Part 1/9:
The Impending Price Cuts by Stellantis: A Deep Dive
Stellantis, the automotive giant, is reportedly planning to cut Manufacturer's Suggested Retail Prices (MSRPs) across its fleet by as much as 35%, a move that could be seen as both drastic and necessary given the current market dynamics. This follows a series of challenges that have intensified competition in the auto industry, particularly for their Ram trucks. Additionally, the company is looking to slash its old inventory prices by up to 60%, seeking to clear out remaining 2022 and 2023 models burdening dealer lots across the nation.