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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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.
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