Stellantis profit, but growing unsold inventory
#3163555
07/27/23 05:38 AM
07/27/23 05:38 AM
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Joined: Jan 2006
Posts: 8,162
USA
360view
OP
Moparts resident spammer
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OP
Moparts resident spammer
Joined: Jan 2006
Posts: 8,162
USA
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https://www.arcamax.com/business/businessnews/s-2856122sample quote Stellantis NV reported a record $12.1 billion (10.9 billion euro) net profit, up 37% year-over-year for the first six months, on a best-ever $109 billion revenue (98.4 billion euro), a 12% increase from higher shipments. An 11% increase in adjusted operating income to a record $15.6 billion (14.1 billion euro) represented a 14.4% group-wide margin compared to 14.5% a year ago. Worldwide, inventory was at 1.37 million vehicles, up from 845,000 a year ago. ...snip... North America supported the financial results with a 4% increase in adjusted operating income to a best yet $8.88 billion (8.03 billion euro) from higher net pricing and volume growth. That represented a 17.5% margin, which was down from 18.1% a year ago. end quote
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Re: Stellantis profit, but growing unsold inventory
[Re: 360view]
#3163588
07/27/23 10:32 AM
07/27/23 10:32 AM
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Joined: Sep 2003
Posts: 1,236
Fairview Tennessee
SV_MOPARS
pro stock
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pro stock
Joined: Sep 2003
Posts: 1,236
Fairview Tennessee
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heres a thought, LOWER YOUR PRICES on the unsold inventory, i need to buy a new vehicle for my wife when we move to Tennessee next month, probably gonna buy low millage used vehicle.
Last edited by SV_MOPARS; 07/27/23 10:37 AM.
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Re: Stellantis profit, but growing unsold inventory
[Re: SV_MOPARS]
#3163590
07/27/23 10:43 AM
07/27/23 10:43 AM
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Joined: Feb 2022
Posts: 1,173
Nor here, Nor there
Dart 500
super stock
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super stock
Joined: Feb 2022
Posts: 1,173
Nor here, Nor there
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heres a thought, LOWER YOUR PRICES on the unsold inventory, i need to buy a new vehicle for my wife when we move to Tennessee next month, probably gonna buy low millage used vehicle. Wait, they'll have to lower prices eventually, they're trying to hold onto covid era profits which aint happening in this climate
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Re: Stellantis profit, but growing unsold inventory
[Re: topside]
#3163622
07/27/23 12:11 PM
07/27/23 12:11 PM
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Joined: Feb 2022
Posts: 1,173
Nor here, Nor there
Dart 500
super stock
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super stock
Joined: Feb 2022
Posts: 1,173
Nor here, Nor there
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Just saw a Ram truck ad that indicated essentially 10% off; whether it actually works out that way, though, I can't say.
Another issue is interest rates - they've slowed the real estate market, and I would think that apples to car loans.
Something has to give: manufacturers can't just keep dumping production on their dealerships if sales are down. The dealerships HAVE to be screaming for them to start up the incentives again, I am actually surprised they let it get this bad. I see Nissan is offering 0% on rogues, so its starting with some manufacturers.
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Re: Stellantis profit, but growing unsold inventory
[Re: 360view]
#3163858
07/28/23 12:00 PM
07/28/23 12:00 PM
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Joined: Jul 2003
Posts: 3,455
Newburgh, NY
Old_Moparz
master
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master
Joined: Jul 2003
Posts: 3,455
Newburgh, NY
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No sympathy from me whatsoever for the dealerships with a growing inventory because their greed has no limits. Yes, I know they have overhead, but unless you have a steel plate sewn into the back of your Fruit of the Looms, you're going to get it from them. They will find a way to charge you for anything everything they can possibly charge you for if you aren't careful. Aside from that, I rarely ever see a model of ANY vehicle that isn't fully loaded with options driving the price up. My 2004 Dodge Ram 1500 had started to rust in the usual spots when I wanted to replace it about 8 years ago. After seeing how high prices went I decided to dump some money into it for bodywork & paint as well as mechanicals it needed. After spending about $6000 or so, it was 100% dependable & looked great again. Right before the Covid restrictions & vehicle shortages & out of curiosity, I went back to the original dealership that I purchased my truck from to look at another truck they had advertised. It was 3 years old, had about 35,000 miles, priced about $30,000 which was much less than the overpriced new ones. Of course they asked if I had anything to trade, so I said it simply depends on what they will give me for it. Trucks of similar years & condition were listed online from $7500 to $12,500. Their own website that evaluates your trade in value told me mine was worth between $6500 & $10,000. The salesman had someone bring my truck to the shop to have it looked over. When he came back to me with his "DEAL OF THE CENTURY THAT I'D BE A FOOL TO PASS ON" price of $1500 I literally laughed while sitting at his desk.  I said for $1500 I'd pull the 5.7 out of it & drop it into an old car I had at home before I let you have it. He played the typical game of running back & forth to a non existent sales manager gradually increasing the price to $4000. I said to him, "We're done here." & got up & left. As for the truck I went to go see, it was a total POS. The salesman said they didn't get a chance to "detail it" yet & wanted me to be open minded about it. The truck was all scratched, the tires were bald, the bed was banged up like anvils were dropped in it & the interior was disgusting. There was bird dung on the dash & the console, food in the carpet & cup holders & boxes of trash in the back seat & the bed. It looked & smelled like a homeless band of crackheads lived in it.  Yeah, I feel horrible that they have too many vehicles in stock....LOL
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Re: Stellantis profit, but growing unsold inventory
[Re: 360view]
#3163954
07/28/23 04:37 PM
07/28/23 04:37 PM
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Joined: Jan 2006
Posts: 8,162
USA
360view
OP
Moparts resident spammer
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OP
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USA
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Does a USA Chrysler, Dodge, Jeep, Ram dealership also make 17 to 18% margin on the “average” new vehicle in addition to the profit on the financing?
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Re: Stellantis profit, but growing unsold inventory
[Re: 360view]
#3163966
07/28/23 05:24 PM
07/28/23 05:24 PM
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Joined: May 2019
Posts: 6,231
nowhere
Sniper
master
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master
Joined: May 2019
Posts: 6,231
nowhere
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Does a USA Chrysler, Dodge, Jeep, Ram dealership also make 17 to 18% margin on the “average” new vehicle in addition to the profit on the financing? Love how your sample quotes cherry pick the bias you want to put forth.
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Re: Stellantis profit, but growing unsold inventory
[Re: 360view]
#3164140
07/29/23 04:08 PM
07/29/23 04:08 PM
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Joined: Jan 2006
Posts: 8,162
USA
360view
OP
Moparts resident spammer
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OP
Moparts resident spammer
Joined: Jan 2006
Posts: 8,162
USA
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https://www.arcamax.com/homeandleisure/automotive/automotivenews/s-2857614sample quote Ford Motor Co. said Thursday it made $3.7 billion in net income in the first six months of the year, up from a loss of $2.4 billion in 2022. That included $1.9 billion in net income in the second quarter, nearly triple the results from the April-to-June quarter last year. As a result, the Dearborn, Michigan, automaker increased its full-year guidance by $2 billion in adjusted operating income, but it increased the timeline on its EV production goals and estimated losses on its EV business for 2023 would be $4.5 billion, up from $3 billion. That came after General Motors Co. posted $4.9 billion in earnings, its best since 2010, prompting it to increase its earnings guidance by $1 billion. snip Mounting auto profits are quickly becoming a line of attack by UAW President Shawn Fain, who calls the quarter of a trillion dollars in profit made by the three companies between 2013 and 2022 "obscene." More of those dollars, he says, should have gone into the pockets of workers. end quote
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Re: Stellantis profit, but growing unsold inventory
[Re: Moparite]
#3164215
07/30/23 01:53 AM
07/30/23 01:53 AM
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Joined: Feb 2003
Posts: 4,793
Castlegar, BC, Canada
That AMC Guy
master
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master
Joined: Feb 2003
Posts: 4,793
Castlegar, BC, Canada
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Make a vehicle that people want to buy would be nice! See a commercial for any two door cars? All i see is ugly 4 doors or SUV's.  Right?? How do you expect the public to get excited about your cars if your cars aren't exciting? I'm sorry guys, but the Challenger is just butt ugly. Because I like a little bit of styling, I went with a Mustang GT. The Challenger is like a fat girl that gives really good head. Yes, she's great at what she does, but otherwise, she's practically a truck and you really don't want your friends to catch you near her. The Charger? They could have offered a 2-door variant for very little capital. They just flat-out refused. Same thing with the Dart, the 200 and even the 300. All could have had coupe variants for very little money but the corporation is just being pig-headed. And yet Honda, BMW, Hyundai, Toyota can all offer cute little coupes that people are buying and selling decently. I think it all comes down to Chrysler just wants the profit margins of the big cars and trucks. They know they can't out-produce anybody anymore.
Bloody Mary, Full of Vodka, Blessed art thou among cocktails....
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Re: Stellantis profit, but growing unsold inventory
[Re: Old_Moparz]
#3164396
07/30/23 09:24 PM
07/30/23 09:24 PM
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Joined: Jan 2003
Posts: 5,307
Land 'O Lakes
RoadRunnerLuva
master
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master
Joined: Jan 2003
Posts: 5,307
Land 'O Lakes
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No sympathy from me whatsoever for the dealerships with a growing inventory because their greed has no limits. Yes, I know they have overhead, but unless you have a steel plate sewn into the back of your Fruit of the Looms, you're going to get it from them. They will find a way to charge you for anything everything they can possibly charge you for if you aren't careful. Aside from that, I rarely ever see a model of ANY vehicle that isn't fully loaded with options driving the price up. My 2004 Dodge Ram 1500 had started to rust in the usual spots when I wanted to replace it about 8 years ago. After seeing how high prices went I decided to dump some money into it for bodywork & paint as well as mechanicals it needed. After spending about $6000 or so, it was 100% dependable & looked great again. Right before the Covid restrictions & vehicle shortages & out of curiosity, I went back to the original dealership that I purchased my truck from to look at another truck they had advertised. It was 3 years old, had about 35,000 miles, priced about $30,000 which was much less than the overpriced new ones. Of course they asked if I had anything to trade, so I said it simply depends on what they will give me for it. Trucks of similar years & condition were listed online from $7500 to $12,500. Their own website that evaluates your trade in value told me mine was worth between $6500 & $10,000. The salesman had someone bring my truck to the shop to have it looked over. When he came back to me with his "DEAL OF THE CENTURY THAT I'D BE A FOOL TO PASS ON" price of $1500 I literally laughed while sitting at his desk. I said for $1500 I'd pull the 5.7 out of it & drop it into an old car I had at home before I let you have it. He played the typical game of running back & forth to a non existent sales manager gradually increasing the price to $4000. I said to him, "We're done here." & got up & left. As for the truck I went to go see, it was a total POS. The salesman said they didn't get a chance to "detail it" yet & wanted me to be open minded about it. The truck was all scratched, the tires were bald, the bed was banged up like anvils were dropped in it & the interior was disgusting. There was bird dung on the dash & the console, food in the carpet & cup holders & boxes of trash in the back seat & the bed. It looked & smelled like a homeless band of crackheads lived in it. Yeah, I feel horrible that they have too many vehicles in stock....LOL Very well said! 
Plymouth Makes It!
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