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Stellantis recorded a 14% year-on-year slump in first quarter revenues for 2025 blaming lower vehicle sales volume, a transition of sales from old to new models and price discounting.
Presenting the results, CFO Doug Ostermann also says the uncertainty surrounding this year’s revenues, because of the adverse effects of the U.S. automotive tariffs, means the group will not put forward a business forecast for the rest of 2025.
The world’s fourth-largest automaker group reports revenues of just €35.8 billion ($40.8 billion) compared to €41.7 billion ($47.5 billion) for the same period last year.
Vehicle shipments for the period were down 9% to 1,217,000 units versus 2024 mainly because of lower vehicle production in North America following an extended holiday downtime in January, as well as effects of the transition from older models to new ones and falling light-commercial-vehicle volumes in Enlarged Europe.
New models launched in the period include the Fiat Grande Panda, Opel/Vauxhall Frontera and Citroën C3 Aircross. Refreshed models include the Opel/Vauxhall Mokka, Ram 2500 HD and Ram 3500 HD.
However, the group’s market share in the Enlarged European EU30 markets of 17.3% in the first quarter of 2025, is a rise of 1.9% compared to the last quarter of 2024, thanks to the increased availability since launches late last year of the Citroën C3 and battery-electric ëC3, Peugeot 5008 and Opel/Vauxhall Grandland.
Also, in the period ending March 2025, Stellantis claims leadership in the European hybrid segment and regained the second position in the BEV market with market shares of 15.5% and 13.0%, respectively.
In the U.S., Stellantis says retail sales of the Jeep Grand Cherokee and Compass increased nearly 10%, as did the Ram 1500 and 2500. In March 2025, new retail orders rose 82% compared to March 2024, hitting their highest monthly level since June 2023.
Meanwhile, in South American markets, the group maintains its lead position, with market share of 23.8%, an increase of 1.5% from the last quarter 2024. This is attributed to the improvement of Stellantis brands’ performance in Brazil, Chile and especially Argentina where the market is recovering following the easing of import restrictions.
In terms of the business effects of U.S. President Donald Trump’s tariffs, Ostermann says that while some temporary rollback on auto parts tariffs are very welcome, it is impossible at this stage to predict how Stellantis’ performance in North America will fare this year.