Stellantis Q3 2024 Shipments Down 20% YoY Due To Dealer Inventory Cuts And Product Portfolio Transition

Benzinga · 10/16 06:56

Consolidated shipments for the three months ending September 30, 2024, were an estimated 1,148 thousand units, representing a 20% decline versus the same period in 2023. The shipment decline was more severe than the underlying sales decline in the period of approximately 15%, due to the temporary impacts of transitions in our product portfolio and dealer inventory reduction initiatives.