SHERIDAN, WYOMING – November 16, 2024 – Stellantis, the global automotive powerhouse behind a diverse portfolio of 14 iconic brands, is celebrating a string of commercial successes in the third quarter of 2024. Despite a year marked by industry transitions, Stellantis brands continue to resonate with customers worldwide, demonstrating strength in key markets and a growing appetite for innovative, electrified vehicles.
Global Market Leadership
Stellantis has secured the top spot in several major automotive markets, including France, Italy, Brazil, Portugal, Turkey, Algeria, and Argentina. The company also boasts a strong presence in Europe's leading economies, ranking among the top three automakers in Germany, Spain, and the United Kingdom.
This global success underscores the strength and appeal of Stellantis' diverse brand portfolio, which includes Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, and Vauxhall.
U.S. Market Share Growth
Stellantis has demonstrated resilience in the competitive U.S. market, with market share steadily increasing from 7.2% in July to 8% in September. This growth is fueled by the strong performance of the company's U.S. brands, including Jeep, Ram, Dodge, and Chrysler.
Inventory Optimization and Product Transition
In line with its strategic goals, Stellantis has successfully reduced U.S. dealer inventory levels by over 80,000 units since June 30, 2024. The company is on track to meet its previously announced target of a 100,000-unit reduction ahead of schedule.
This proactive inventory management is part of Stellantis' broader strategy to navigate a transitional year marked by significant product upgrades and the introduction of new multi-energy platforms.
Electrification Leadership
Stellantis is making significant strides in the electric vehicle (EV) market, with several brands and models leading the charge.
- FIAT 500e: This iconic model has captured the hearts of European customers, securing a 45% market share in the A-segment BEV category.
- Peugeot e-208: Another European favorite, the e-208 leads the B-segment BEV category.
- Stellantis Pro One: This commercial vehicle lineup is making waves in Europe and South America, holding the number one position in both regions and boasting a 32.8% share of the European BEV market.
New Product Launches Drive Excitement
Stellantis' ongoing product blitz, with approximately 20 new models launched in 2024, is generating significant customer interest.
- Peugeot 3008: This all-new model has already garnered approximately 75,000 orders, with a 25% BEV mix.
- Citroën C3: The redesigned C3, featuring a new Hybrid version, has received over 50,000 orders.
- Alfa Romeo Junior: This sporty model has made a splash in the European B-segment, attracting more than 10,000 orders.
A Bright Future Ahead
Stellantis' strong commercial performance in Q3 2024 is a testament to the company's strategic vision, its diverse brand portfolio, and its commitment to innovation and sustainability. As Stellantis continues to execute its Dare Forward 2030 plan, the company is well-positioned for continued success in the global automotive market.