There is no peace for StellantisThe first quarter of 2025 closes with a negative balance for the group led by John Elkann, which records a new downturn in global deliveries while thinking back to the own production strategy and commercial. A context made even more complex by the tightening of US duties which most affect the automotive sector.
According to preliminary estimates, the consolidated deliveries they stand at around 1,2 million unitsin 9% decrease compared to the same period in 2024. The main factor that weighs is the North America, where a 20% drop was recorded while in theEnlarged Europe the decline is 8%.
The causes of the slowdown
The reduction in deliveries was caused by several factors. In North America, the decline – equal to approximately 82 thousand units – was mainly attributed to the lower production in January, thanks to a long period of holidays. In Greater Europe, the contraction (about 47 thousand units) is linked for two thirds to the failure to launch new models in segments A and B, replacing those that went out of production in 2024, and for a third drop in light commercial vehicle volumes (LCV).
Un positive signal but it comes from market share in the EU30 area, up to 17,3%, up 1,9 percentage points compared to the last quarter of 2024. A result that reflects the favorable impact of new launches, including Citroën C3 Aircross, Opel Frontera and Fiat Grande Panda. Big Panda that still It is not mass-produced in Serbia, due to delays in the supply of essential components for hybrid powertrains. Overall, Stellantis highlights “progress on the commercial side” thanks to a renewed range that has stimulated order intake and helped normalize stock levels in the distribution network.
Emerging markets bucking the trend
Against the current theEmerging Markets Trends. The "Third Engine” – which includes South America, the Middle East, Africa, China, India and Asia-Pacific – recorded a aggregate increase in deliveries of 4%. The main driving force is the South America, up 19%, thanks to solid demand in Brazil and Argentina.
The trend in the Middle East and Africa is more critical (-15%), where import restrictions in Algeria, Tunisia and Egypt weigh heavily, and in the Asian area, which marks a 20% drop.
Usa: lights and shadows. Jeep holds, Maserati sinks
Despite the overall decline, the US market offered some positive ideas. Jeep Compass, Grand Cherokee and Ram 1500/2500 pickups recorded volume increases greater than 10% compared to the first quarter of 2024. In March 2025, retail order intake reached its highest level since July 2023.
A whole different story for MaseratiThe group's luxury brand has Only 1.700 units delivered in the quarter, marking a 48% drop on an annual basis. A crisis that is now structural, fueled by the weakness of the premium segment and delays in the launch of an updated range.
The brand's leadership has been entrusted to Saint Ficilli, already CEO of Alfa Romeo. By June he is an official recovery plan is expected. Meanwhile, President Elkann has entrusted consulting firm McKinsey with a mandate to redefine the strategy of both Maserati and Alfa Romeo, also in light of the impact of the new protectionist measures of the United States.
Production halt in Poland: Stellantis revises Leapmotor strategy
In a further sign of reorganization, Stellantis announced the stop to production of Leapmotor T03 electric city car at the Tychy plant in Poland, starting from March 30th. The future of the model in Europe is now uncertain, while production will continue exclusively in China, where a new version will be launched starting in 2026.
Il focus will shift to the Leapmotor B10, an electric SUV that will be assembled in Zaragoza, in Spain, starting from the first quarter of 2026. The decision to abandon Poland – according to some sources – could have been influenced by geopolitical pressuresBeijing has reportedly discouraged investment in countries that favor tariffs on Chinese products, including Poland.
Stellantis down at Piazza Affari: the stock drops over 5%
The negative indications on deliveries have had a immediate impact on the market: Stellantis title scores a sharp drop in Piazza Affari, leaving more than 5,5% on the ground, making it the worst blue chip of the session.
