Purchases on Stellantis, market celebrates March registrations

(Il Sole 24 Ore Radiocor) - Buyers on Stellantis, which is listed on the Italian Stock Exchange (FTSE MIB). On Wednesday, the car company provided data on registrations in March, which showedgrowth exceeding that of the market as a whole (+7.6%). The group posted 57,662 registrations last month, up 10.3% from 52,269 units in the same month in 2025. They were up 27.7% in February. In March, Stellantis had a 31.1% share of the Italia market, up from 30.3% in the same month of 2025. In the first three months of the year, Stellantis registered 157,780 cars, an increase of 16.2% compared to the same period last year (135,773 cars were registered in January-March 2025) and against +9.2% for the market as a whole. For the three months, the market share is 32.5% (up from 30.6%).

According to Intermonte, in the first quarter, Stellantis reported "positive figures in North America (+5%) and in the European countries that have already published numbers (+3%, after a +2% month of March on about 68% of volumes). In both markets the group should have outperformed the market, with market share recovering by almost 1 percentage point in North America and a few basis points in Europe (pending data from relevant countries such as Germany and the UK)". According to the brokers, "the North American figure is positive mainly due to the mix" of the "Ram brand (+20%), with pick-ups at +25% and Jeep +4% .

Within the Jeep brand, the figures for individual models are very good: the overall decline is in fact mainly due to the Jeep Compass, a vehicle with lower margins and an outdated version awaiting an update (as has already happened in Europe). All other models are recording very solid performance. In addition, in line with what management has indicated, the contribution of some new models such as the Jeep Cherokee and Dodge Charger has yet to fully manifest itself, as they only arrived in dealerships at the end of the first quarter or at the beginning of the second. Turning to Europe, the "figure is encouraging, as the new launches seem to be having a positive impact on volumes. However, the overall result remains below expectations and the product mix is not particularly brilliant, although in line with recent months, especially at brand level'.

According to Equita, the data "show a recovery in the US with registrations growing by 4% in the first half of the year, outperforming the market. Weakness continued in France, which reported cars -2% and LCVs -1% YoY, underperforming the market, while recovering in Italia, managing to outperform the market only by including Leapmotor. Overall, the preliminary data are consistent with the expectation of top-line growth around mid-single digits. We expect a further recovery in Stellantis volumes from the second quarter of 2026 onwards, especially in the US when sales of the new models (especially Jeep Cherokee) will be in full swing, but the market is exposed to the inevitable risk of a slowdown depending on geopolitical developments". The wait now turns to May when the carmaker will present its business plan.

In the news, it is worth mentioning the Bloomberg rumour that Stellantis is considering possible options for the production of electric vehicles in Canada together with its Chinese partner, Leapmotor. The talks would still be at an early stage. If the speculation translates into concrete action, it would be the first major Chinese automotive investment in Canada since Prime Minister Mark Carney reached an agreement with President Xi Jinping in January to reduce tariffs on Chinese-made electric vehicles.