Stellantis shipments rise 10% in Q2, led by North America

• North America shipments jumped 38% to 445,000 units, boosted by new Ram 1500 8-cylinder trucks, TRX SRT versions, and refreshed Jeep Grand Wagoneer and Grand Cherokee models
• Enlarged Europe region grew 5% to 762,000 units, including 33,000 vehicles from Chinese partner Leapmotor, with strong demand for budget models like Citroen C3 and Fiat Panda
• Growth was partially offset by lower volumes in Middle East and Africa due to regional conflict, and in South America due to weak Argentine market performance

Stellantis Q2 Shipments Summary

Key Performance Metrics:

Stellantis reported a 10% year-over-year increase in preliminary Q2 vehicle shipments, reaching nearly 1.6 million units globally. The growth was primarily driven by exceptional performance in North America, the company's most critical market.

Regional Breakdown:

• North America: Shipments surged 38% to 445,000 units, fueled by new and refreshed models including the Ram 1500 8-cylinder light-duty truck, Ram TRX SRT high-performance version, and updated Jeep Grand Wagoneer, Grand Cherokee, and Chrysler Pacifica. Results also reflected preparations for the summer production shutdown.

• Enlarged Europe: Shipments increased 5% to 762,000 units, supported by higher industry volumes. This figure includes approximately 33,000 vehicles from Chinese partner Leapmotor, which Stellantis distributes in the region. Budget models like the Citroen C3/C3 Aircross, Opel Frontera, and Fiat Panda saw particularly strong demand.

• Challenges: Growth was partially offset by lower volumes in the Middle East and Africa due to regional conflict, and in South America where the Argentine market underperformed.

Market Implications:

The robust North American performance demonstrates successful product refreshes and strong demand for pickup trucks and SUVs. European results show resilience with budget-focused strategy gaining traction. The inclusion of Leapmotor vehicles reflects Stellantis's partnership strategy for EV expansion in Europe.

Next Steps:

Full second-quarter results will be reported on July 30, which will provide more detailed financial metrics and profitability analysis.