Stellantis (STLA) released its Q1 estimated consolidated shipments. The term “shipments” describes the volume of vehicles delivered to dealers, distributors, or directly from the company to retail and fleet customers, which generally drive revenue recognition. Consolidated shipments for the three months ending March 31, were an estimated 1.4M units, up 12% y-o-y. This increase was primarily driven by Enlarged Europe and North America, and further supported by year-over-year shipments growth in Middle East & Africa and South America.
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