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Stellantis Q2 Shipments Rise 10% Led by North America

MILAN, July 13 (Reuters) - Stellantis said on Monday preliminary second-quarter vehicle shipments rose 10% from a ​year earlier to nearly 1.6 million units, driven ‌by strong growth in North America, its most important market.

In North America, Stellantis vehicle shipments rose 38% in the second ​quarter to 445,000 units, supported by new ​or refreshed models, including the Ram 1500 8-cylinder light-duty ⁠truck and its high-performance, off-road TRX SRT version, ​and refreshed Jeep's Grand Wagoneer and Grand Cherokee ​and Chrysler Pacifica.

The result in North America also reflects preparations for the planned summer production shutdown, the automaker said in ​a statement.

In its Enlarged Europe region, the group's other most ​relevant market, shipments rose 5% to 762,000 units, "supported by higher industry volumes". The figure ‌includes ⁠some 33,000 vehicles of Chinese partner Leapmotor, which Stellantis distributes and sells in the region.

Demand in Europe was particularly strong for budget models, such as ​the Citroen ​C3 and C3 ⁠Aircross, Opel Frontera and Fiat Panda, Stellantis said.

Growth in North America and ​Europe was partially offset by lower volumes ​in ⁠the Middle East and Africa region, "largely due to the regional conflict", and in South America, weighed by a ⁠weaker ​performance of the Argentine market.

Stellantis ​will report full second-quarter results on July 30.

($1 = 0.8772 euros)

Reporting by ​Giulio Piovaccari, editing by Cristina Carlevaro and Louise Heavens

Source: Reuters


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