From March to June, this international group, consisting of 14 brands including Alfa Romeo, Chrysler, Fiat, and Peugeot, reported delivering 1.6 million cars through various distribution channels.
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The growth was mainly driven by North America and Europe, but was partly offset by lower sales volumes in the Middle East and Africa – mainly due to regional conflicts – and in South America, where a weaker Argentine market negatively affected results,” the group said.
Despite a decline in electric and hybrid car sales, second-quarter deliveries in North America increased by 38% compared to the same period last year, which, according to the manufacturer, was mainly due to “new or refreshed products and engine range.”
In Europe, sales grew by 5% or 39,000 units compared to the same period last year. This growth was mainly driven by electric car deliveries, which were evenly split between Stellantis and its main shareholder – Chinese partner Leapmotor.
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Meanwhile, sales in the Middle East and Africa fell by 3% or 4,000 units, and in South America by 7,000 units, where a sharp sales drop in Argentina overshadowed growth in Brazil.
In May, CEO Antonio Filosa said that North America is Stellantis’ biggest opportunity, as the group unveiled a five-year investment plan worth 60 billion euros. The plan prioritizes this region, while production capacity in Europe is expected to be reduced.
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