Key Takeaways Stellantis' fourth-quarter shipments slumped as the carmaker reduced the number of vehicles it had in its U.S. inventory.Shipments declined an estimated 28% year-over-year in North America as Stellantis cut U.

Global automaker Stellantis reported Thursday a stinging 12 percent drop in the number of vehicles it sold last year, with its key North American market plunging by a quarter. Stellantis's French rival Renault reported Thursday it shipped 1.

Stellantis vehicle deliveries fell 9% in the fourth quarter of 2024 as the Jeep and Ram-maker took action to reduce excess inventory in the U.S.

Stellantis N.V. (NYSE:STLA) disclosed that it expects global total shipments to decline 9% year-over-year to around 1.395 million units for the fourth quarter of 2024. The decrease aligned with a ~5% drop in underlying sales performance.