Stellantis Reports Consolidated Shipping Estimates For Q4 2024 Investing.com

Stellantis reports consolidated delivery estimates for Q4 2024

The -9% Q4 yoy decline in shipments improved from -20% in Q3, as inventory reduction actions were completed and new product launches in Europe reduced the company’s offering gaps related to the transition of our generation portfolio

AMSTERDAM, January 16, 2025 “ Stellantis NV (NYSE: ) today released global quarterly consolidated shipment estimates and commented on related business trends. The term shipment describes the volumes of vehicles delivered to our dealers, distributors or directly from the Company to retail and fleet customers, which directly lead to revenue recognition.

Consolidated shipments for the three months ended December 31, 2024 were an estimated 1,395 thousand units, representing a decrease of 9% compared to the same period in 2023. Shipment performance converged directionally with underlying sales performance in the period of approximately -5%, as destocking initiatives in the US were successfully concluded and deliveries in Europe were supported by the launch of certain next-generation products that reduced the temporary shortfall in the production of certain Stellantis products in the region.

• In North America, shipments in the fourth quarter fell by approximately 115 thousand units compared to the same period in 2023, representing a decline of 28% year-over-year, in contrast to a more modest sales decline of 5% year-over-year. The larger decline in shipments reflects inventory reduction initiatives, where manufacturing discipline combined with incentive actions resulted in US distributor inventories being reduced by ~80K units compared to the end of Q3, ending the period at just over 300K units. The normalization of US dealer inventory puts the company in a strong position to support the arrival of new products in 2025 from Jeep, Ram and Dodge.
• In the extended Europe, the 6% year-on-year drop in deliveries in the fourth quarter was significantly reduced compared to the third quarter (-17% year-on-year) as the temporary gap in certain B-segment offerings was significantly reduced due to the launch of the Citroën C3/ ë -C3. Additional B-segment products will soon follow, such as the MHEV Citroën C3, as well as the multi-energy Citroën C3 Aircross, Opel Frontera and Fiat (BIT:) Grande Panda offer. The initial European launches of Stellantis’ next-generation products are off to a promising start, with orders received for more than 90,000 units of the Citroën C3/ë-C3 and more than 140,000 units for the entry-level platform STLA Medium Peugeot ( OTC:) 3008, Peugeot 5008 and Opel Grandland.
• In Stellantis’ third engine(2), shipments rose 5% driven by a 12% increase in South America and a stable Middle East and Africa, more than offsetting declines in shipments to China, India and Asia Pacific. Deliveries in South America were supported by stronger industrial demand in all major markets and ongoing production recovery following the Rio Grande do Sul flood. Deliveries in the Middle East and Africa were stable, reflecting improvements in Turkey, Morocco, Egypt and Tunisia, largely offset by the impact of temporary import restrictions in Algeria.

(1) Consolidated shipments include only shipments of the Company’s consolidated subsidiaries, which represent new vehicles invoiced to third parties (traders/importers or end customers).

The consolidated shipment volumes for the fourth quarter of 2024 shown here are unaudited and may be adjusted. Final figures will be reported in our official revenue/shipment report. Analysts should interpret these figures keeping in mind that they are preliminary and subject to change.

(2) The third engine refers to the aggregation of the South America, Middle East and Africa and China and India and Asia Pacific segments for presentation purposes only.

# # #

About Stellantis

Stellantis NV (NYSE: STLA / Euronext (EPA:) Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading car manufacturers that wants to provide everyone with clean, safe and affordable freedom of mobility. It is best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is implementing its Dare Forward 2030, a bold strategic plan that paves the way to achieving the ambitious goal of becoming a technology company with zero carbon dioxide mobility by 2038, with a single-digit percentage offset of remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.

Stellantis forward-looking statements

This communication contains forward-looking statements. In particular, forward-looking statements about future events and expected business results, business strategies, expected benefits of the proposed transaction, future financial and operating results, anticipated closing date of the proposed transaction and other expected aspects of our business or business results – statements that appear. These statements may include terms such as may, will, expect, could, should, intend, estimate, anticipate, believe, remain, on track, design, aim, aim, goal, forecast, projection, outlook, prospects , plan or similar conditions. Forward-looking statements are not guarantees of future performance. Instead, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, should not be unduly relied upon.

Actual results may differ materially from those expressed in forward-looking statements as a result of a number of factors, including: Stellantis’ ability to successfully launch new products and maintain vehicle volumes delivered; changes in global financial markets, the general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous driving features; Stellantis’ ability to manufacture or procure electric batteries with competitive performance, price and required quantities; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, interruption or security breach that compromises the information technology systems or electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; cost increases, supply interruptions or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, imposition of global and regional tariffs or tariffs targeting the automotive industry, enactment of tax reforms or other changes in tax laws and regulations; the level of government economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly strict regulations related to requirements for efficient fuel and reduced emissions of greenhouse gases and tailpipes; various types of claims, lawsuits, government investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating costs in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which could increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to underfunding of Stellantis’ defined benefit pension plans; Stellantis’ ability to secure or arrange access to adequate financing for merchants and retail customers and the related risks associated with the operations of financial services companies; Stellantis’ ability to access financing to execute its business plan; Stellantis’ ability to realize the anticipated benefits of the joint venture arrangement; disruptions resulting from political, social and economic instability; risks associated with Stellantis’ relationships with employees, merchants and suppliers; Stellantis’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis’ annual report on Form 20-F for the year ended December 31, 2023 and current reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.

Any forward-looking statements contained in this communication speak only as of the date hereof and Stellantis disclaims any obligation to update or revise any forward-looking public statements. Further information about Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the US Securities and Exchange Commission and the AFM.

• EN-20250116-Stellantis-Q4-2024-Shipments-Estimates

Source: STELLANTIS NV