Stellantis Reduces U.S. Vehicle Inventory by 100,000

Stellantis has successfully reduced its U.S. vehicle inventory by over 100,000 units, achieving its target of fewer than 330,000 cars by the end of 2024, according to North American chief Antonio Filosa. This achievement follows a period of excess inventory due to ineffective pricing strategies and declining sales, which contributed to the abrupt resignation of former CEO Carlos Tavares in December 2024. Filosa, who took over shortly thereafter, implemented significant consumer discounts to clear dealer lots, acknowledging the substantial costs involved. The transition comes at a critical time as Stellantis faces potential challenges, including fluctuating demand for electric vehicles and possible tariffs on imports from Mexico and Canada, which could impact production and sales of popular models. As the company navigates this shift, Filosa is viewed as a strong candidate for the permanent CEO role, tasked with steering Stellantis toward a more sustainable future. The automaker's progress is seen as a positive step amid ongoing market uncertainties and leadership changes.