Stellantis shipments rise 10% to 1.6 million in Q2 on North America surge

Stellantis N.V. reported Q2 2026 consolidated shipments of 1.6 million units, up 10% from a year earlier, driven by a 38% surge in North America.

"The majority of the growth was driven by new or refreshed products and powertrain offerings," the company said in its July 13 release, citing the Ram 1500 HEMI V8, refreshed Jeep Grand Wagoneer and Grand Cherokee, and the all-new Dodge Charger SIXPACK.

North America added approximately 122,000 units year-over-year, the largest contributor to the global increase. Enlarged Europe shipments rose 5%, or about 39,000 units, supported by higher industry volumes and strong demand for Smart Car platform models including the Citroen C3 and C3 Aircross, Opel Frontera, and Fiat Grande Panda, which added roughly 41,000 units combined. Leapmotor-branded vehicle shipments in Europe jumped by about 25,000 units to 33,000 units, driven by the T03 and B10 models.

The gains were partially offset by a 3% decline in both the Middle East and Africa and South America. MEA shipments fell by about 4,000 units as regional conflict weighed on Turkey and Gulf Cooperation Council countries, while South America dropped 7,000 units as a weaker Argentine market offset growth in Brazil. Asia Pacific shipments held flat at 16,000 units. The preliminary figures, which exclude Maserati as a separate segment following a January restructuring, set the stage for Stellantis's full Q2 earnings report.

The 38% jump in North America reflects the automaker's aggressive product refresh cycle. New or refreshed models accounted for the bulk of the increase, with the Ram 1500 light-duty HEMI V8, the new Ram 1500 TRX SRT, and the all-new Jeep Cherokee and Dodge Charger 2-door and 4-door SIXPACK ramping up during the quarter. The company also cited preparations for its planned summer production shutdown as a factor.

In Enlarged Europe, the 5% shipment gain came despite a 28,000-unit decline in legacy B-SUV models including the Jeep Avenger, Fiat 600, Opel Mokka, and Peugeot 2008. The shift toward the Smart Car platform — a low-cost architecture for entry-level EVs — added 41,000 units, representing 51% growth year-over-year. The new Jeep Compass in the C-segment contributed an additional 8,000 units.

The regional headwinds highlight the uneven nature of Stellantis's global recovery. In South America, Brazil added 21,000 units on favorable industry conditions, but Argentina's economic weakness erased those gains with a 25,000-unit decline. In the Middle East and Africa, Algeria added 8,000 units from the Fiat Doblo ramp-up, but Turkey dropped 8,000 units and Gulf Cooperation Council shipments fell by about 50%.

The preliminary shipment figures are unaudited and may be adjusted. Stellantis has not yet disclosed revenue, earnings, or guidance for the quarter. The company's full Q2 financial results will provide investors with a clearer picture of profitability and margin trends across regions.

The shipment data suggests Stellantis's product refresh strategy is gaining traction in its most profitable market, North America, after a challenging 2025. Investors will watch the full Q2 earnings release for margin data and any updates to the company's 2026 financial guidance.

This article is for informational purposes only and does not constitute investment advice.