Stellantis (STLA) expands SPOTiCAR program to the U.S.

Stellantis (NYSE: STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.

SPOTiCAR, the manufacturer-approved pre-owned vehicle program, was originally introduced in Europe back in 2019 and reached across 11 countries. The program encompasses renowned brands like Alfa Romeo, Chrysler, Dodge, FIAT, Jeep®, Ram, and Wagoneer by Jeep.

SPOTiCAR serves as a convenient solution for both private individuals and businesses by offering approved used vehicles exclusively from official retailers. With a dedicated website and a network of specialized dealerships, the program leverages Stellantis' extensive dealer network of over 2,600 locations across the U.S.

This U.S. launch aligns with Stellantis' Dare Forward 2030 strategy, reflecting its commitment to enhancing pre-owned vehicle sales and transactions.

"SPOTiCAR arrives in the U.S. at a time of rapid change in the fast-growing, extremely competitive and highly digitalized global used-car market," said Head of U.S. Sales Jeff Kommor.

Shares of STLA are down 1.57% near end of day trading on Thursday.

By Michael Elkins | [email protected]

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