US auto sales in April hit a 16.1 million‑unit SAAR, marginally above the 16.0 million consensus, despite a 6% YoY drop.
Hybrid vehicle sales rose 8% YoY, while battery‑electric sales fell 22% YoY, with BEV market share slipping to 5.7%.
Stellantis grew YoY market share to 7.9% as GM and Ford fell to 17.0% and 12.9% respectively; Asian makers hold 50% overall.
Dealer inventories rose to 51 days, with Stellantis stock at 347,000 units (83 days supply), indicating higher excess inventory.