Stellantis Q2 shipments jump 10% led by North America rebound
Stellantis NV reported preliminary second-quarter vehicle shipments rose 10% from a year earlier to nearly 1.6 million units, driven by a 38% increase in North America. The automaker cited strong demand for Ram, Jeep and Chrysler models, while Europe also contributed with a 5% rise. Full results are expected on July 30.
*this image is generated using AI for illustrative purposes only.
Stellantis NV reported preliminary second-quarter vehicle shipments rose 10% from a year earlier to nearly 1.6 million units, as North America powered the rebound with stronger Ram, Jeep and Chrysler volumes. The increase signals progress in the automaker's turnaround efforts, particularly in the U.S. market where it has faced pricing and inventory challenges. Stellantis shares rose 2% to $5.61 during premarket trading on Monday.
North America Drives Shipment Rebound
North American shipments jumped 38% to 445,000 vehicles, making the region the primary driver of the quarterly gain. New and refreshed models supported the increase, including the Ram 1500 8-cylinder light-duty truck, its high-performance off-road TRX SRT version, the Jeep Grand Wagoneer, Grand Cherokee and Chrysler Pacifica. The company noted that the North American result reflected preparations for its planned summer production shutdown.
The rebound builds on earlier momentum, as Stellantis’ first-quarter shipments rose 12%, with North America up 17% due to demand for the Ram 1500 HEMI V8 and Jeep models. North America also led the company’s third-quarter shipment growth last year with a 35% jump.
Regional Performance Overview
Europe contributed to the growth with a 5% rise in shipments to 762,000 units in the Enlarged Europe region, supported by higher industry volumes. This total included about 33,000 vehicles from Chinese partner Leapmotor, which Stellantis distributes and sells in the region. Demand was strong for budget models, including the Citroën C3, C3 Aircross, Opel Frontera and Fiat Panda.
Gains in these regions offset weaker volumes elsewhere. Shipments declined in the Middle East and Africa largely due to regional conflict, while South America suffered from a weaker market in Argentina.
Preliminary Shipment Data
| Region | Shipment Change | Volume (Units) |
|---|---|---|
| North America | +38% | 445,000 |
| Enlarged Europe | +5% | 762,000 |
| Total Global | +10% | 1,600,000 |
Strategic Investment and Outlook
The shipment increase provides evidence that CEO Antonio Filosa is stabilizing Stellantis' U.S. business after previous issues. The company previously announced a $13 billion U.S. investment plan to boost domestic production by 50% and add more than 5,000 jobs, partly to counter tariff pressure. Stellantis is expected to report its full second-quarter results on July 30. The consensus price target is near $15.98, with recent analyst ratings clustering around Hold to Overweight.
How will Stellantis balance the $13 billion U.S. investment plan against potential tariff pressures and slowing demand?
Will the North American rebound sustain after the planned summer production shutdowns conclude?
What impact will the inclusion of Leapmotor vehicles have on Stellantis' margins and market share in Europe?
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