Stellantis CEO Carlos Tavares Is Worried That New Cars Are Fast Becoming Unaffordable | Carscoops

Stellantis CEO Carlos Tavares Is Worried That New Cars Are Fast Becoming Unaffordable | Carscoops carscoops

“I am very concerned about the effect of affordability,” he said, adding it is “becoming much more of an issue as inflationary pressures escalate.”explained a number of factors that have caused new car prices to rise so rapidly. For starters, the ongoing semiconductor shortage continues to impact the automotive industry and has led to production cuts.

One area where Stellantis is looking to save money is through marketing and its distribution system. Tavares said that its marketing and distribution system accounts for roughly 30 percent of the price of a new vehicle. He added that Stellantis will also need to work around different franchise laws across the United States and overseas markets.

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