Post-Pandemic Vehicle Market: Supply Stabilizes, Costs Remain High, and EV Growth Varies
As the post-pandemic recovery continues, supply chain challenges have mostly eased, with dealer lots filling up and days-to-turn for trucks returning to pre-pandemic levels. However, commercial vehicle prices remain high despite increased supply. Maintenance and insurance costs have risen, though fuel prices and inflation are moderating. Depreciation is declining, raising total ownership costs, and used vehicle prices may stabilize due to a drop in lease maturities. Meanwhile, the push for electric vehicles (EVs) is uneven, with sales growth driven by certain regions and fleet types, while commercial EV adoption remains slow. The upcoming election could impact EV market growth.
(CANADA) Stellantis to Replace Dodge Durango with New Stealth SUV Amid UAW Dispute
Stellantis plans to replace the Dodge Durango with a smaller SUV named the Stealth, set to be assembled in Windsor, Ontario, beginning in 2027. Durango production will end in July 2027 at the Detroit Assembly Complex, with no plans for a new Dodge model based on the Jeep Grand Cherokee. The Stealth, a five-passenger crossover built on the STLA Large platform supporting both internal combustion and electric powertrains, revives a name last used for a sports coupe in the 1990s. The United Autoworkers Union (UAW) has filed complaints accusing Stellantis of violating a 2023 labor contract that committed to building the Durango in Detroit. Stellantis denies breaching the agreement, stating it will communicate production plans to the UAW in due time.
Ram's 1500 REV Electric Pickup Set for Early 2025 Launch, Targeting Up to 500-Mile Range
Ram is set to enter the electric pickup market with the 1500 REV, expected in dealerships by early 2025. The 1500 REV will feature a 168-kilowatt-hour battery with a range of up to 350 miles, and an optional 229-kWh battery offering up to 500 miles. Following the REV, Ram will launch the electrified 1500 Ramcharger, equipped with a range extender for those hesitant about fully electric vehicles. Ram's first electric van, the ProMaster EV, was released in 2024. Ram emphasizes delivering electric vehicles capable of handling real-world tasks, including towing and payload, according to former global operations officer Bob Broderdorf.