Stellantis Reports Q4 2024 Consolidated Shipment Estimates
Stellantis (STLA) reported Q4 2024 consolidated shipments of approximately 1,395 thousand units, marking a 9% year-over-year decline, an improvement from Q3's -20% decline. The company's underlying sales performance was approximately -5%.
In North America, Q4 shipments fell 28% (115,000 units) year-over-year, with U.S. dealer inventory reducing by ~80K units to just over 300K units. Enlarged Europe saw a 6% shipment decline in Q4, improving from Q3's -17%, supported by the Citroën C3/ë-C3 launch, which received over 90K orders. The STLA Medium platform vehicles accumulated over 140K orders.
The company's 'Third Engine' regions showed 5% growth, driven by South America's 12% increase and stable Middle East & Africa performance, offsetting declines in China and India & Asia Pacific regions.
Stellantis (STLA) ha riportato per il quarto trimestre del 2024 spedizioni consolidate di circa 1.395 mila unità, segnando un calo del 9% rispetto all'anno precedente, un miglioramento rispetto al calo del -20% del terzo trimestre. La performance di vendita sottostante dell'azienda è stata circa -5%.
Nel Nord America, le spedizioni del quarto trimestre sono diminuite del 28% (115.000 unità) rispetto all'anno precedente, con l'inventario dei concessionari statunitensi che è sceso di circa 80.000 unità, superando di poco le 300.000 unità. L' Europa allargata ha visto un calo delle spedizioni del 6% nel quarto trimestre, migliorando rispetto al -17% del terzo trimestre, supportata dal lancio della Citroën C3/ë-C3, che ha ricevuto oltre 90.000 ordini. I veicoli della piattaforma Media STLA hanno accumulato oltre 140.000 ordini.
Le regioni 'Third Engine' dell'azienda hanno mostrato una crescita del 5%, trainata da un aumento del 12% in Sud America e da performance stabili nel Medio Oriente e in Africa, compensando i cali nelle regioni di Cina e India & Asia Pacifico.
Stellantis (STLA) informó que durante el cuarto trimestre de 2024 las entregas consolidadas alcanzaron aproximadamente 1,395 mil unidades, marcando una disminución del 9% en comparación con el año anterior, mejorando respecto a la caída del -20% del tercer trimestre. El rendimiento subyacente de ventas de la compañía fue aproximadamente del -5%.
En América del Norte, las entregas del cuarto trimestre cayeron un 28% (115,000 unidades) en comparación con el año anterior, con el inventario de concesionarios en EE.UU. reduciéndose en ~80K unidades, quedando poco más de 300K unidades. Europa ampliada vio una disminución del 6% en las entregas del cuarto trimestre, mejorando desde el -17% del tercer trimestre, apoyada por el lanzamiento del Citroën C3/ë-C3, que recibió más de 90K pedidos. Los vehículos de la plataforma STLA Medium acumularon más de 140K pedidos.
Las regiones de la compañía denominadas 'Third Engine' mostraron un crecimiento del 5%, impulsado por un aumento del 12% en América del Sur y un rendimiento estable en Medio Oriente y África, compensando las caídas en China e India y en la región de Asia-Pacífico.
스텔란티스 (STLA)는 2024년 4분기 consolidated shipments가 약 139만 5천 대에 달했다고 보고하며, 이는 전년 대비 9% 감소한 수치로, 3분기의 -20% 감소에서 개선된 결과입니다. 회사의 기초 판매 성과는 약 -5%로 나타났습니다.
북미에서는 4분기 동안 배송량이 전년 대비 28% 감소하여 (11만 5천 대), 미국의 딜러 재고가 약 8만 대 줄어들어 30만 대를 조금 넘는 수준이 되었습니다. 유럽 확대 지역에서는 4분기 배송량이 6% 감소하며, 3분기 -17%보다 개선되었으며, 이는 Citroën C3/ë-C3의 출시로 지원받았고, 9만 대 이상의 주문을 받았습니다. STLA Medium 플랫폼 차량은 14만 대 이상의 주문을 누적했습니다.
회사의 '제3의 엔진' 지역은 5% 성장했습니다. 이는 남미의 12% 증가와 중동 및 아프리카 지역의 안정적인 성과에 의해 주도되었으며, 중국 및 인도와 아시아 태평양 지역의 감소를 상쇄했습니다.
Stellantis (STLA) a rapporté pour le quatrième trimestre 2024 des expéditions consolidées d'environ 1 395 mille unités, marquant une diminution de 9 % par rapport à l'année précédente, ce qui est une amélioration par rapport à la diminution de -20 % du troisième trimestre. La performance sous-jacente des ventes de l'entreprise était d'environ -5 %.
En Amérique du Nord, les expéditions du quatrième trimestre ont chuté de 28 % (115 000 unités) par rapport à l'année précédente, l'inventaire des concessionnaires aux États-Unis ayant diminué de ~80K unités pour atteindre un peu plus de 300K unités. L' Europe élargie a vu une diminution des expéditions de 6 % au quatrième trimestre, s'améliorant par rapport à la baisse de -17 % du troisième trimestre, soutenue par le lancement de la Citroën C3/ë-C3, qui a reçu plus de 90K commandes. Les véhicules de la plateforme STLA Medium ont accumulé plus de 140K commandes.
Les régions 'Third Engine' de l'entreprise ont montré une croissance de 5 %, soutenue par une augmentation de 12 % en Amérique du Sud et des performances stables au Moyen-Orient et en Afrique, compensant les baisses observées en Chine et en Inde et dans les régions Asie-Pacifique.
Stellantis (STLA) berichtete im 4. Quartal 2024 von konsolidierten Auslieferungen von etwa 1.395 Tausend Einheiten, was einem Rückgang von 9% im Vergleich zum Vorjahr entspricht, jedoch eine Verbesserung gegenüber dem Rückgang von -20% im 3. Quartal darstellt. Die zugrunde liegende Verkaufsentwicklung des Unternehmens lag bei etwa -5%.
In Nordamerika fielen die Auslieferungen im 4. Quartal um 28% (115.000 Einheiten) im Jahresvergleich, wobei die Lagerbestände der Händler in den USA um etwa 80.000 Einheiten auf etwas über 300.000 Einheiten sanken. Erweiterte Europa verzeichnete einen Rückgang der Auslieferungen um 6% im 4. Quartal, was eine Verbesserung gegenüber dem Rückgang von -17% im 3. Quartal darstellt, unterstützt durch die Einführung des Citroën C3/ë-C3, der über 90.000 Bestellungen erhielt. Die Fahrzeuge der STLA Medium-Plattform sammelten über 140.000 Bestellungen.
Die Regionen des Unternehmens, die als 'Third Engine' bezeichnet werden, zeigten ein Wachstum von 5%, angetrieben durch einen Anstieg von 12% in Südamerika und stabilen Leistungen im Nahen Osten und Afrika, was die Rückgänge in den Regionen China sowie Indien und Asien-Pazifik ausglich.
- Improvement in shipment decline from -20% in Q3 to -9% in Q4 2024
- Strong order book with 90K+ orders for Citroën C3/ë-C3
- 140K+ orders for STLA Medium platform vehicles
- 12% shipment growth in South America
- Successful completion of U.S. inventory reduction initiative
- 9% overall decline in Q4 2024 consolidated shipments
- 28% shipment decline in North America
- 6% shipment decline in Enlarged Europe
- Shipment declines in China and India & Asia Pacific regions
Insights
The Q4 2024 shipment data reveals critical insights into Stellantis' operational dynamics. The 9% year-over-year decline in consolidated shipments to 1,395,000 units represents an improvement from Q3's steeper 20% decline, signaling a strategic transition phase rather than fundamental weakness.
The North American market's 28% shipment decline (approximately 115,000 fewer units) reflects a deliberate inventory management strategy. The reduction to just over 300,000 units in U.S. dealer inventory positions the company for a more efficient product launch cycle in 2025. This lean inventory approach should improve pricing power and reduce carrying costs.
In Enlarged Europe, the 6% shipment decline shows marked improvement from Q3's 17% decline. The strong order book of 90,000 units for C3/ë-C3 and 140,000 units for STLA Medium platform vehicles indicates robust demand for new products. The "Third Engine" markets' 5% growth, driven by South America's 12% increase, demonstrates geographical diversification benefits.
The shipment data indicates a strategic portfolio transition rather than market share erosion. The divergence between shipments (-9%) and sales (-5%) suggests inventory optimization rather than demand weakness. The successful inventory reduction in North America, combined with strong order books in Europe, positions Stellantis for improved market dynamics in 2025.
The B-segment product gap in Europe is being addressed through a cascade of launches, including the Citroën C3/ë-C3, MHEV variants and upcoming multi-energy offerings. This product offensive targets a important market segment and should help recover market share. The strong initial orders for new models validate the company's product strategy and suggest potential market share gains in 2025.
Stellantis Reports Q4 2024 Consolidated Shipment Estimates
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AMSTERDAM, January 16, 2025 – Stellantis N.V. today published global quarterly consolidated shipment estimates and provided commentary on related business trends. The term shipments describes volumes of vehicles delivered to our dealers, distributors, or directly from the Company to retail and fleet customers, which directly drive revenue recognition.
Consolidated shipments for the three months ending December 31, 2024, were an estimated 1,395 thousand units, representing a
- In North America, Q4 shipments declined approximately 115 thousand units vs the same period in 2023, representing a
28% y-o-y decline, in contrast to a more modest sales decline of5% y-o-y. The larger decline in shipments reflected inventory reduction initiatives, where production discipline combined with incentive actions resulted in a ~80K units decrease of the U.S. dealer inventory compared to the end of the Q3, ending the period just over 300K units. The normalization of the U.S. dealer inventory puts the Company in a strong position to support the arrival of new products in 2025 from Jeep, Ram and Dodge. - In Enlarged Europe, the
6% y-o-y shipment decline in Q4 was strongly reduced compared to Q3 (-17% y-o-y) as a temporary gap in certain B-segment offerings was substantially 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 Grande Panda offerings. The initial European product launches of Stellantis’ next-generation product wave is seeing a promising start, with orders received for over 90K units for the Citroën C3/ë-C3, and over 140K units for the initial STLA Medium platform Peugeot 3008, Peugeot 5008 and Opel Grandland. - In Stellantis’ “Third Engine”(2), shipments grew by
5% driven by a12% increase in South America and a stable Middle East & Africa, more than offsetting shipment declines in China and India & Asia Pacific. South America shipments were supported by a stronger industry demand in all main markets and an ongoing production recovery following the Rio Grande do Sul flooding. Middle East & Africa shipments were stable, reflecting improvement in Turkey, Morocco, Egypt and Tunisia, mostly offset by the impact of temporary import restrictions in Algeria.
(1) Consolidated shipments only include shipments by Company’s consolidated subsidiaries, which represent new vehicles invoiced to third party (dealers/importers or final customers).
Consolidated shipment volumes for Q4 2024 presented here are unaudited and may be adjusted. Final figures will be provided in our official revenue/shipments report. Analysts should interpret these numbers with the understanding that they are preliminary and subject to change.
(2) The “Third Engine” refers to the aggregation of the South America, Middle East & Africa and China and India & Asia Pacific segments for presentation purposes only.
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About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.
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Stellantis Forward Looking Statements
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Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, 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 characteristics; Stellantis’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; Stellantis’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis’ ability to access funding to execute its business plan; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis’ relationships with employees, dealers 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.
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