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European Auto Giant Stellantis Records Positive First Quarter Sales



European auto giant Stellantis continues its electrifying ascent in 2024, securing an 18.5% market share in the first five months with a 1.8% increase in sales volume compared to 2023. This success is amplified by its leading position in key markets like France, Italy, and Portugal and a notable May victory in Spain.

Stellantis’ winning streak is evident in its strong foothold within individual countries. France witnessed a 3% surge in Stellantis’ sales, driven by popular models like the Peugeot 208, 308, 2008, and Citroen C3. The company boasts a 33.4% market share in Italy, thanks to the Fiat Panda’s enduring appeal and impressive performances from other models like the Citroen C3, Lancia Ypsilon, Jeep Avenger, and Opel Corsa.

Stellantis isn’t just about passenger cars, either. The company’s commercial vehicle division, Stellantis Pro One, maintains a dominant 29% market share with a 7% volume increase year-over-year. This success story is echoed across the continent, with Germany experiencing a remarkable 3.4% market share boost, mainly due to a 35% increase in sales.

“Our results highlight the strength of our diverse lineup, including electric vehicles, which resonate with customers who value design, performance, and driving pleasure,” said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe. He also emphasized the company’s commitment to leveraging brand synergies and unique selling propositions to maintain its industry leadership.

The part that interests us the most, though, is the electric vehicle sales. While the BEV market may be experiencing a slowdown, Stellantis remains undeterred, capturing a 13.8% share in the EU29 region. The company’s electric vehicles are leading the charge in France, where sales soared by 56% to reach a 37.9% market share. Popular models like the Peugeot E-208 and Fiat 500e have significantly influenced this success.

Stellantis’ push for sustainability doesn’t stop with new vehicles. The company’s pre-owned vehicle entity is expanding its electric offerings, contributing to a remarkable 140% increase in low-emission vehicle sales in several European countries. Austria, Belgium, the Netherlands, Spain, and the UK now report that LEVs comprise over 20% of pre-owned vehicle sales.

Stellantis’ comprehensive approach to electrifying the European auto market, encompassing everything from diverse model offerings to expanding electric pre-owned options, positions the company as a driving force in the sustainable transportation revolution. The sales numbers are just preliminary, and it’ll be interesting to see a detailed breakdown by car and by country once the company releases its financial results.

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