"Stellantis Q1 Sales Decline 10% Amid Shift to Cheaper Cars"
Originally Published 1 year ago — by Bloomberg
Sales of high-priced pickup trucks from Stellantis NV, Ford Motor Co., and General Motors Co. have declined in the first quarter, with Ram pickup sales dropping 15% and F-Series trucks sales falling 10%. This decline is attributed to high borrowing costs affecting consumer demand, with Ford also delaying delivery of over 60,000 models for quality checks and halting shipments of the electric F-150 Lightning due to an undisclosed quality issue.