Stellantis Group Sees Slight Decline in First-Quarter Global Volumes Excluding Joint Ventures
The Stellantis group has released its global vehicle production forecast for the first quarter of this year, excluding joint ventures. As of March 31st, 2025, the group expects to deliver approximately 120,000 vehicles without affiliated joint ventures, representing a 9% year-on-year decline.
The Stellantis group attributes the decline mainly to increased downtime due to post-holiday extended factory breaks in North America and ongoing product transformation and decreasing sales of compact vans in European markets. Despite this, the group reported commendable commercial progress during Q1, including the launch of new and revamped models from Stellenburg C3 AirCross, Opel Frontera, Fiat Grande Panda, Ram 2500, and Ram 3500 heavy-duty pickup trucks.
These new introductions contributed positively to increasing orders and maintained normal inventory levels among dealerships. The North American market saw a production volume decrease of approximately 82,000 vehicles compared to the same period last year, with a decline of 20% due to increased downtime caused by post-holidays extended breaks in January.
In the United States, Ram vehicles (Jeep Grand Cherokee and Ram trucks) experienced sales growth of over 10% for Q1. Orders reached their highest level since July 2023.
The European market saw a production volume decline of approximately 47,000 units compared to the same period last year, with an 8% reduction in global production. The majority (two-thirds), this decrease can be attributed to disruptions from replacing previous-generation products from A-class and B-class vehicles that were discontinued in mid-2024.
Additionally, sales fell sharply due to decreased sales of compact vans.
The market is the "Third Engine" market which is a combined market for southern America, Middle East and Africa, China, India, Southeast Asia, including countries like Brazil and Argentina. Overall volume showed an increase of 13,000 vehicles, rising by 4%. This rise was in part fueled by Brazilian markets where sales surged 19%.
