Jeep Grand Cherokee Helped Drive Sales Increase For Stellantis -- Does This Look Like A Recession? July 4, 2023

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Does this look like a recession?

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Stellantis 

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Higher sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new vehicle sales up 6.4% from a year earlier. The uptick is another sign of demand for new vehicles rebounding, as inventories of cars and trucks improve from historically low levels during the coronavirus pandemic and supply chain problems. [Those in bold are high-end models.]

Stellantis’ sales increase is expected to be among the lowest of the second quarter, according to auto industry forecasters who project industry sales to have increased 16% to 18% during that time compared with a year earlier.