...they're fucked.
Their inventory is insanely high. And worse, it's OLD.
They kept running production full tilt, forcing dealers to take new production AND FORBIDDING THEM offering deals to customers to clear old stocks. They kept trying to sell to the top of the market and nobody's interested.
So their dealers are closing left and right, going bankrupt because they can't service the sustain costs on their inventory (they don't precisely own the cars in their lots) and as few people that are willing to buy a new JEEP for $120k, there's even fewer willing to pay $120k for a "new" 2024 model that's been sitting on the lot for 3 years. Drive that off the lot and you don't lose 30% value, you lose 60% or more.
I'm not in that business, but from what I understand their collapse is a "when not if" proposition. Not shocked that when Carvana looked for someone willing to be their playground, Stellantis was willing and had dealerships that would take anything for some inflow of cash and maybe even customers.