FCA US reports Q4 sales down 16% to 347,669 vehicles

Stellantis’ FCA US reports sales of 347,669 vehicles in the fourth quarter and 1,547,076 vehicles for 2022. Overall, total U.S. sales for the fourth quarter declined 16% while full-year results decreased 13%. The company’s total PHEV U.S. sales increased 26% year over year and 21% in the fourth quarter versus last year. "Stellantis is setting the course for 50% passenger car and light-duty truck battery-electric vehicles sales mix in the United States by the end of this decade," the company stated. "We saw strong demand for our PHEV offerings in the face of industry market conditions that carried across 2021 into 2022, including production constraints and a disruption of parts and materials in general, which adversely affected our overall sales. Sales of the Jeep Wrangler 4xe increased 46% over last year, and the all-new Jeep Grand Cherokee 4xe, introduced to the market late last year, accounted for 11% of the nameplate’s performance. As we look to 2023 and navigate the industry transformations that are occurring, we will continue to work closely with our customers to meet their demands and the needs of our dealer network," added U.S. Head of Sales Jeff Kommor.