos than it is on wranglers at the present time?

New model less available used inventory….supply and demand

 

[yokramer]

For a forum that is populated with so many burly manly mans around here there sure is a lot of pearl clutching.

 

[Jtphoto]

If that’s true, why is the resale value much higher on broncos than it is on wranglers at the present time?

You tell me??? Maybe they are average lower mileage, fewer to choose from? They stay on the used lot for a long time here before they finally sent to auction.
But we aren’t talking used we are talking new vehicle sales.

 

[alphawolff]

Mazda probably doesn’t have enough money to buy Jeep but they are a brand that clearly cares about sticking to a driver-centric formula in how they design and manufacture their vehicles.

I've got a 2023 miata as a weekend cruiser. You should see this thing, SO MUCH room for activities. The engine bay is a technicians' dream.

They could never afford Jeep, they're just too small. Would be incredibly interesting to see that dynamic, though.

 

[Rubi392jp]

You tell me??? Maybe they are average lower mileage, fewer to choose from? They stay on the used lot for a long time here before they finally sent to auction.
But we aren’t talking used we are talking new vehicle sales.

Wow. Sorry. Touchy subject for you, huh?! And, btw, the subject matter branched into the used market as well. Further, you can buy a brand new 392 for $80-$85k. You’d be hard pressed to find a used Raptor under 12k miles for that. You don’t even want to compare the everyday other wrangler models to this of the broncos. Not even close.

 

[BXFXJeep]

Wranglers are pilling up in Canada as well. Lots of incentives already, better financing and lots of cash on the hood. Still, prices have gone up so much that its still way more.

Same options, a 2024 sells for $17,000 CAD more than my 2021, even what I paid in 2021 was pushing it for me.

I'm seeing about $5,000 off now

 

[Jtphoto]

Wow. Sorry. Touchy subject for you, huh?! And, btw, the subject matter branched into the used market as well. Further, you can buy a brand new 392 for $80-$85k. You’d be hard pressed to find a used Raptor under 12k miles for that. You don’t even want to compare the everyday other wrangler models to this of the broncos. Not even close.

Not touchy at all. My comment was directed to the New vehicle market as mention by many Automotive outlets over the last 6 months.
The Used market is definitely a different situation which doesn’t affect Stellantis sales figures.

 

[Jank4AU]

I did the opposite. I let my lease 4xe go for surprisingly a base Ford Maverick. It had standard features and options that Jeep would make you jump trim levels for. Stellantis should also take note, LED headlights are standard even on this under $30k vehicle. Maybe once its paid off I will pickup a used 2 door JL or JK. But I can't see myself getting a new jeep vehicle anytime soon.

@sconrad24 A Ford Maverick? You don't find that to be too small? That truck is tiny.

 

[Jtphoto]

@sconrad24 A Ford Maverick? You don't find that to be too small? That truck is tiny.

Right!!! You get what you pay for. A Maverick is only a bargain if it suits your needs and if it does, you didn’t need a Jeep in the first place.

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