The automaker Stellantis said that second-quarter sales of new vehicles in the U.S. were up 6.4% from last year, and shares were up by 1.5% after this announcement.

 

The automaker Stellantis said that second-quarter sales of new vehicles in the U.S. were up 6.4% from last year, and shares were up by 1.5% after this announcement.  The increased demand for the Jeep Compass, Dodge Durango, and Chrysler Pacifica SUVs led to more significant sales. While the industry is anticipated to have raised sales by 16% to 18%, Stellantis' sales gain is expected to be one of the lowest in the second quarter. Stellantis announced second-quarter sales of 434,648 vehicles, up from the sales from last year's 408,521 vehicles. In the second quarter of 2023, the Dodge Durango, Chrysler Pacifica minivan, and Jeep Compass saw a triple, 40%, and 28% increase in sales, respectively, while other Stellantis vehicles' sales declined. In June, The industry's full-year new vehicle sales prediction from Cox Automotive was upped to 15 million, an 8% increase from 2022 (13.7 million).