The Greatest 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 unfavourable quarter, however troubles didn’t finish there.

Based on 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, usually by greater than 100% year-over-year.

Final quarter, Stellantis bought 32,312 plug-in hybrids within the U.S., almost 12% lower than a 12 months 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 file of 45,781 and an 82% year-over-year progress fee.

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 thus far forward within the PHEV section that nobody can match it even in a slower quarter. Toyota bought 12,659 PHEVs in Q2.

Relating to manufacturers, a lot 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 models in Q2 and 204 within the first half of the 12 months, nevertheless it theoretically would possibly embrace 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 date this 12 months, Stellantis has bought greater than 78,000 plug-in hybrids within the U.S., virtually thrice greater than Toyota. Nonetheless, as a result of weak Q2, the expansion fee 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 bought greater than 142,000 plug-in hybrid vehicles within the U.S. (124% greater than in 2022).

Mannequin gross sales

Stellantis at present provides 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.

Based on the corporate, 4 fashions are among the many high 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 may be additionally an all-electric automobile on the checklist, 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 12 months 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.