Stellantis Resets U.S. Fleet Strategy Amid Early Signs of Growth
Stellantis is reshaping its U.S. fleet operations under Michael Ferreira, who joined in April after more than 30 years in global fleet roles. The company is already seeing progress, with a 22% year-over-year fleet sales increase in Q3 2025. Ferreira reorganized the fleet division by integrating previously separate brand teams and establishing new regional roles focused on business development, account management, and dealer support. Stellantis also released MY-2026 pricing earlier than competitors and aligned its U.S. strategy with the global Pro One commercial vehicle program. The company is prioritizing government, commercial, and rental fleets while expanding outreach to self-managed fleets, which make up half of the market.
Stellantis is upgrading its connectivity and upfitting capabilities through a revamped Connected Fleet platform that sends diagnostic trouble codes to fleets, FMCs, and dealers at the same time. It is also adapting its European Custom Fit program to enable more factory-integrated upfitting and better tracking from production to delivery. Powertrain recommendations are now made based on each fleet’s operational patterns, with EVs, hybrids, and diesel options tailored to use cases. Looking ahead, Stellantis is collaborating with Nvidia, Uber, and Foxconn on future mobility and Level 4 autonomous projects. Ferreira said the early sales rebound shows the restructuring is working, and the next phase will focus on improving rental relationships, dealer integration, upfit visibility, and engagement with self-managed fleets.
Mid-November 2025 Manheim Used Vehicle Value Index Market Summary
The Manheim Used Vehicle Value Index (MUVVI) rose to 205.0 in mid-November, reflecting a 1.1% increase in wholesale used-vehicle prices from October, though values remain 0.2% below levels from November 2024. This gain contrasts with the long-term trend, as November typically sees a 0.6% seasonal decline. Non-adjusted prices, however, fell 0.5% month over month and are down 0.2% year over year, showing some softening after elevated depreciation in October. According to Jeremy Robb, Cox Automotive’s Interim Chief Economist, early November brought more moderate pricing trends and a slightly improved retail sales pace, aided by lower auto loan rates, which dropped roughly 30 basis points. He notes that depreciation typically stabilizes in December and that higher-than-usual spring tax refunds could drive early dealer demand.
Early November 2025 Used-Vehicle Inventory and Sales Trends
Used-vehicle inventory rose again at the start of November, reaching 2.26 million units nationwide—1% higher than early October and 3% higher than a year earlier—setting a new 2025 high. Despite this increase, inventory levels remain below those seen in recent years and below 2019 levels. Days’ supply stood at 48, down one day from October but still one day higher than last year, indicating that while supply has improved, it remains constrained.