2024 First Quarter Performance and Stellantis Strategies
The first quarter 2024 results highlight Stellantis’ position in the industry and market dynamics. The company’s net revenue decreased by 2023% compared to the same period in 14, to €35,8 billion. This decline is due to several factors. First, the decline in revenues was driven by lower volumes, an unfavorable regional product mix, and normalization of prices. Consolidated deliveries also decreased by 9% to 1 units.
Production Interruptions and Market Impacts
Production disruptions due to the January holiday led to lower production in North America. In addition, the impact of expanded product changes and lower HTA volumes in Europe contributed to lower deliveries. This is a significant factor affecting Stellantis' market share.
New Products and Market Developments
Stellantis in the first quarter of the year 2025 launched its new products planned for . Among these new products are Fiat Grande Panda, Opel/Vauxhall Frontera ve Citroen C3 Aircross Also, the renewed Opel/Vauxhall Mokka, Ram 2500 HD ve Ram 3500 HD AB30 market share was at 17,3% as of the first quarter, but it increased by 1,9 percentage points compared to the fourth quarter of last year, thanks to increased production and increased availability.
Successes in the Hybrid Segment
Stellantis became the market leader in the hybrid segment in the first quarter of the year. In the BEV market, it ranked second with 15,5% and 13% market shares, respectively. Its performance in the US retail market increased by more than 1500%, thanks to strong sales of the Jeep Grand Cherokee, Compass and Ram 2500 and 10 models. This increase was supported by increased equipment levels of light-duty truck models and the successful launch of redesigned heavy-duty trucks.
Increase in Retail Orders
In March, new retail orders increased by 82% compared to the same month last year, reaching the highest level since June 2023. This shows the company's stability in the market and its growth potential. In addition, it maintains its leading position in South America with a 23,8% market share, an increase of 2024 points compared to the fourth quarter of 1,5.
Customs Duty Measures and Management Strategies
In response to the tariff measures, Stellantis aims to protect the company and ensure the sound implementation of policies by working closely with the relevant administrations. The administration is taking various measures to adjust production plans and identify opportunities to improve supply processes. As of March 31, a total inventory of 1 million 210 thousand new vehicles is being managed in accordance with December 31, 2024.
Dividend Per Share and the Executive Board Process
The ordinary dividend of €0,68 per share will be distributed following approval at the AGM. In addition, the appointment of Stellantis' new permanent Chief Executive Officer is in full swing and is expected to be completed in the first half of the year.
Financial Developments and Future Prospects
Stellantis CFO Doug Ostermann noted that revenue results for the first quarter of 2025 were below the previous year’s level, while other KPIs reflected the initial progress of economic recovery efforts. While the North American market is still in the early stages of recovery, a significant increase in retail orders is observed. He also added that they are seeing a steady improvement in market share in the EU30 region.
In conclusion, Stellantis' strategies and market performance play an important role in the company's future growth targets. Successful implementation of these strategies will strengthen the company's position in the industry and continue to provide competitive advantage.
