Stellantis Struggles with Excess Inventory of Unpopular Dodge Models
As the automotive industry continues to grapple with an inventory glut, Stellantis stands out for its difficulty in offloading aging 2024 models. The company's inability to clear stock is mirrored across other brands as US inventories have surged past three million vehicles.Key TakeawaysDodge Hornet PHEV has an unsold inventory of 82.1% for the 2024 model year.Cox Auto data shows November's days' supply at record highs since November 2024.Despite excess stock, dealers are hesitant to lower prices significantly.The Dodge Hornet PHEV exemplifies the current inventory woes. With over eighty percent of its 2024 model year vehicles still unsold, it's clear that demand isn't matching supply for this particular plug-in hybrid variant. Meanwhile, Cox Auto data indicates November saw record-high da...