Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Stellantis’ regional sales chief said earlier this week the auto maker would begin a reshuffle of its European dealers’ network in 2023 from Austria, Belgium and the Netherlands, as well as its van and premium brands in all markets.

Under the plan, Stellantis’ distribution structure in Europe will be shifted towards an “agency model”. This way, the auto maker will gain more control over sales transactions and prices, whereas dealers will be able to focus on handovers and servicing.

“We will start in June next year with all our van brands and with our premium brands – Alfa Romeo, DS and Lancia – in all markets, and on three pilot markets, Austria, Belgium and the Netherlands with all our brands,” Stellantis’ sales chief for ‘Enlarged Europe’ area Maria Grazia Davino said at an “Automotive dealer day” event in Verona, Italy.

The new distribution structure is expected to be operational in the ten biggest European markets by 2026.

Core elements of the new contract that is to be proposed to retailers will be prepared by the summer, while a final set up is expected by the end of the year, Davino said.

“Our direction is to envisage a 5% fee for our retailers on new cars sold, we’re working on this hypothesis. We’re into a transition of course, then we’ll see,” she said.

retailers will earn different fees for different brands – higher fees for premium brands, during the first stage of this process, Davino added.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • US crude oil inventories rise more than projectedUS crude oil inventories rise more than projected Both West Texas Intermediate and Brent crude were little changed after the Energy Information Administration stated a larger-than-expected jump in US crude oil inventories last week, while refinery utilization rose and distillate fuel […]
  • Grain futures edge higher on dry weather, gains limited on supply outlookGrain futures edge higher on dry weather, gains limited on supply outlook Grain futures edged higher on Wednesday as corn and soybeans yields were threatened by dry weather but gains are expected to remain limited on high output outlook.On the Chicago Board of Trade, corn futures for delivery in September traded […]
  • Natural gas trading outlook: futures hold near 11-month low ahead of supply dataNatural gas trading outlook: futures hold near 11-month low ahead of supply data Natural gas was steady near the lowest level since November ahead of EIA supply data that is expected to show the 27th straight above-average weekly build in US stockpiles. Weather forecasts continued to show mostly warmer-than-seasonal […]
  • Forex Market: AUD/USD daily forecastForex Market: AUD/USD daily forecast During yesterday’s trading session AUD/USD traded within the range of 0.9323-0.9412 and closed at 0.9400.At 11:13 GMT AUD/USD traded at 0.9416, adding 0.11% for the day. The pair touched a daily high at 0.9432 at 8:40 GMT.Fundamental […]
  • Marcus announces $0.07 quarterly dividendMarcus announces $0.07 quarterly dividend The Marcus Corporation (NYSE: MCS) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.07 per share of common stock.The dividend will be paid on June 26th to shareholders of record as of the […]
  • AUD/USD Technical Setup Points to Deeper Downside MoveAUD/USD Technical Setup Points to Deeper Downside Move Key Moments AUD/USD is trading around 0.7075 within a defined range as a bearish strategy is in play. Price action is focused on an ATR-based downside objective near 0.7028, with a broader target at the 0.214 Fibonacci level […]