A US dealer group has sounded off at the parent company of Jeep, Ram, Dodge and Chrysler, accusing it of mismanaging the American brands. The US used to be the most profitable market for Stellantis – parent to the aforementioned brands after a 2021 merger between Fiat Chrysler Automobiles (FCA) and Groupe PSA – but it has recently faced some major hurdles. Reuters reports Stellantis’ operating income in the first half of 2024 fell by 40 per cent, while Ram and Jeep sales in the US have fallen by more than one-third compared to 2019.
100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now .
In a letter to Stellantis CEO Carlos Tavares, Stellantis National Dealer Council chairman Kevin Farrish – who runs a Jeep, Ram, Dodge and Chrysler dealership in Virginia – accused the company of ignoring warnings which has led to “disaster” for all involved. “We are writing this letter on behalf of the entire US dealer network and its employees. The intent of this letter is to sound an alarm – an alarm to not only you, but to the Stellantis board of directors, your employees, your investors, and your suppliers,” Mr Farrish said in the letter.
“For over two years now, the US Stellantis National Dealer Council has been sounding this alarm to your US executive team, warning them that the course you had set for Stellantis in the US was going to be a disaster in the long run. A disaster not just for us.