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Tuesday, January 9, 2024

This Was Not On My Bingo Card Today -- Stellantis -- US -- January 9, 2024

Locator46502AUTOS.

Updates

January 19, 2024:

Original Post 

January 9, 2024: one-two punch -- 

  • sticker shock -- incredibly expensive;
  • confusion -- incredibly complicated; and,
  • then there's the range problem
  • 2024: will be the watershed year for BEVs; PHEVs will continue to grab bragging rights;

January 9, 2024: link here.

January 9, 2024: link here.



From the linked article:
Stellantis reports 343,552 vehicle sales in the United States during the fourth quarter of 2023 (down 1.2% year-over-year). 
Similarly, the full-year result of 1,527,090 is also 1.3% lower than in 2022
At the same time, the group noted significant progress on the electrification front, more than doubling its plug-in hybrid car sales to new record levels. 
According to Stellantis, in Q4 2023 its PHEV sales in the U.S. increased by 118% year-over-year, which we estimated at around *44,000 units. That's a new quarterly record and a noticeable 12.8% share out of the group's total volume. 
No one sells more PHEVs in the U.S. than Stellantis, which currently offers five models, under four brands: Alfa Romeo Tonale model (PHEV-only), Dodge Hornet R/T (PHEV) (alongside the ICE version), Chrysler Pacifica Hybrid, Jeep Grand Cherokee 4xe, and Jeep Wrangler 4xe. 
The two Jeeps and the Chrysler Pacifica Hybrid are the highest volume PHEVs on the market (top three plug-in hybrids). Meanwhile, the Alfa Romeo Tonale and Dodge Hornet R/T are quickly gaining share within their brands. In the case of Alfa Romeo, the PHEV share is already at 37%, although that's mostly because the brand's presence in the U.S. is very small. 
A very significant achievement is that almost one in four new Jeeps is rechargeable
Plug-in car sales in Q4'2023 (some numbers estimated): 
  • Alfa Romeo PHEVs: 1,233 (new) and 37.3% share 
  • Chrysler PHEVs: 2,848 (down 30%) and 27.5% share 
  • Dodge PHEVs: 3,591 (new) and 8.4% share 
  • Jeep PHEVs: 36,405 (up 125%) and 23.8% share 
  • Stellantis PHEVs: 44,077 (up 118%) and 12.8% share 
In 2023, Stellantis sold more than 142,000 plug-in hybrid cars in the U.S., which is 124% more than in 2022 and 9.4% of the group's total volume. 
Stellantis says that it holds the highest PHEV market share in the industry, owning 47%. It means that the total PHEV sales must be slightly above 300,000 and that all of the other carmakers sold about 161,000 PHEVs. Toyota (including Lexis) was able to sell 39,551 PHEVs, BMW brand sold 25,318 and Mitsubishi sold 6,681 to give you some perspective for manufacturers that shared PHEV sales data.

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Autos

Previously and recently:

Ford: annual sales increase lower than the overall industry's growth. Link here.

EVsFord loses EV bragging rights to GMlink here. Best summary to date.

For the full year, Ford shipped almost 2 million vehicles in the U.S., up about 7% compared with 2022. BEV sales came in at about 73,000 units, up 17%. Hybrid (fake EVs) sales amounted to almost 134,000 units in 2023, up 25% from 2022. 
Despite Ford’s sales growth, General Motors still edged its rival out for the title of second-largest EV maker in the U.S., behind Tesla. Ford had held the No. 2 spot in 2022. GM shipped 75,585 BEVs in 2023
Tesla U.S. numbers aren’t available yet, but its lead is immense. It probably sold roughly 600,000 BEVs in the U.S. in 2023.

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