Stellantis reports Q1 2025 revenues down 14%

Stellantis N.V. reported first-quarter 2025 net revenues of €35.8 billion, marking a 14% year-over-year decline. The drop was primarily driven by lower shipment volumes, an unfavourable mix, and price normalisation. Consolidated shipments for the quarter were 1.217 million units, down 9% from Q1 2024, with the downturn largely attributed to reduced North American production following extended January downtime, product transitions, and lower light commercial vehicle (LCV) volumes in Enlarged Europe.

Despite these headwinds, Stellantis emphasised early signs of commercial recovery, citing the successful launch of three all-new vehicles — the Fiat Grande Panda, Opel/Vauxhall Frontera, and Citroën C3 Aircross — along with refreshed versions of the Opel/Vauxhall Mokka and Ram heavy-duty trucks. These efforts contributed to a notable rebound in market share across the EU30, which rose to 17.3% in Q1, up 1.9 percentage points from the previous quarter.

In North America, retail order volumes showed early momentum, bolstered by more than 10% year-on-year growth in retail sales of key models such as the Jeep® Grand Cherokee and Compass, and the Ram 1500 and 2500. March 2025 saw an 82% increase in new retail orders compared to March 2024—the highest monthly total since June 2023.

Stellantis also highlighted the resilience of its “Third Engine” regions. In South America, market share climbed to 23.8% driven by gains in Brazil, Chile, and Argentina. Meanwhile, the Middle East and Africa region continued localising operations to weather import restrictions and unlock future growth.

However, mounting global tariff uncertainties have prompted the automaker to suspend its 2025 financial guidance. Stellantis is actively engaging with policymakers to navigate the evolving trade environment and is adjusting production and sourcing strategies accordingly to mitigate risk.

“North America is at a very early stage, with improvement in retail order intake, while we are seeing sequential improvement in EU30 market share. At the same time, the Company is benefiting from its diverse geographic footprint, as our ‘Third Engine’ regions delivered in Q1 2025 positive year-on-year growth in aggregate.”

Looking ahead, Stellantis continues to invest in innovation. The company introduced its STLA AutoDrive 1.0 system, offering hands-free, eyes-off (SAE Level 3) driving up to 60 km/h. In addition, it has deepened its partnership with Mistral AI to co-develop intelligent in-car assistants powered by natural language AI, part of the broader STLA Brain and SmartCockpit strategy.

Stellantis’ vehicle inventory stood at 1.21 million units as of March 31, 2025—broadly stable versus year-end 2024.

The company also confirmed that the process to appoint a new permanent CEO is well underway and expected to conclude within the first half of 2025.