Stellantis Reports Q3 2024 Consolidated Shipment Estimates
SHERIDAN, WYOMING – November 16, 2024 – SHERIDAN, WYOMING – November 16, 2024 – Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP), one of the world's leading automakers, today announced its consolidated shipment estimates for the third quarter of 2024. The company reported a decline in shipments, reflecting ongoing inventory reduction initiatives and the impact of new product launches.
Q3 2024 Shipment Estimates
Consolidated shipments for the three months ending September 30, 2024, were estimated at 1,148 thousand units, representing a 20% decline compared to the same period in 2023.
The term shipments describes volumes of vehicles delivered to our dealers, distributors, or directly from the Company to retail and fleet customers, which directly drive revenue recognition.
The decline in shipments was attributed to several factors: