Franco-Italian Stellantis Group published on Wednesday its first quarter earnings results reporting a 14% decline in revenue to €35.8 billion ($40.7 billion) due to “lower shipment volumes” and “unfavorable mix and pricing.”
The Jeep maker said its vehicle shipments fell 9% year over year in the first quarter to 1.217 million units.
The company cited “lower North American production, a consequence of extended holiday downtime in January, product transition impacts and lower industry LCV [large commercial vans] volumes in Enlarged Europe” as the reasons for the decline.
The Group builds 57% of the vehicles it sells in the U.S. domestically, with 39% produced in Canada and Mexico and 4% in other regions. Earlier this month, and in response to the tariffs imposed by the Trump Administration on all imported vehicles and auto parts, Stellantis has temporarily suspended European vehicle imports to U.S.
Stellantis said it is supending its 2025 Financial Guidance due to “tariff-related uncertainties including policy, market impacts, and the company’s evolving response.”
The Group added it is “difficult to define impacts of evolving tariff policies” as there are “elevated uncertainties in the competitive environment.”
In the first three months of the year, Stellantis launched the all-new Fiat Grande Panda, Opel/Vauxhall Frontera and the Citroën C3 Aircross. Regarding facelifts, the Group began sales of the refreshed Opel/Vauxhall Mokka, Ram 2500 HD and Ram 3500 HD.
Stellantis said its inventory increased when compared with the final quarter of 2024 “with majority of increase in EE, where production levels were increased to address Q2 ’25 demand, driven largely by B and C-segment vehicles.”
“While Q1 2025 top-line results were below prior-year levels, other KPIs reflect early, initial progress on our commercial recovery efforts,” the company’s CFO Doug Ostermann said amid the results.
“North America is at a very early stage, with improvement in retail order intake, while we are seeing sequential improvement in EU30 market share,” he added. “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.”
Stellantis has been reassessing its luxury brands, Alfa Romeo and Maserati, amid ongoing struggles and has recently brought in external consultants to evaluate strategic options as it retools its global lineup.
