SHERIDAN, WYOMING – November 15, 2024 – Stellantis, one of the world's leading automakers, has demonstrated resilience and strong performance in the European market despite ongoing challenges. The company has maintained its position as the second-largest automaker in Europe, holding a market share of nearly 18%.
Sustained Growth Across Multiple Markets
Stellantis has shown consistent growth across several key European markets, including France, Italy, Portugal, Austria, Germany, and Poland.
In France, Stellantis holds the top spot with a 30% market share, boasting four models in the top ten: Peugeot 208, 308, 2008, and Citroën C3.
Italy also sees Stellantis in the lead with over 32% market share, featuring four models in the top ten, including the Fiat Panda, Lancia Ypsilon, Citroën C3, and the Jeep Avenger, which has become the most sold SUV in Italy.
Germany has shown significant growth for Stellantis, with sales increasing by over 13% and almost all brands recording double-digit growth. The Opel Astra has been a standout performer, selling over 4,300 units in August and becoming one of the most sold C-Segment cars in the market.
Additional Markets with Notable Growth
Stellantis has also recorded significant sales growth in several other European markets, including Bulgaria, Croatia, Czech Republic, Denmark, Ireland, and Slovenia.
Commercial Vehicle Leadership
Stellantis' commercial vehicle division, Stellantis Pro One, has maintained its market leadership with a share of almost 29% and a 1.4% year-over-year volume increase.
Germany has been a particularly strong market for Stellantis Pro One, with a 3.3-percentage point increase in market share and sales up by 29.5%.
Other markets with notable commercial vehicle sales growth include the Netherlands, Spain, and Portugal.
Positive Outlook Despite Market Fluctuations
Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe, commented on the company's performance: "We have started the second half of the year with the right momentum in Europe, maintaining steady growth across all segments and energy types, despite the market's fluctuations. Our employees' and partners' resilience, coupled with the arrival of exciting new multi-energy products, including those from Leapmotor launching this month, ensures we will continue to compete for the top spot."
Growth in the LEV Market
Stellantis has reported steady growth in the low-emission vehicle (LEV) market, driven by its diverse range of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and mild hybrid electric vehicles (MHEVs).
BEVs have captured a 13% year-to-date share in the EU29 market. In France, BEV volumes have grown by almost 40%, with the Peugeot E-208 leading the way as the most sold EV car in the first eight months of the year.
In the UK, Stellantis is the top electric van manufacturer, with Vauxhall leading in electric retail and Motability channels.
Pre-Owned Vehicle Division Growth
Stellantis' Pre-Owned Vehicle division has also shown strong growth, increasing by 30% over the past eight months. G10 markets, including France, Germany, Italy, and Spain, have recorded strong double-digit sales increases in a stable European market.
Stellantis' positive performance in the European market demonstrates its ability to navigate challenges and maintain its competitive edge. The company's diverse product portfolio, commitment to innovation, and strong presence across multiple segments position it well for continued success in the evolving automotive landscape.