Rome, 16 Jan (LaPresse) – Stellantis' drop in deliveries worldwide eased in the fourth quarter of 2024. The drop in deliveries, reports a group note, was 9% in the fourth quarter on a year-on-year basis, and is an improvement on the -20% drop in the third quarter, ‘due to the conclusion of stock reduction actions and the launch of new products in Europe that have reduced gaps in supply related to the generational transition of the range’. Consolidated deliveries for the three months ended 31 December 2024 are estimated at 1,395 thousand units, down 9% from the same period in 2023. Deliveries for the period moved directionally in line with underlying sales, down about 5%, as inventory reduction initiatives in the US were successfully completed and deliveries in Europe were buoyed by the launch of some new-generation products that reduced the temporary gap in the supply of some Stellantis models in the region. In detail, the note explained, in North America, fourth-quarter deliveries decreased by approximately 115,000 units compared to the same period in 2023, a 28 per cent year-on-year decline, compared to a smaller 5 per cent year-on-year decline in sales. The larger drop in deliveries reflected inventory reduction initiatives, where production discipline combined with incentive actions led to a reduction of approximately 80,000 units in inventory at the US network compared to the end of the third quarter, ending the period with just over 300,000 units. The normalisation of inventory at the US network puts the Company in a strong position to support the arrival of new Jeep, Ram and Dodge products in 2025.
© Copyright LaPresse
