STELLANTIS: Q1 volume drops 14%; Jeep dips 2%

Sales at Stellantis' U.S. arm dropped 14 percent in the first quarter as each brand posted lower volume compared with the year-earlier period. It was the third straight quarterly decline for the automaker.

Stellantis said first-quarter U.S. retail sales declined 13 percent.

Jeep's sales dipped 2.2 percent during the latest period, while Ram fell 15 percent. Dodge, which discontinued the Caravan and Journey after the 2020 model year, had a 36 percent sales dip.

Although Jeep fell slightly, the redesigned Grand Cherokee and new three-row Grand Cherokee L helped the nameplate post its best first quarter ever with sales of 75,117.

Brands: Jeep, down 2.2%; Ram, off 15%; Chrysler, down 27%; Dodge, off 36%; Fiat, down 58%; Alfa Romeo, down 29%.

Notable nameplates: Grand Cherokee, up 36%; Wrangler, down 8.2%; Cherokee, down 73%; Compass, up 22%; Gladiator, down 4.8%; Ram pickups, down 15%; Charger, down 22%; Challenger, off 26%; Pacifica, off 23%.

Incentives: $2,574 per vehicle, down 45% from a year earlier, TrueCar says.

Average transaction price: $52,707, up 21% from a year earlier, according to TrueCar.

Quote: "Despite being impacted by the existing supply chain constraints facing our industry, we continue to see strong demand for our vehicles," Jeff Kommor, head of U.S. sales operations for Stellantis, said in a statement. "Our dealer network continues to demonstrate great flexibility as we balance and prioritize these demands in offsetting market conditions."

Did you know? The sales report shed some light on the sales mix of Jeep's electrified Wrangler. The Wrangler 4xe accounted for 18 percent of Wrangler volume in the quarter with 8,346 deliveries. The Chrysler Pacifica, which was outsold by the Toyota Sienna in 2021 -- 107,990 v. 98,323 -- topped the Sienna in the first quarter, 26,366 vs. 20,061.