Stellantis Sees Shipment Decline Amid Inventory Adjustments
Company Announcements

Stellantis Sees Shipment Decline Amid Inventory Adjustments

Stellantis (IT:STLAM) has released an update.

Stellantis reported a 20% decline in consolidated shipments for Q3 2024 compared to the previous year, largely due to inventory reduction initiatives and transitions in its product portfolio. Despite this, the company saw a positive trend in U.S. market share growth and anticipates strong demand for upcoming product launches in Europe, including the Citroën C3 and Peugeot 3008. Shipments in other regions remained stable, with South America offsetting declines in other markets.

For further insights into IT:STLAM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyU.K. Royal Mail pilots Canoo delivery vans, EV reports
TheFlyPinterest, Cisco upgraded: Wall Street’s top analyst calls
TheFlyStellantis initiated with an In Line at Evercore ISI
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App