(Boursier.com) — While Stellantis will bring together its shareholders in a General Meeting on April 16, the manufacturer has confirmed the good start of the year 2024 on the European market (EU29). Stellantis highlights the positive trend in its sales which have progressed throughout the first months of 2024. In the EU29 scope, Stellantis records an increase of +5.4% in its VP+LCV sales volumes for the 1st quarter 2024, with a market share of 19.2%, up +0.9 points compared to 2023. This result reflects the performance of the previous year, despite the absence of purchasing incentives on many important European markets.
In France, Stellantis maintains its position as sales leader in the 1st quarter, with a VP+LCV market share of 32.4% recording an increase of +0.3 points compared to 2023. Sales also increased by +7 .3%, thus consolidating Stellantis’ leading position with 7.5 points ahead of its main competitor.
In Italy, Stellantis shows a 4.3% increase in sales (VP+LCV) compared to the previous year, thus maintaining its position as market leader. In particular, 6 Stellantis models ranked among the top 10, including the popular FIAT Panda, which took first place, and the Citroën C3, which completed the podium…
The Stellantis Pro One Business Unit dedicated to commercial vehicles maintains its leading position with a share of 30.1%, and an increase in volumes of +11.1% year-on-year. This growth extends to almost all European countries and reflects an unprecedented renewal, Stellantis becoming the first utility vehicle manufacturer to offer 12 models in all segments.
In the BEV (VP+LCV) market, Stellantis continues its growth, with an increase of 4.5% year-on-year and a jump of +8.2% in the 10 main markets, to reach a market share of 14.4% in EU29 in the 1st quarter. Stellantis also leads in various BEV segments, holding first place in several major European markets. In France, BEV volumes are experiencing double-digit growth (+54%), with a remarkable market share of 35.7%, an increase of 7.2 points compared to the previous year. Significant sales increases are also observed in the United Kingdom (+9%), Portugal (+5.5%) and Poland (+8.9%).
The title stands at 25 euros this Thursday, while Morgan Stanley ‘overweights’ the Stellantis file and with a target which goes from 24 to 28 euros.