Higher prices and fewer difficulties on the semiconductor side have enabled the automotive group to increase its turnover in the first quarter of 2023.
Stellantis on Wednesday reported first-quarter revenue of 47.2 billion euros, up 14% from the first quarter of 2022, driven in particular by improved semiconductor supplies and price hikes. price.
1.47 million vehicles sold
The group with 14 brands including Fiat, Chrysler, Peugeot and Citroën sold 1.47 million vehicles in the first quarter, up 7% year on year, while its sales of electric vehicles rose 22%.
Stellantis improved its turnover all over the world, starting with North America (+10%), the group’s largest market.
Dodge and Chrysler models improved sales but Stellantis fell in terms of market share compared to the first quarter of 2022.
The group is preparing the launch of new vehicles there, such as the Ram 1500 REV, the brand’s very first electric vehicle, which will be presented at the New York Motor Show before its launch in 2025.
Stellantis also plans to launch nine new electric vehicles in 2023 and will have 47 100% electric models by the end of 2024, a figure that has doubled in two years.
In Europe, Stellantis declines
In Europe too, Stellantis’ market share fell compared to the first quarter of 2022 despite an increase in sales (+6%) and turnover (+10%).
This decline is linked to logistical problems that the group is facing and which have not been fully resolved, according to the group’s financial director Richard Palmer.
But, as with North America, Stellantis has increased its market share compared to the last quarter of last year.
Elsewhere, Stellantis maintained its leading position in South America and improved its turnover by 55% in Africa and the Middle East.
In China, India and Asia-Pacific, sales increased by only 5%, affected by the decline of the Jeep Grand Cherokee and Compass.
Stellantis maintains its 2023 objectives with a double-digit operating margin.
