Stellantis, deliveries -20%. «Impact of latest product launches and inventory discount» | EUROtoday

Listen to the audio model of the article

Consolidated Stellantis shipments within the quarter ended September 30, 2024 have been estimated at 1.148 million items, 20% decrease than the identical interval in 2023. The decline in deliveries was better than that in gross sales to finish prospects within the interval , which decreased by roughly 15%, reflecting the non permanent affect of the transition of the product portfolio and the initiatives to scale back shares within the community. Stock down about 1% after an hour of buying and selling.

«The discount displays stock discount initiatives in addition to the impacts of latest product launches. From the progress on each we anticipate a stronger positioning of the Group for the longer term”, reads the group’s note. Stellantis has begun publishing quarterly estimates of global consolidated deliveries and related commentary on the most significant business trends. The term “deliveries” identifies the volumes of vehicles delivered to the sales network, to distributors or directly by the manufacturer to end customers, both individual and for fleets, which determine the group’s revenues.

In particular, in wider Europe, deliveries from Stellantis factories decreased by approximately 100,000 units (-17% to 496,000 units) compared to the same period last year, due to the postponement of the launch of models based on the Smart Car platform, including the Citroen C3, which began to be delivered to the network in September. Of note, Maserati’s consolidated deliveries fell by 60% to 2,100 units.

The outlook for the launch of new models in Europe is robust with orders for 50,000 units for the new Citroen C3 and 80,000 units for the new Peugeot 3008, for example.

In North America, deliveries decreased by roughly 170,000 items (-36% to 299,000 items), of which over 100,000 items associated to beforehand introduced manufacturing cuts geared toward lowering community stock. The contraction of the product portfolio because of the transition in the direction of new multi-energy gives with a brand new era of merchandise being launched, beginning within the final a part of 2024 with the Dodge Charger Daytona and the Jeep Wagoneer S, additionally had an affect.