by A review of over 2.6 million new car sales listings in the US, conducted by iSeeCars, revealed a serious problem for a number of brands under the Stellantis conglomerate. Significant overstocks of unsold 2024 model year vehicles are still sitting on dealer lots for Dodge, Jeep, and Alfa Romeo.
This creates obvious difficulties for manufacturers and dealers; however, it opens up opportunities for favorable deals for buyers if they are willing to consider exactly those models that remain in stock.
The study showed that the Dodge Hornet PHEV leads this list: approximately 82.1% of the total 2024 model year inventory is still located on dealer lots across the country. For comparison, the industry average for remaining 2024 model year inventory is only 0.4%.
Why Aren’t These Cars Selling?
One likely reason for this situation could be price. The average listing price for a 2024 Dodge Hornet PHEV is $41,166, which is only $244 less than the original MSRP of the mid-trim Hornet R/T. In other words, there is no significant benefit yet, at least on paper.
Second place in the study went to the Jeep Grand Cherokee, 70.8% of its 2024 inventory is still available, with an average price of $64,014. Slightly behind is another Stellantis model—the hybrid Alfa Romeo Tonale, with 46.8% of its 2024 stock offered for sale.
Among other models with high rates of unsold stock are the discontinued Chevrolet Malibu (31%), the gasoline-powered Dodge Hornet (26.3%), Jeep Grand Wagoneer L (24.1%), Genesis GV60 (21.8%), Dodge Charger (20.9%), and Nissan Z (18.8%).
Models with the Largest 2024 Model Year Inventory Backlogs
Overall average for 2024 model year vehicles: 0.4%, average price $47,256.
Out of the 23 models leading the backlog list, 12 belong to Stellantis. Besides the Hornet and Grand Cherokee, these are the Jeep Wrangler 4xe, Alfa Romeo Giulia and Stelvio, Maserati Grecale, as well as both the Grand and standard Wagoneer L. Such concentration makes Stellantis the clear underperformer among unsold 2024 model year vehicles.
Situation with 2025 Model Year Vehicles
The picture changes if we look at 2025 model year inventory. The leader in unsold stock is the BMW i4, with 89.2% of its listed 2025 units still waiting for a buyer. The Lexus GX 550 and Subaru BRZ are not far behind, with rates of 87.8% and 87.1% respectively.
Although the manufacturers are different, the trend remains unchanged: some newer models are also experiencing a slow sales start.
Models with the Largest 2025 Model Year Inventory Backlogs
- 1. BMW i4 — 89.2%, average price $67,745
- 2. Lexus GX 550 — 87.8%, average price $81,291
- 3. Subaru BRZ — 87.1%, average price $38,516
- 4. Lexus LX 600 — 83.9%, average price $117,757
- 5. Toyota GR Corolla — 83.2%, average price $46,015
- 6. Kia Niro — 80.8%, average price $31,914
- 7. Volkswagen Taos — 80.6%, average price $30,796
- 8. Toyota 4Runner (hybrid) — 80.4%, average price $64,276
- 9. Ford Maverick (gas and hybrid) — 78.9%, average price $34,549
- 10. Toyota 4Runner — 78.5%, average price $54,534
Overall average for 2025 model year vehicles: 21.3%, average price $47,767.
The extremely high percentage of unsold cars, especially among 2024 model year vehicles, indicates a potential dysfunction in the supply and demand chain. For Stellantis brands, this could be a signal about the need to review marketing strategies, pricing, or even product features. On the other hand, such a situation creates unique conditions for the used car market and may lead to a more flexible position from dealers in negotiations, as they seek to free up space for new arrivals. The dynamics with 2025 model year vehicles, where different manufacturers are now the leaders, emphasize that the problem is not isolated and can quickly shift between brands depending on the model lineup and economic conditions.
