Stellantis Reports 13% Increase in Q3 Shipments, Driven by North American Rebound

Stellantis Registers Significant Q3 Shipment Growth Amidst Strategic Adjustments

Stellantis N.V. (NYSE: STLA) reported an estimated 1.3 million consolidated shipments for the third quarter of 2025, marking a notable 13% increase year-over-year. This operational growth was predominantly driven by a robust rebound in the North American market, contributing to a positive market reaction, with Stellantis shares advancing 2.2% to EUR9.44 in Milan on Friday morning.

Detailed Shipment Performance Across Key Regions

The 13% increase in global consolidated shipments for Stellantis translated to approximately 1.3 million units delivered to dealers, distributors, or directly to retail and fleet customers during the three months ending September 30, 2025. This volume directly influences revenue recognition, indicating strong near-term top-line growth.

North America exhibited the most substantial growth, with shipments surging by 35%, or approximately 104,000 additional units, compared to the same period in 2024. This significant improvement is primarily attributed to the initial deliveries of the new HEMI® V8-powered Ram 1500 and the normalization of inventory dynamics, following a prior-year reduction initiative that had temporarily curtailed production.

Enlarged Europe also contributed positively, with Q3 shipments rising by 8%, or approximately 38,000 more vehicles. This growth was largely propelled by the commencement of production for four new B-segment “Smart Car” platform nameplates: the Citroën C3, Citroën C3 Aircross, Opel Frontera, and Fiat Grande Panda. These models were not in production during the prior year, highlighting the impact of new product introductions. However, this regional uplift was partially offset by lower shipments of Light Commercial Vehicles (LCVs) and reduced volumes in certain high-volume countries.

In other regions, aggregate shipments grew by 3%, or 10,000 units net. This was primarily fueled by a 21% increase in the Middle East & Africa region, particularly in Algeria with expanding FIAT production, and positive market developments in Türkiye and Egypt. Conversely, South America experienced a modest 3% decrease in shipments, a reduction of 7,000 units. This decline is largely attributed to an unusually high comparison base in Q3 2024, when Stellantis recovered Brazilian shipments delayed by flooding.

Market Response and Underlying Factors

The market’s immediate reaction to the Stellantis announcement was notably bullish. The 2.2% rise in the company’s stock price underscores investor confidence in the robust demand and operational recovery indicated by the shipment figures. This positive sentiment is particularly significant when viewed against the backdrop of a challenging first half of 2025, during which Stellantis reported a net loss of €2.3 billion and a 13% decrease in net revenues. The current Q3 results suggest a substantial positive shift from that period, reinforcing investor belief in the company’s strategic adjustments and resilience.

The normalized inventory dynamics in North America, coupled with the successful introduction of new models across various regions, appear to be key drivers of this operational improvement. The direct correlation between increased shipments and revenue recognition further solidifies the positive outlook for the company