The group, which includes brands such as Citroen, Peugeot, and Fiat, attributed this reduction “to a lower volume, an adverse regional mix, and the normalization of prices.”
The number of vehicles delivered fell 9%, to 1.335 million, which Stellantis explained was “primarily due to low production in North America, resulting from an extended holiday period,” as well as a decrease in certain products, such as light commercial vehicles in Europe.
The group maintains 1.21 million vehicles in inventory—between the manufacturer and dealers—at the end of March this year, “in line with December 31, 2024.”
To recover commercial performance, Stellantis launched three new vehicles in the first months of the year.
In the document, Stellantis also stated that it would suspend its forecasts for 2025 “due to uncertainties related to trade tariffs” imposed by the United States on automobile imports.
“Despite the main results of the first quarter being below the levels of other years, other key indicators reflect early progress in our commercial recovery efforts,” noted Stellantis’ CFO, Doug Ostermann, in the statement.
Stellantis, which brings together 14 brands in Europe and America, such as Fiat, Citroen, Peugeot, Opel, Chrysler, and Jeep, achieved profits of 5.520 million euros in 2024, compared to 18.625 million euros the previous year.
The United States imposed a 10% customs duty on all products entering the country. Prior to this, President Donald Trump had already applied a 25% tax on steel, aluminum, and automobiles.
On Tuesday, Trump signed an executive order aimed at preventing automakers manufacturing in the United States from having to pay multiple tariffs on imported vehicles and parts.
As a result, manufacturers will be exempt from paying other customs taxes, such as those on steel or aluminum.
