FCA Reports Fourth-quarter and Full-year 2023 Sales Results

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Tags

01/03/2024 - 06:34 PM

AUBURN HILLS, Mich., Jan. 3, 2024 /PRNewswire/ --

FCA 2023 U.S. sales decreased 1% year over year; Q4 2023 sales decreased 1% over same quarter last year
Total PHEV U.S. sales increased 124% year over year and 118% versus same quarter last year
Chrysler brand 2023 U.S. sales increased 19% year over year
Dodge brand 2023 U.S. sales increased 5% year over year
Jeep® brand fourth-quarter U.S. sales increased 7% over the same period last year
Alfa Romeo brand fourth-quarter U.S. sales increased 9% over the same period last year; brand introduced its first electrified vehicle, the Tonale
Ram brand fourth-quarter U.S. sales increased 3% over the same period last year
FCA takes 1-2-3 spots among best-selling plug-in hybrids in the U.S.: Jeep brand leads the way with the Jeep Wrangler 4xe as America's best-selling plug-in hybrid vehicle and the Grand Cherokee 4xe is No. 2; the Chrysler Pacifica Hybrid claims No. 3 spot
Stellantis will launch eight fully battery-electric vehicles (BEV) in the U.S. by the end of 2024, including Jeep Recon, Ram 1500 REV, Wagoneer S, Dodge Charger Daytona and Fiat (500e)RED
All new, all-electric Fiat 500e, available for order now at FiatUSA.com, will arrive on this side of the Atlantic as the first BEV offering from Stellantis

FCA US LLC reports sales of 343,552 vehicles in the fourth quarter and 1,527,090 vehicles for the full 2023 calendar year. Overall, fourth-quarter U.S. sales declined 1% while full-year results decreased 1%. Total U.S. sales within the company's commercial fleet channel increased 20% versus 2022, notching its best year ever.

The company's total PHEV U.S. sales (Jeep® Wrangler 4xe, Jeep Grand Cherokee 4xe, Chrysler Pacifica Hybrid, Dodge Hornet R/T, Alfa Romeo Tonale) increased 124% year over year and 118% in the fourth quarter versus last year. FCA takes the 1-2-3 spots among best-selling plug-in hybrids in the U.S. The Jeep Wrangler 4xe is America's best-selling plug-in hybrid vehicle; the Grand Cherokee 4xe is No. 2 and the Chrysler Pacifica Hybrid claims the No. 3 spot. FCA US holds the highest PHEV market share in the industry, owning 47%. Stellantis is setting the course for 50% passenger-car and light-duty truck battery-electric vehicles (BEV) sales mix in the United States by the end of this decade.

"Our sales momentum continues to grow as we head into 2024," said U.S. Head of Sales Jeff Kommor. "Our electrified offerings, which included the launch of Dodge Hornet R/T and Alfa Romeo Tonale in 2023, will continue to expand with our first BEVs introduced to the North America market this year, including the Jeep Recon, Fiat 500e, Wagoneer S, Dodge Charger Daytona and the Ram 1500 REV. As we navigate the wide-ranging transformations occurring within the automotive industry, we are focused on achieving our Dare Forward strategic plan, and we will continue to work closely with our customers to meet their demands and the needs of our dealer network in pursuit of that goal."

Alfa Romeo saw fourth-quarter U.S. sales in 2023 increase 9% versus the same period last year.

The brand introduced its first electrified vehicle, Alfa Romeo Tonale, in the spring of 2023

The Chrysler brand saw overall 2023 U.S. sales increase 19% year over year.

Chrysler Pacifica 2023 total U.S. sales increased 22% year over year
Chrysler Pacifica Hybrid accounted for 23,943 (20%) of total Chrysler Pacifica sales of 120,554 in 2023 calendar year
Chrysler Pacifica Hybrid accounted for 2,848 (34%) of total Chrysler Pacifica sales of 8,356 in the fourth quarter of 2023
Chrysler Pacifica Hybrid is the No. 3 best-selling PHEV in the U.S.

The Dodge brand saw overall 2023 U.S. sales increase 5% year over year.

Dodge Durango 2023 U.S. sales grew 25% year over year
In spring 2023, Dodge launched the all-new 2024 Dodge Hornet G/T and Dodge Hornet R/T, the brand's first electrified vehicle. Total U.S. sales of the Hornet in 2023 were 9,314 units
Dodge Hornet R/T accounted for 3,591 (72%) of Dodge Hornet total U.S. sales in 2023
The brand will debut its first fully electric vehicle, Dodge Charger Daytona, in 2024

FIAT brand is electrifying North America with its sustainable mobility mission. An all-new, all-electric take on the FIAT brand's most storied and iconic model, the two-door fully electric 500e, will arrive on this side of the Atlantic as the first BEV offering from Stellantis. The brand debuted the 2024 FIAT (500e)RED as the first FIAT 500e product drop last month, and it is available for order now at FiatUSA.com. The lightest passenger BEV in the market, 500e boasts an estimated range of 149 miles (240 kilometers), enabled by a 42-KWh battery with a Level 2 (11-kW) charge time of four hours and 15 minutes.

Jeep brand saw fourth-quarter U.S. sales in 2023 increase 7% versus the same period last year. The Jeep Wrangler 4xe and the Jeep Grand Cherokee 4xe are the two top-selling plug-in hybrids in the country.

Jeep Wrangler 4xe, the first-ever electrified Jeep Wrangler, remains America's best-selling plug-in hybrid vehicle, with 67,429 (43%) of total Jeep Wrangler U.S. sales in 2023
Jeep Wrangler 4xe U.S. sales increased 56% year over year, and 76% during the fourth quarter versus the same period last year
Jeep Grand Cherokee 4xe accounted for 45,684 (19%) of Grand Cherokee total U.S. sales in 2023. The Grand Cherokee remains the No. 2 best-selling plug-in hybrid in the U.S.
Grand Cherokee 4xe U.S. sales increased 636% year over year, and 216% during the fourth quarter versus the same period last year
Total Grand Cherokee U.S. sales increased 10% year over year and was up 22% in the fourth quarter versus the same period last year
Jeep Compass U.S. sales increased 12% year over year and was up 28% in fourth quarter versus the same period last year
Jeep Renegade U.S. sales increased 177% during the fourth quarter versus the same period last year
The brand's fully electric Jeep Recon will debut in 2024

The Grand Wagoneer and Wagoneer continue to gain sales momentum.

Wagoneer fourth-quarter U.S. sales in 2023 increased 39% versus the same period last year
Grand Wagoneer fourth quarter U.S. sales in 2023 increased 9% versus the same period last year
The fully-electric Wagoneer S will debut this year alongside the Jeep Recon. The vehicles represent the brand's start to its electrification strategy to provide new levels of efficiency, environmental responsibility, performance and capability, on and off the road

Ram brand fourth-quarter U.S. sales in 2023 increased 3% over the same period last year.

Ram pick-up truck U.S. sales increased 7% in the fourth quarter versus the same quarter last year
Best year ever for Ram ProMaster van, 2023 U.S. sales increased 34% year over year
Best fourth quarter ever for Ram ProMaster van, U.S. sales up 13% versus the same period last year
Best year ever for Ram brand's U.S. sales within its commercial fleet channel; 2023 U.S. sales increased 17% year over year
Ram Truck brand unveiled its Ram 1500 REV , set to arrive in dealerships this year
All-new 2025 Ram 1500 Ramcharger unveiled with class-shattering unlimited battery-electric range
New 2025 Ram 1500 with more powerful, more fuel-efficient Hurricane engine family unveiled

FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The company also distributes Mopar and Alfa Romeo parts and accessories. FCA US LLC is a subsidiary of Stellantis N.V.

FCA US LLC Sales Summary Q4 2023

	Q4 Sales		Vol %	CYTD Sales		Vol %
Model	Curr Yr	Pr Yr	Change	Curr Yr	Pr Yr	Change
Compass	24,613	19,209	28 %	96,173	86,175	12 %
Patriot	1	0		1	4	-75 %
Wrangler	30,030	34,253	-12 %	156,581	181,409	-14 %
Gladiator	13,660	17,587	-22 %	55,188	77,855	-29 %
Cherokee	1,592	9,470	-83 %	24,609	40,322	-39 %
Grand Cherokee	61,723	50,800	22 %	244,594	223,345	10 %
Renegade	10,450	3,773	177 %	26,011	27,549	-6 %
Wagoneer	8,266	5,943	39 %	29,149	36,219	-20 %
Grand Wagoneer	2,483	2,282	9 %	10,618	11,736	-10 %
JEEP BRAND	152,818	143,317	7 %	642,924	684,614	-6 %
Ram P/U	112,486	105,255	7 %	444,926	468,344	-5 %
ProMaster Van	21,323	18,905	13 %	81,663	60,936	34 %
ProMaster City	554	5,713	-90 %	12,887	15,914	-19 %
RAM BRAND	134,363	129,873	3 %	539,476	545,194	-1 %
200	3	0		4	2	100 %
300	2,010	2,330	-14 %	13,169	14,087	-7 %
Town & Country	2	0		2	0
Pacifica	8,356	22,722	-63 %	120,554	98,624	22 %
CHRYSLER BRAND	10,371	25,052	-59 %	133,729	112,713	19 %
Dart	3	0		3	4
Viper	2	0		2	1
Hornet	4,964	0	New	9,314	0	New
Charger	12,273	17,414	-30 %	75,920	80,074	-5 %
Challenger	9,610	12,966	-26 %	44,960	55,060	-18 %
Journey	23	7	229 %	36	194	-81 %
Caravan	25	1	2400 %	27	27	0 %
Durango	15,614	15,890	-2 %	69,196	55,433	25 %
DODGE BRAND	42,514	46,278	-8 %	199,458	190,795	5 %
500	14	0		16	8	100 %
500L	4	0		7	8	-13 %
500X	132	118	12 %	554	875	-37 %
Spider	28	0		28	24	17 %
FIAT BRAND	178	118	51 %	605	915	-34 %
Giulia	767	1,430	-46 %	3,461	5,092	-32 %
Alfa 4C	0	0		1	1	0 %
Stelvio	1,308	1,601	-18 %	5,340	7,752	-31 %
Tonale	1,233	0	New	2,096	0	New
ALFA ROMEO	3,308	3,031	9 %	10,898	12,845	-15 %
FCA US LLC	343,552	347,669	-1 %	1,527,090	1,547,076	-1 %

For the methodology of determining FCA US LLC monthly sales click here. These statements are based on current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: volatility and deterioration of capital and financial markets, changes in commodity prices, changes in general economic conditions, economic growth and other changes in business conditions, weather, floods, earthquakes or other natural disasters, changes in government regulation, production difficulties, including capacity and supply constraints, and many other risks and uncertainties, most of which are outside of our control.

U.S. fleet business includes three channels, rental, governmental and commercial.

Stellantis North America
Stellantis (NYSE: STLA) is one of the world's leading automakers and a mobility provider. In North America, it's best known for producing and selling vehicles in a portfolio of iconic and award-winning brands such as Jeep®, Chrysler, Dodge, Ram, Alfa Romeo and Fiat. Powered by its diversity, Stellantis leads the way the region and the world move – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

Follow company news and video on:
Company blog: http://blog.stellantisnorthamerica.com
Media website: http://media.stellantisnorthamerica.com
Company website: www.stellantis.com
LinkedIn: https://www.linkedin.com/company/Stellantis
Facebook: https://www.facebook.com/StellantisNA
Instagram: https://www.instagram.com/stellantisna
Twitter: @StellantisNA
YouTube: http://youtube.com/StellantisNA