Stellantis N.V. announced first-quarter 2025 revenues of €35.8 billion, marking a 14% decline compared to the same period in 2024. The downturn is attributed to reduced vehicle shipments, unfavorable regional mix, and ongoing price normalization. Consolidated shipments totaled 1.217 million units, a 9% decrease year-over-year, primarily due to lower production in North America stemming from extended holiday downtime in January, product transitions, and decreased light commercial vehicle volumes in Enlarged Europe.
In response to evolving U.S. tariff policies and the associated uncertainties affecting market volumes and competitive dynamics, Stellantis has suspended its full-year 2025 financial guidance. The company is actively engaging with governments to influence tariff policies and is adjusting production plans to mitigate the effects. This decision aligns with similar actions taken by other major automakers facing the unpredictable impact of new trade measures.
Despite the challenging environment, Stellantis launched three all-new models in Q1 2025: the Fiat Grande Panda, Opel/Vauxhall Frontera, and Citroën C3 Aircross. Additionally, updated versions of the Opel/Vauxhall Mokka, Ram 2500 HD, and Ram 3500 HD were introduced. These strategic product launches contributed to an increase in EU30 market share compared to Q4 2024 and an improvement in U.S. retail order volumes.
Regionally, North America experienced a 20% drop in shipments, reflecting lower production due to extended holiday downtime, initial ramp-up of updated 2025 Ram HD trucks, and continued gaps from discontinued models. Net revenues in North America declined by 25%, primarily due to lower volumes and mix, as well as increased incentives. In Enlarged Europe, shipments decreased by 8%, mostly due to transition gaps in certain A and B-segment vehicles and a decline in LCV volumes.
Other regions showed mixed results. South America reported a 19% increase in shipments, maintaining over 23% market share, with net revenues up 6%. Conversely, the Middle East & Africa region saw a 15% decline in shipments and net revenues, impacted by import restrictions and currency translation effects. China and India & Asia Pacific regions experienced a 20% drop in shipments, with net revenues down 15%.
Stellantis remains focused on its strategic initiatives to navigate the current market challenges. The company is leveraging its diverse geographic footprint to drive growth, with its “Third Engine” regions delivering positive year-on-year growth in aggregate during Q1 2025. Stellantis continues to monitor market conditions closely and adjust its operations to align with the evolving global automotive landscape.
Discussion about this post