Stellantis Abandoning Financial Projections Due to Declining Q1 Income Amid Tariff Issues
Stellantis Reports Q1 2025 Results Amidst Global Market Shifts
In the first quarter of 2025, automotive giant Stellantis reported a decrease in revenues, marking a contrast to the same period last year. The group's earnings amounted to €35.8 billion ($40.8 billion), a drop from €41.7 billion ($47.5 billion) in Q1 2024. This decline was attributed to several factors, including lower vehicle production in North America, transition from older models to new ones, and falling light-commercial-vehicle volumes in Enlarged Europe.
Despite the revenue drop, Stellantis has made significant strides in various markets. In Europe, the company regained the second position in the Battery Electric Vehicle (BEV) market with a market share of 13.0%. This increase was due to the increased availability since late last year of the Citroën C3 and battery-electric ëC3, Peugeot 5008, and Opel/Vauxhall Grandland. Moreover, Stellantis maintains its lead position in the European hybrid segment with a market share of 15.5%.
The market in Argentina is showing signs of recovery following the easing of import restrictions. This development has contributed to an increase in Stellantis' South American market share. The company currently holds a strong position with a market share of 23.8%, an increase of 1.5% from the last quarter of 2024. Notable improvements were also observed in Brazil, Chile, and especially Argentina.
In the United States, retail sales of several Stellantis models saw a significant increase. The Jeep Grand Cherokee and Compass recorded a near 10% rise, while the Ram 1500 and 2500 also saw an increase. New retail orders in the U.S. rose 82% compared to March 2024, hitting their highest monthly level since June 2023.
However, the uncertainty surrounding 2025 revenues due to U.S. automotive tariffs has led Stellantis' CEO and CFO to express caution about the group's performance in North America this year. They have also refrained from putting forward a business forecast for the rest of 2025 due to these uncertainties.
The launch of new models such as the Fiat Grande Panda, Opel/Vauxhall Frontera, Citroën C3 Aircross, refreshed models like the Opel/Vauxhall Mokka, Ram 2500 HD, and Ram 3500 HD, and the increased availability of electric vehicles have helped Stellantis maintain its competitive edge in the global automotive market.
Despite the challenges, Stellantis remains optimistic about its future prospects, aiming to continue its growth trajectory and solidify its position as a leading automotive manufacturer.
