Stellantis NV (NYSE:STLA, EPA:STLA) shares were down 0.27%, at $18.65, after it reported a third-quarter sales decline of 1% year-over-year.
The maker of Chrysler, Dodge, Jeep, Ram and others sold 380,563 vehicles in the period, the company said in a statement after market close.
Of the automaker’s brands, only Chrysler delivered third-quarter sales growth.
Jeep sales dropped 4%, Ram fell 4%, Dodge lost 23%, Fiat tumbled 30% and Alfa Romeo declined 16%. Chrysler, the lone standout, saw sales surge 96% year-over-year, driven by a more than four-times increase in Pacifica plug-in hybrid minivan sales.
"We’ve gained traction over the summer and we’re starting to see some momentum at the end of this third quarter,” US Head of Sales Jeff Kommor said in a statement.
The third quarter results come as the United Auro Workers are striking specific plants operated by each of three Detroit automakers, including Stellantis’ Jeep plant in Toledo. and Mopar plants around the country.
Nearly three weeks in, the strike hasn’t had a major impact on sales. That’s likely to change if it continues well into the fall, however.
General Motors Company (NYSE:GM) also reported third-quarter sales numbers Tuesday, delivering 21.4% growth year-over-year.
Shares of Stellantis fell 0.27% in Wednesday's premarket at $18.65.