Stellantis’ global shipments fell 9% year-on-year in the first quarter to an estimated 1.2 million vehicles, it said today, after a 12% drop in 2024.
The world’s fourth-largest automaker said the first-quarter drop primarily reflected lower North American production, due to extended holiday downtime in January, as well as product transitions and lower van sales in Europe.
In the first three months of 2025, Stellantis’ shipments were down 20% in North America and 8% in its so-called Enlarged Europe area, it said in a statement.
They were up 19% in South America, it added.
Performance in North America was also affected by the initial ramp-up phase of updated 2025 Ram heavy-duty trucks.
Stellantis said new and refreshed models in the first quarter included the Citroen C3 Aircross, Opel Frontera, Fiat Grande Panda, Ram 2500 and 3500 heavy-duty trucks, “helping to drive positive momentum in order intake, while maintaining normalised dealer inventory levels”.
The group did not mention US tariffs in its statement.
Presenting 2024 results in February, including a 70% drop in net profit and a €6 billion cash burn, the group offered a cautious outlook, saying an improvement would not really materialise before the second part of this year.
A big profit warning in September last year sank the group’s shares and deteriorated relations between leading investors and former CEO Carlos Tavares, who left in December.
Stellantis, which will hold its annual shareholder meeting next week and report first-quarter revenue on April 30, is being led by Chairman John Elkann while it looks for a permanent CEO.
