US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

Stellantis' sales dropped by 21% in the second quarter compared to the same period last year2. The transatlantic automaker sold 344,993 vehicles in the United States in April, May, and June, compared to 434,648 in the same period a year ago2.

U.S. new-vehicle sales rose only 0.1% in the second quarter despite discounts, as buyers were deterred by still-high prices5. Auto industry analysts expect prices to drop further and interest rates to potentially be cut, making vehicle loans more affordable.