Stellantis Sinks 7% as Jeep Weakness Offsets Ram Strength; Ford Drops 2%, General Motors Slips

A flat U.S. sales quarter has put fresh scrutiny on the weaker side of the brand mix at Stellantis (NYSE:STLA | STLA Price Prediction), and shares of the automaker are taking the biggest selloff among the Detroit Three. Stellantis stock is down 7% to $4.37 in afternoon trading. That decline comes on the heels of a release in which the company’s U.S. sales total showed no growth at all, even with one of its brands posting a strong gain.

Meanwhile, Ford Motor (NYSE:F) shares are down 2% to $12.02, a far smaller decline that still follows the direction of the Stellantis move. General Motors (NYSE:GM) stock is slipping 0.8% to $78.69, the smallest drop among the three carmakers.

Selling in shares of Stellantis and its Detroit rivals runs counter to the sector fund’s direction. At the same time, the Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLY) is up 1% to $110. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.7% to $769.35, giving the broad market a firm footing as carmakers lag.

Ram Gains Sit Against a Larger Jeep Decline

Stellantis released its U.S. sales for the third quarter of 2026 on October 1, and the total came in essentially unchanged from the year-earlier period. Inside that flat figure, Stellantis reported a 29% rise in Ram brand sales and a 20% drop at Jeep. Jeep sells more vehicles than Ram, so the larger percentage decline landed on the bigger of the two brands at Stellantis.

Also on October 1, Stellantis confirmed that it will pause its production at four French plants during October. The company cited a shortage of long-range electric vehicle (EV) batteries and slower demand for some models. Stellantis described the pause as a temporary adjustment to keep its output aligned with demand.

Ford and GM Trail the Stellantis Slide

Ford and GM shares are trading lower as well, yet both declines are far smaller than the drop in Stellantis stock, which keeps most of the pressure concentrated on one automaker. Of the two Detroit rivals, Ford shares are showing the larger decline, and GM stock is holding up best among the three carmakers. Both Ford and GM compete with Ram and Jeep in U.S. pickups and sport utility vehicles, which ties their shares to any read on demand from a Stellantis sales release.

Tesla (NASDAQ:TSLA) sits in the same auto manufacturers industry as the three legacy carmakers and serves as the EV benchmark for the group. The XLY ETF counts Tesla among its biggest positions, and Ford and GM carry much smaller weights alongside e-commerce, home improvement, restaurant and travel names. That mix helps explain how XLY can rise as two of its automaker holdings fall.

What to Watch Next

Stellantis enters the coming months with a strong pickup brand and a bigger, weaker sport utility brand pulling its U.S. total in opposite directions. Investors should watch whether Jeep volume steadies and Ram momentum holds through the next quarterly sales release. How long the French production pause lasts is the other open question for Stellantis, which framed the stoppage as temporary.

The Ram gain gives Stellantis a genuine bright spot, though a 20% Jeep decline on the bigger brand leaves the bull case resting on one franchise. Investors weighing their exposure should size their share positions carefully, considering the flat U.S. sales total at Stellantis and the separate battery strain in France.

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