Stellantis said Wednesday that its consolidated global shipments in the third quarter have dropped by 20% compared to the same period in 2023 to 1.148 million units.
The fall in deliveries was higher than underlying sales estimated to have dropped by 15%, reflecting the temporary impact of transitions in the product portfolio as well dealer inventory reduction initiatives, the Franco-Italian automaker said in a note.
North America recorded the most significant drop with shipments falling by 36% in the third trimester to 299,000 units while in the so-called Enlarged Europe region, the group’s top market, shipments fell by 17% to 496,000 units.
Shipments also fell by 26% in the Middle East and Africa to 78,000 units, by 30% in China, India and the Asia-Pacific region to 14,000 while growing 14% to 259,000 units in South America.
Source: Ansa News Agency