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Key Takeaways
- Stellantis reported that its U.S. sales rose 6% in the third quarter compared with the year-earlier period, snapping a streak of eight consecutive quarters of sales declines.
- The Big Three automaker got a boost from demand for its Chrysler, Ram truck, and Jeep brands.
Stellantis (STLA) shares jumped Thursday after the Big Three automaker reported that its U.S. sales rose in the third quarter, driven by demand for its Ram trucks, Chryslers and Jeeps.
The company’s sales increased 6% from the year-ago period to 324,825 vehicles, snapping a streak of eight consecutive quarters of declining sales. Sales in September jumped 16% compared to the same month last year.
Jeff Kommor, head of U.S. sales, said in a press release that September was “our highest monthly market share in the U.S. in 15 months.” He added that the company was “taking deliberate actions” to keep sales momentum going.
Why This News Is Significant
The sales numbers could indicate that Stellantis, maker of some of America’s most-storied automotive brands, is rebounding under a new leadership team. The automaker, which scrapped its full-year outlook in April, still faces risks related to tariffs and tough competition.
Stellantis shares were up nearly 9% recently, trading at their highest level since May. Even so the stock is down 20% since the start of 2025 and has lost about two-thirds of its value since March 2024, as the automaker executes a turnaround under CEO Antonio Filosa, who took over in June.
Looking at individual brands in the latest quarter, Chrysler sales soared 45%, boosted by its Pacifica and Voyager models. Ram sales jumped 26%, lifted by excitement over the Ram 1500 with the HEMI V-8 engine. Jeep sales rose 11%, with the Wagoneer skyrocketing 122%. Sales of Fiat were 2% higher.
