Stellantis reports a 27% revenue dip in Q3 2024 due to inventory cuts and model transitions, reaffirming 2024 guidance amid a major new product lineup and BEV growth. Stellantis reports a 27% revenue dip in Q3 2024 due to inventory cuts and model transitions, reaffirming 2024 guidance amid a major new product lineup and BEV growth.

Stellantis Reports Q3 Revenue Drop Amid Inventory Cuts and Product Transformation

Stellantis reports a 27% revenue dip in Q3 2024 due to inventory cuts and model transitions, reaffirming 2024 guidance amid a major new product lineup and BEV growth.

Stellantis reported a 27% decline in net revenues for Q3 2024, driven by a 20% drop in shipments, strategic inventory reductions, and planned model transitions. This decrease reflects the automaker’s shift toward a revitalized lineup, with Stellantis reiterating its full-year financial guidance amid these ongoing transformations.

Consolidated shipments for the quarter totaled 1,148,000 units, down by 279,000 units year-over-year. Production gaps affected certain models as the company launched an ambitious new product blitz featuring 20 models in 2024, spanning hybrids, BEVs, and gasoline options.

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Stellantis reports a 27% revenue dip in Q3 2024 due to inventory cuts and model transitions, reaffirming 2024 guidance amid a major new product lineup and BEV growth.
Stellantis Reports Q3 Revenue Drop Amid Inventory Cuts and Product Transformation.

Inventory reductions are on target, with North American dealer inventory down by over 80,000 units since June, and a 100,000-unit reduction expected by the end of November.

The Q3 lineup included notable additions like the all-electric Citroën ë-C3 and Alfa Romeo Junior, both garnering strong order volumes. With over 50,000 orders for the C3 alone, Opel’s product reception has been solid, supporting Stellantis’ multi-energy approach. U.S.

launches for the all-electric Dodge Charger Daytona, Jeep Wagoneer S, and Ram 1500 REV are slated soon, complemented by the recent European debut of Leapmotor International’s D-segment SUV C10.

With 40 BEV models projected in Europe by year-end, Stellantis is expanding electrification, leveraging flexible platforms like STLA to meet varied regional demands. Recent battery partnerships aim to boost performance and sustainability, positioning Stellantis as a competitive force in global electrification.

Source: Stellantis Q3 2024 Revenue Decline Amid Product Upgrades and Inventory Reduction; Full-Year Guidance Unchanged

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