fbpx
Stellantis
Trending

Stellantis Q3 2024 Shipments Decline Amid Inventory Cuts

Inventory Reductions And New Models Shape Quarterly Results...

Stellantis has released its preliminary consolidated shipment estimates for the third quarter of 2024, outlining key trends and strategic moves as the company navigates a period of product transitions and inventory adjustments. These estimates provide insight into the automaker’s global performance, highlighting a temporary decline in shipments while pointing to potential growth in the near future.

Shipment Decline Reflects Strategic Adjustments – 

For the three months ending September 30, 2024, Stellantis’ consolidated shipments were estimated at 1.148 million units, representing a 20% drop compared to the same period in 2023. The term “shipments” here refers to the volume of vehicles delivered to dealers, distributors, or directly to customers—numbers that directly impact Stellantis’ revenue. The decline in shipments exceeded the estimated 15% decrease in sales during this time, due to the company’s deliberate efforts to lower dealer inventories and adjust its product lineup.

North America: Focus on Inventory Reduction and New Product Transition – 

2024 Dodge Charger Daytona Scat Pack Stage 2. (Dodge).

In North America, Stellantis saw an estimated shipment decline of about 170,000 units, with over 100,000 units attributed to planned production cuts aimed at reducing dealer inventories. This strategy is part of Stellantis’ efforts to streamline its supply chain and prepare for the introduction of new models. The company is gearing up for significant product launches starting in late 2024, such as the controversial Dodge Charger Daytona and the Jeep® Wagoneer S, which are expected to drive future growth.

Despite the dip in shipments, Stellantis reported an encouraging trend in U.S. market share, which increased month over month during the third quarter—from 7.2% in July, to 7.9% in August, and reaching 8.0% in September. Additionally, U.S. inventory levels were reduced by 50,000 units (an 11.6% decrease) compared to the end of the previous quarter, indicating progress in aligning supply with market demand.

European Market Adjustments: Delayed Launches Affect Shipments – 

2024 Citroën C3 Aircross. (Citroën).

In Europe, Stellantis faced a reduction in shipments of around 100,000 units year-over-year. This was primarily due to delays in launching new models based on its Smart Car platform. For example, the new Citroën C3 only began shipping in September, impacting overall volumes for the quarter. However, Stellantis is optimistic about the outlook for its new European products. Early demand is strong, with pre-orders reaching 50,000 units for the Citroën C3 and 80,000 units for the all-new Peugeot 3008.

These new models are expected to help Stellantis regain momentum in the European market as they become more widely available in the coming months.

Mixed Results in the “Third Engine” Markets – 

2024 Jeep® Grand Cherokee L Launch in Egypt. (Jeep).

Stellantis refers to its operations in South America, Middle East & Africa, and China and India & Asia Pacific collectively as the “Third Engine.” In this region, overall shipments remained flat year-over-year, with increases in South American shipments balancing out declines in other areas, such as the Middle East & Africa and China. This stability suggests that while some markets face challenges, Stellantis is maintaining a steady presence in the region.

Preparing for Future Growth – 

2024 Jeep® Wagoneer S Launch Edition. (Jeep).

Stellantis’ Q3 2024 shipment estimates are a reflection of the company’s strategic priorities, including managing dealer inventories and preparing for the introduction of new multi-energy vehicles. As Stellantis transitions its product lineup to include more electric and hybrid models, the company expects that these efforts will lay a foundation for stronger performance in upcoming quarters.

While the current shipment figures are preliminary and subject to revision, they provide a snapshot of how Stellantis is managing short-term challenges while setting the stage for future growth. Finalized shipment data, along with detailed revenue information, will be released in the company’s official Q3 2024 report.

Robert S. Miller

Robert S. Miller is a diehard Mopar enthusiast who lives and breathes all that is Mopar. The Michigander is not only the Editor for MoparInsiders.com, 5thGenRams.com, and HDRams.com but an automotive photographer. He is an avid fan of offshore powerboat racing, which he travels the country to take part in.

Related Articles

Loading new replies...

I know it looks bad right now but I have a little hint of faith that the Mopar brands will be okay once Carlos is out of the picture and the North American Market can really get back into the swing of things with the new platforms and the hurricane engines. I went to a local aftermarket spot and found out (Yeah I'm a little late to the party) that there are already companies out there tuning the Hurricane engine and making some impressive gains. JB4 is advertising "up to 104whp" with just their tune on the Wagoneer and Grand Wagoneer and Stainless Works has a very decent exhaust system for the Ram 1500 out already so the aftermarket is truly embracing the new performance powertrain from Stellantis and making it better. Just simple math of calculated drivetrain loss, a 420hp Hurricane S.O may make about 382hp to the ground. Add 104hp and you're looking at 486hp to the ground, which roughly equates to 535hp to the crank, just 15hp shy of the 550hp Hurricane H.O. That same equation for the 550hp Hurricane 3.0L I-6 TT puts stock HP to the wheels at 500hp, add the 104hp and you're looking at roughly 604hp to the wheels or round about 664hp to the crank. Granted the site says "up to 104hp to the wheels" so yes those are max numbers, but if just a tune can do that and that can be done to the upcoming Charger six pack cars, there should be no qualms about anything. That's just a tune on a stock engine. that's no bolt ons or anything else. Make no mistake, that's impressive! When you look at it that way, this shows us just how capable some of these new Mopar vehicles are going to be when they come out with the Hurricane Six. As it stands, The Ram 1500 and Wagoneer are showing that they are impressive on the STLA: Frame Platform, but how insane will that be on the STLA Large platform with potential hurricane-6 powered vehicles being none other than the new Charger, the Durango-replacing Stealth SUV, the Wagoneer S and even the Jeep Recon. While this EV stuff may be a costly mistake, I think Stellantis can regroup a large portion of their losses with the next-gen ICE performance options and even some Direct Connection assistance along with these new vehicles.

Reply Like

click to expand...

I know it looks bad right now but I have a little hint of faith that the Mopar brands will be okay once Carlos is out of the picture and the North American Market can really get back into the swing of things with the new platforms and the hurricane engines. I went to a local aftermarket spot and found out (Yeah I'm a little late to the party) that there are already companies out there tuning the Hurricane engine and making some impressive gains. JB4 is advertising "up to 104whp" with just their tune on the Wagoneer and Grand Wagoneer and Stainless Works has a very decent exhaust system for the Ram 1500 out already so the aftermarket is truly embracing the new performance powertrain from Stellantis and making it better. Just simple math of calculated drivetrain loss, a 420hp Hurricane S.O may make about 382hp to the ground. Add 104hp and you're looking at 486hp to the ground, which roughly equates to 535hp to the crank, just 15hp shy of the 550hp Hurricane H.O. That same equation for the 550hp Hurricane 3.0L I-6 TT puts stock HP to the wheels at 500hp, add the 104hp and you're looking at roughly 604hp to the wheels or round about 664hp to the crank. Granted the site says "up to 104hp to the wheels" so yes those are max numbers, but if just a tune can do that and that can be done to the upcoming Charger six pack cars, there should be no qualms about anything. That's just a tune on a stock engine. that's no bolt ons or anything else. Make no mistake, that's impressive! When you look at it that way, this shows us just how capable some of these new Mopar vehicles are going to be when they come out with the Hurricane Six. As it stands, The Ram 1500 and Wagoneer are showing that they are impressive on the STLA: Frame Platform, but how insane will that be on the STLA Large platform with potential hurricane-6 powered vehicles being none other than the new Charger, the Durango-replacing Stealth SUV, the Wagoneer S and even the Jeep Recon. While this EV stuff may be a costly mistake, I think Stellantis can regroup a large portion of their losses with the next-gen ICE performance options and even some Direct Connection assistance along with these new vehicles.

I have heard some interesting things going on behind the scenes, including whom they have been talking to about maybe being the next CEO. If its true, the company should be able to recover. But I am with you; cost-cutting Carlos needs to be gone first.

Reply 2 Likes

click to expand...

I know it looks bad right now but I have a little hint of faith that the Mopar brands will be okay once Carlos is out of the picture and the North American Market can really get back into the swing of things with the new platforms and the hurricane engines. I went to a local aftermarket spot and found out (Yeah I'm a little late to the party) that there are already companies out there tuning the Hurricane engine and making some impressive gains. JB4 is advertising "up to 104whp" with just their tune on the Wagoneer and Grand Wagoneer and Stainless Works has a very decent exhaust system for the Ram 1500 out already so the aftermarket is truly embracing the new performance powertrain from Stellantis and making it better. Just simple math of calculated drivetrain loss, a 420hp Hurricane S.O may make about 382hp to the ground. Add 104hp and you're looking at 486hp to the ground, which roughly equates to 535hp to the crank, just 15hp shy of the 550hp Hurricane H.O. That same equation for the 550hp Hurricane 3.0L I-6 TT puts stock HP to the wheels at 500hp, add the 104hp and you're looking at roughly 604hp to the wheels or round about 664hp to the crank. Granted the site says "up to 104hp to the wheels" so yes those are max numbers, but if just a tune can do that and that can be done to the upcoming Charger six pack cars, there should be no qualms about anything. That's just a tune on a stock engine. that's no bolt ons or anything else. Make no mistake, that's impressive! When you look at it that way, this shows us just how capable some of these new Mopar vehicles are going to be when they come out with the Hurricane Six. As it stands, The Ram 1500 and Wagoneer are showing that they are impressive on the STLA: Frame Platform, but how insane will that be on the STLA Large platform with potential hurricane-6 powered vehicles being none other than the new Charger, the Durango-replacing Stealth SUV, the Wagoneer S and even the Jeep Recon. While this EV stuff may be a costly mistake, I think Stellantis can regroup a large portion of their losses with the next-gen ICE performance options and even some Direct Connection assistance along with these new vehicles.

I’m afraid by the time Carlos is out, the company would be in a far worse shape than now.
If he thinks an all electric Wagoneer S and Recon without an ICE version, in any shape or form, will be successful, he is wasting the company’s resources.
But I agree Hurricane-6 has potential and we have been saying that.
But that doesn’t negate the fact that there is still a place for a V8 once they figure out how to increase their corporate average.

Reply 1 Like

click to expand...
Back to top button