Published by Global Banking & Finance Review®
Posted on April 11, 2025
2 min readLast updated: January 24, 2026
Add as preferred source on GoogleStellantis' Q1 shipments fell 9% due to production issues in North America and Europe, while South America saw a 19% increase.
MILAN (Reuters) -Stellantis' global shipments fell 9% year-on-year in the first quarter to an estimated 1.2 million vehicles, it said on Friday, 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 normalized dealer inventory levels".
The group did not mention U.S. tariffs in its statement.
Presenting 2024 results in February, including a 70% drop in net profit and a 6 billion euro ($6.8 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.
($1 = 0.8882 euros)
(Reporting by Alessandro Parodi in Gdansk and Giulio Piovaccari in Milan. Editing by Milla Nissi and Mark Potter)
The article discusses Stellantis' 9% decline in vehicle shipments during the first quarter of 2025.
The decline was due to lower production in North America and Europe, and extended holiday downtime.
Stellantis saw a 19% increase in vehicle shipments in South America.
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