Stellantis Reports Q1 2025 Net Revenues and Shipments
North America Still Struggling, But Europe and South America Show Encouraging Growth

Stellantis reported its Q1 2025 results today, with net revenues coming in at €35.8 billion (approximately $38.3 billion USD), a 14% drop compared to Q1 2024. The decline was driven by lower vehicle shipments, an unfavorable sales mix, and softening prices across key markets—especially North America.

The company shipped 1.217 million vehicles globally between January and March, a 9% decrease year-over-year. Stellantis pointed to reduced North American output due to extended January downtime, plus product transitions and lower demand for commercial vehicles in Europe.

Despite the weaker top line, Stellantis CFO Doug Ostermann expressed cautious optimism:
“While Q1 2025 top-line results were below prior-year levels, other KPIs reflect early, initial progress on our commercial recovery efforts. North America is at a very early stage, with improvement in retail order intake, while we are seeing sequential improvement in EU30 market share. At the same time, the Company is benefiting from its diverse geographic footprint, as our ‘Third Engine’ regions delivered in Q1 2025 positive year-on-year growth in aggregate.”
Product Launches and Recovery Efforts –

During Q1, the company introduced three all-new models:
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Fiat Grande Panda
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Opel/Vauxhall Frontera
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Citroën C3 Aircross
Refreshed versions of the Opel/Vauxhall Mokka and the Ram 2500 and Ram 3500 Heavy Duty trucks also launched. In Europe, Stellantis boosted its EU30 market share to 17.3%, up 1.9 percentage points from Q4 2024, thanks to the ramp-up of models like the Peugeot 5008, Opel Grandland, and ë-C3.
In the U.S., Stellantis saw solid gains in retail demand for the Jeep® Grand Cherokee, Compass, and Ram 1500 and 2500. New retail orders in March 2025 were up 82% over the prior year—marking the highest monthly total since June 2023.
Strong “Third Engine” Growth –

Stellantis’ “Third Engine” strategy—focused on South America, the Middle East, and Africa—continues to show results. In South America, market share increased to 23.8%, up 1.5 percentage points from Q4, driven by gains in Brazil, Chile, and especially Argentina, where a relaxation of import restrictions helped boost sales.
In Africa and the Middle East, while some import limitations remain, Stellantis is doubling down on local productionstrategies to increase volume over the mid-term.
Tariff Uncertainty and Strategic Response –

Due to ongoing global trade tensions, Stellantis has suspended its full-year 2025 guidance, citing uncertainty around U.S. and global tariffs. Executives said they are actively engaging with policymakers and adjusting sourcing and production plans to help soften the impact.
Tech Innovation and AI Integration –

On the technology front, Stellantis rolled out STLA AutoDrive 1.0, a proprietary semi-autonomous driving system offering SAE Level 3 “hands-free, eyes-off” driving up to 37 mph (60 km/h).
The company also expanded its partnership with Mistral AI, working to develop AI-powered voice assistants for upcoming vehicle models that allow for natural, conversational control of in-car features.
Shareholder Payout and CEO Search –

An ordinary dividend of €0.68 per share (about $0.73 USD) was approved at Stellantis’ Annual General Meeting and will be distributed on May 5, 2025. Meanwhile, the process to appoint a new permanent CEO is ongoing and expected to conclude by mid-year.