Stellantis N.V. has released its financial and operational results for the first quarter of 2025
Stellantis N.V. has released its financial and operational results for the first quarter of 2025, reporting net revenues of €35.8 billion, reflecting a 14% decline compared to Q1 2024. The decrease in revenue is attributed largely to lower overall shipment volumes, unfavorable regional sales mix, and price normalization across several markets.
Q1 2025 Shipments Overview
For the three months ending March 31, 2025, consolidated shipments totaled 1,217,000 units, marking a 9% decline versus the same period in the previous year. The primary driver of this drop was reduced production in North America, which was impacted by extended holiday downtime in January. In addition, ongoing product transitions and lower light commercial vehicle (LCV) volumes in the Enlarged Europe region further contributed to the contraction.
Commercial Recovery and Product Launches
Despite the challenging quarter, Stellantis advanced its commercial recovery strategy with the launch of three all-new models slated for 2025: the Fiat Grande Panda, Opel/Vauxhall Frontera, and the Citroën C3 Aircross. In addition to new vehicle introductions, the company brought refreshed versions of the Opel/Vauxhall Mokka, Ram 2500 HD, and Ram 3500 HD to market.
These product launches positively influenced market share gains, particularly in the EU30 region. Stellantis achieved a 17.3% market share in Q1 2025, an increase of 1.9 percentage points from Q4 2024. This growth was largely driven by expanded availability and ramp-up of late 2024 launches, including the Citroën C3/ëC3, Peugeot 5008, and Opel/Vauxhall Grandland.
The strategic introduction of B-segment vehicles such as the Citroën C3 Aircross, Opel/Vauxhall Frontera, and Fiat Grande Panda positions Stellantis for potential shipment increases in upcoming quarters. Notably, Stellantis also claimed leadership in the hybrid vehicle segment with a 15.5% market share, while regaining second place in the battery electric vehicle (BEV) category with a 13.0% share.
Performance in the United States
In the U.S. market, Stellantis demonstrated stabilization in retail share, highlighted by more than 10% year-over-year growth in retail sales of the Jeep® Grand Cherokee and Compass, as well as the Ram 1500 and 2500. The company expects continued improvement driven by broader availability of light-duty truck trims, the successful launch of its refreshed heavy-duty truck lineup, and intensified sales and marketing initiatives.
Notably, new retail orders in March 2025 surged by 82% compared to March 2024, reaching the highest monthly level since June 2023. This surge in demand underscores increasing consumer confidence and the effectiveness of Stellantis’ renewed retail strategies.
Strong Momentum in Growth Markets
Stellantis’ “Third Engine” strategy, which focuses on growth outside of its traditional strongholds, continued to show robust results. In South America, the company retained its market leadership, increasing its market share to 23.8%, up 1.5 percentage points from Q4 2024. This performance was buoyed by gains in Brazil, Chile, and especially Argentina, where market conditions are rebounding as import restrictions ease.
In the Middle East & Africa region, although some countries continue to face import limitations, Stellantis is pursuing localization efforts aimed at mitigating these challenges. These efforts are expected to support volume growth across several markets over the medium term.
Navigating Global Trade Dynamics
Stellantis is actively responding to global tariff actions and policy shifts to safeguard its business operations. The company remains engaged with government stakeholders worldwide to help shape balanced and informed trade regulations. Concurrently, management is adjusting production plans and exploring enhanced sourcing opportunities to remain agile in the face of evolving trade landscapes.
Driving Innovation and Technological Advancement
Innovation remains a cornerstone of Stellantis’ long-term strategy. In Q1 2025, the company introduced STLA AutoDrive 1.0, its proprietary automated driving system featuring SAE Level 3 capabilities. This system enables hands-free and eyes-off driving at speeds of up to 60 km/h (37 mph), marking a significant milestone in the company’s journey toward vehicle autonomy.
STLA AutoDrive complements Stellantis’ broader technology ecosystem, which includes STLA Brain—its central computing architecture—and STLA SmartCockpit, designed to enhance user experience through intelligent connectivity. These platforms collectively position Stellantis at the forefront of next-generation mobility solutions.
Furthermore, Stellantis deepened its collaboration with Mistral AI during the quarter. This expanded partnership aims to integrate cutting-edge artificial intelligence into both vehicle development and in-car user interfaces. Among the most promising innovations is an AI-powered in-car assistant capable of natural language interaction, offering drivers a seamless and intuitive interface with their vehicles.
Although Q1 2025 presented a series of headwinds, Stellantis remains committed to its transformation journey. With a refreshed product portfolio, strategic market positioning, and a robust innovation pipeline, the company is poised to strengthen its performance in the coming quarters. Management continues to focus on balancing short-term execution with long-term value creation, supported by a disciplined approach to operations, investment in technology, and responsiveness to market dynamics.
