stellantis made known the consolidated delivery estimates for the fourth quarter of 2024, which amount to 1.395.000 unit. Although yes record a 9% drop compared to the same period in 2023, the contraction is less marked than the -20% of the previous quarter. The company attributes this improvement to the completion of inventory reduction actions and the launch of new products in Europe, which alleviated temporary shortages of some models.
Deliveries, defined as the volume of vehicles delivered to the network, distributors or directly to end customers and fleets, are a key indicator of Stellantis revenue. The 9% decline mirrors the 5% year-over-year decline in underlying sales.
Stellantis: sales weighed by the collapse in North America, -28%
In North America, deliveries are decreased by approximately 115 thousand units in the fourth quarter compared to the same period of 2023, marking a 28% drop year-on-year. The decline in sales was, however, more contained (-5%), demonstrating the effectiveness of the inventory reduction initiatives adopted by the company. Thanks to disciplined production and incentive measures, inventory at the network in the United States was reduced by approximately 80 thousand units, closing the quarter with just over 300 thousand vehicles available.
This normalization of inventories puts Stellantis in a favorable position for 2025when they come new models launched Jeep, Ram and Dodge, designed to meet market expectations and strengthen the company's offering.
Europe: Limited drop thanks to the new Citroën C3/ë-C3
In Europe, the drop in deliveries reduced to 6% on an annual basis in the fourth quarter, marking a marked improvement compared to -17% recorded in the previous quarter. This result was supported by the launch of the new Citroën C3/ë-C3, which has alleviated the difficulties related to the shortage of models in the B segment.
The success of the Citroën C3/ë-C3 is demonstrated by the over 90 thousand orders received, consolidating Stellantis' position in the European market. Soon, further strategic models of the B segment will debut on the market, including the Citroën C3 MHEV, the Citroën C3 Aircross, the Opel Frontera and the Fiat Grande Panda, the latter offered in hybrid and electric versions. Vehicles based on the STLA Medium platform, such as the Peugeot 3008, Peugeot 5008 and Opel Grandland, have also been successful, with over 140.000 orders in total.
Stellantis: the “third engine” grows
Va bucking, instead, the so-called “third engine” of Stellantis, which includes South America, Middle East and Africa who registered a overall increase in deliveries by 5% in the fourth quarter. Growth was driven by a 12% increase in South America and a stable situation in the Middle East and Africa markets, factors that offset the decline observed in China, India and Asia Pacific.
In South America, the sector demand has strengthened in key markets, also supported by the recovery of production following the flooding that had hit Rio Grande do Sul. In the Middle East and Africa markets, improvements recorded in countries such as Turkey, Morocco, Egypt and Tunisia offset the effects of temporary import restrictions in Algeria.
