Stellantis announced this Wednesday that it recorded revenues of €35.8 billion in the first quarter of 2025, representing a 14% decline compared to the same period in 2024, and has suspended its forecasts due to U.S. tariffs.
In a statement, the automotive group attributed the reduction in net revenues “to lower delivery volumes, as well as unfavorable changes in the mix and prices.”
The number of vehicles delivered also saw a decrease of 9%, totaling 1,217,000 units, which Stellantis justified by “lower production volumes in North America, due to extended holidays in January, the impacts of product transitions, and reduced volumes of Light Commercial Vehicles in the Extended Europe region.”
The group also has 1.210 million vehicles in inventory, between manufacturers and dealers, at the end of March this year, “in line with December 31, 2024.”
To recover commercial performance, Stellantis launched three new vehicles in the first three months of the year, along with several model updates.
The statement further reveals that Stellantis will suspend its forecasts for 2025 “due to uncertainties related to tariffs” imposed by the U.S. on automotive imports.
“Although the financial results for the first quarter of 2025 were below last year’s levels, other key indicators reflect the initial progress of our commercial recovery efforts. North America is in a very early stage, with an improvement in retail orders, while we are seeing a sequential improvement in market share in the EU30. At the same time, the company is benefiting from its diverse geographical presence, as our ‘Third Engine’ regions recorded positive aggregate growth in the first quarter of 2025 compared to the previous year.”, said Stellantis CFO Doug Ostermann.
Stellantis also announced that the process of appointing the new CEO, who will replace Carlos Tavares, “is well underway and will be completed in the first half of 2025”.
