The Largest Plug-In Hybrid Maker In The U.S. Had A Tough Q2

Stellantis reported a considerable 21% year-over-year decline in automobile gross sales within the U.S. in the course of the second quarter of 2024, to 344,993. It was the group’s fourth consecutive damaging quarter, however troubles didn’t finish there.

In accordance with Stellantis, in Q2 2024, its plug-in hybrid automobile gross sales within the U.S. decreased. And that is a shock as a result of the corporate has accustomed us to a quick progress of PHEV gross sales, typically by greater than 100% year-over-year.

Final quarter, Stellantis offered 32,312 plug-in hybrids within the U.S., almost 12% lower than a yr in the past. It was the slowest PHEV quarter since Q1 2023. There was no signal that such a slowdown is coming, after the Q1 document of 45,781 and an 82% year-over-year progress price.

Nonetheless, the PHEV share within the firm’s complete quantity remained comparatively excessive at 9.4% (in comparison with 8.4% in Q2 2023).

Stellantis is up to now forward within the PHEV phase that nobody can match it even in a slower quarter. Toyota offered 12,659 PHEVs in Q2.

Concerning manufacturers, many of the quantity comes from Jeep, which appears to be an ideal software for the plug-in hybrid powertrain.

Stellantis’s Fiat model launched the brand new, all-electric Fiat 500e mannequin within the U.S. in Q2, though we aren’t fully positive about its gross sales quantity. The Fiat 500 famous 163 items in Q2 and 204 within the first half of the yr, nevertheless it theoretically may embody some non-electric variations.

Plug-in automobile gross sales in Q2’2024:

• Alfa Romeo PHEVs: 887 (up 658%) and 35.6% share
• Chrysler PHEVs: 7,858 (down 10%) and 19.8% share
• Dodge PHEVs: 1,983 (new) and 4% share
• Fiat EVs: N/A
• Jeep PHEVs: 21,584 (down 22%) and 14.7% share
• Stellantis PHEVs: estimated 32,312 (down 12%) and 9.4% share

To this point this yr, Stellantis has offered greater than 78,000 plug-in hybrids within the U.S., virtually thrice greater than Toyota. Nevertheless, because of the weak Q2, the expansion price weakened to 27%.

Plug-in automobile gross sales in Q1-Q2’2024:

• Alfa Romeo PHEVs: 1,615 (up 1,280%) and 33.8% share
• Chrysler PHEVs: 15,178 (up 24%) and 20.4% share
• Dodge PHEVs: 7,966 (new) and eight.6% share
• Fiat EVs: N/A
• Jeep PHEVs: 53,334 (up 8%) and 17.5% share
• Stellantis PHEVs: 78,093 (up 27%) and 11.5% share

For reference, in 2023, Stellantis offered greater than 142,000 plug-in hybrid vehicles within the U.S. (124% greater than in 2022).

Mannequin gross sales

Stellantis at the moment affords 5 PHEV fashions, beneath 4 manufacturers: Alfa Romeo Tonale mannequin (PHEV-only), Dodge Hornet R/T (PHEV) (alongside the ICE model), Chrysler Pacifica Hybrid, Jeep Grand Cherokee 4xe, and Jeep Wrangler 4xe.

In accordance with the corporate, 4 fashions are among the many prime 5 best-selling PHEVs within the U.S.: the Jeep Wrangler 4xe (No. 1), the Jeep Grand Cherokee 4xe (No. 2), the Chrysler Pacifica Hybrid (No. 4), and the Dodge Hornet (No. 5).

Sadly, solely the brand new fashions—Alfa Romeo Tonale and Dodge Hornet R/T—introduced some progress. For the primary time in a few years, there’s additionally an all-electric automobile on the record, the Fiat 500e, with an unknown preliminary quantity (no larger than 163 in Q2).

Mannequin gross sales in Q2’2024:

• Alfa Romeo Tonale (PHEV): 887 (up 658%)
• Chrysler Pacifica Plug-In Hybrid: 7,858 (down 10%)
  (21% of Chrysler Pacifica complete gross sales)
• Dodge Hornet R/T (PHEV): 1,983 (new)
  (46% of Dodge Hornet complete gross sales)
• Fiat 500e: N/A
• Jeep Grand Cherokee 4xe: 6,460 (down 40%)
  (12% of Jeep Grand Cherokee complete gross sales)
• Jeep Wrangler 4xe: 15,124 (down 11%)
  (39% of Jeep Wrangler complete gross sales)

The outcomes for the primary half of the yr are nonetheless constructive.

Mannequin gross sales in Q1-Q2’2024:

• Alfa Romeo Tonale (PHEV): 1,615 (up 1280%)
• Chrysler Pacifica Plug-In Hybrid: 15,178 (up 24%)
  (21% of Chrysler Pacifica complete gross sales)
• Dodge Hornet R/T (PHEV): 7,966 (new)
  (68% of Dodge Hornet complete gross sales)
• Fiat 500e: N/A
• Jeep Grand Cherokee 4xe: 19,120 (up 6%)
  (18% of Jeep Grand Cherokee complete gross sales)
• Jeep Wrangler 4xe: 34,214 (up 9%)
  (44% of Jeep Wrangler complete gross sales)

EVs coming in 2024

Because the all-new, all-electric Fiat 500e entered the market, we are actually ready on a number of new fashions, together with Jeep Recon, Ram 1500 REV (with Ram Ramcharger model), Grand Wagoneer S and Dodge Charger Daytona.