AMSTERDAM, January 16, 2025 – Stellantis N.V. has announced its preliminary global consolidated shipment estimates for Q4 2024, showcasing significant progress in mitigating shipment declines compared to earlier quarters. The Company reported a 9% year-over-year (y-o-y) decline in shipments for the three months ending December 31, 2024, marking an improvement from the 20% y-o-y decline in Q3 2024. This positive trajectory is attributed to the conclusion of inventory reduction efforts and the launch of next-generation products in Europe, which addressed temporary gaps in the generational portfolio transition.
Key Shipment Highlights by Region
North America: Inventory Discipline Prepares for 2025 Growth
In North America, shipments declined approximately 115,000 units compared to Q4 2023, reflecting a substantial 28% y-o-y drop. This outpaced the region’s 5% y-o-y sales decline, underscoring the impact of strategic inventory adjustments.
During the quarter, U.S. dealer inventory was reduced by approximately 80,000 units, bringing inventory levels to just over 300,000 units by year-end. This disciplined approach strengthens Stellantis’ readiness to support the 2025 arrival of anticipated new products from iconic brands Jeep, Ram, and Dodge.
Enlarged Europe: Product Launches Narrow Shipment Gap
Shipments in Enlarged Europe declined by 6% y-o-y in Q4 2024, a marked improvement from the 17% y-o-y decline recorded in Q3. The launch of the Citroën C3/ë-C3 was pivotal in reducing a temporary gap in the B-segment portfolio, with over 90,000 units ordered.
The promising response to next-generation products is further reflected in orders surpassing 140,000 units for the STLA Medium platform vehicles, including the Peugeot 3008, Peugeot 5008, and Opel Grandland. Upcoming launches, such as the MHEV Citroën C3, Citroën C3 Aircross, Opel Frontera, and Fiat Grande Panda, are poised to continue bolstering the region’s recovery.
The “Third Engine”: Growth in South America and MEA
The “Third Engine” regions, comprising South America, Middle East & Africa, and China and India & Asia Pacific, delivered a 5% overall shipment growth. This was driven by a robust 12% increase in South America and stable performance in the Middle East & Africa.
- South America: Shipment growth was supported by recovering production in Brazil following flooding in Rio Grande do Sul and robust industry demand in key markets.
- Middle East & Africa: Improvements in Turkey, Morocco, Egypt, and Tunisia offset temporary import restrictions in Algeria.
- China and India & Asia Pacific: Shipment performance in these regions faced challenges, moderating the broader gains in the “Third Engine” group.
Positioning for 2025
Stellantis’ proactive inventory management and strategic product launches reflect its focus on long-term growth and market leadership. The normalization of U.S. dealer inventories aligns with the Company’s strategy to prioritize high-demand, next-generation products. Similarly, the strong order intake in Europe highlights the appeal of Stellantis’ innovative STLA platform and multi-energy vehicle offerings.
The full-year 2024 revenue and shipment figures will be presented in Stellantis’ official financial report. Preliminary figures provided today remain subject to adjustments.
As the Company transitions its portfolio to address evolving market demands and sustainability goals, it remains well-positioned to capitalize on its global presence and innovative product strategies in 2025 and beyond.
About Stellantis
Stellantis N.V. is one of the world’s leading automakers and mobility providers, focused on delivering sustainable and innovative solutions across its portfolio of iconic brands. For more information, visit www.stellantis.com.
