Stellantis N.V. reported first-quarter 2025 results, with net revenues of €35.8 billion—a 14% decrease compared to Q1 2024. The decline was primarily attributed to lower vehicle volumes, unfavorable regional mix, and ongoing price normalization. Consolidated shipments for the quarter ended March 31, 2025, totaled 1,217,000 units, down 9% year-over-year, driven mainly by reduced production in North America due to extended January downtime, product transitions, and lower light commercial vehicle (LCV) volumes in Enlarged Europe.
“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”(2) regions delivered in Q1 2025 positive year-on-year growth in aggregate.” said Doug Ostermann, CFO.
Commercial Recovery and Product Momentum
In Q1 2025, Stellantis launched three all-new models: the Fiat Grande Panda, Opel/Vauxhall Frontera, and Citroën C3 Aircross. Additionally, updated versions of the Opel/Vauxhall Mokka, Ram 2500 HD, and Ram 3500 HD were introduced to the market.
Market share in the EU30 rose to 17.3%—a 1.9 percentage point gain over Q4 2024—driven by continued ramp-up of late 2024 launches such as the Citroën C3/ëC3, Peugeot 5008, and Opel/Vauxhall Grandland. The Q1 2025 introductions of the C3 Aircross, Frontera, and Grande Panda position Stellantis for renewed strength in the B-segment vehicle category.
Stellantis also became the market leader in hybrid vehicles with a 15.5% share and regained second position in the battery electric vehicle (BEV) segment with a 13.0% share.
In the U.S., retail share stabilized, supported by strong year-over-year sales growth in the Jeep® Grand Cherokee and Compass, as well as the Ram 1500 and 2500. New retail orders surged 82% in March 2025 versus March 2024, reaching the highest monthly level since June 2023. Continued gains are expected through enhanced availability of key trim levels, refreshed product offerings, and focused sales and marketing initiatives.
Growth in Key International Markets
The company’s “Third Engine” regions continued to deliver robust performance. In South America, Stellantis increased its market share to 23.8%, up 1.5 percentage points from Q4 2024, driven by brand strength across Brazil, Chile, and a recovering Argentine market following eased import restrictions.
In the Middle East & Africa, the company is pursuing localization strategies to mitigate the impact of import constraints and support mid-term volume growth.
Navigating Tariffs and Policy Uncertainty
Stellantis is actively engaging with governments to ensure informed policy decisions in response to emerging tariff challenges. Meanwhile, the company is adjusting production plans and refining sourcing strategies to safeguard operations and competitiveness.
Innovation Driving the Future
Stellantis introduced STLA AutoDrive 1.0, its proprietary SAE Level 3 automated driving system, capable of Hands-Free and Eyes-Off operation at speeds up to 60 km/h (37 mph). This launch complements the broader STLA technology platform, including STLA Brain and STLA SmartCockpit, advancing vehicle intelligence, automation, and in-car user experience.
The company also expanded its partnership with Mistral AI to co-develop advanced AI-powered in-car assistants, enabling drivers to engage with their vehicles through natural language and enhancing manufacturing and development processes.
