Stellantis sees turnover and sales fall

Peugeot 208

Stellantis sold more than a quarter fewer cars in the past quarter than in that period last year. Turnover was also lower. The company does expect the worst of the chip shortage to be over.

Like most car manufacturers, Stellantis is suffering from global chip shortages. The parent company of brands such as Peugeot, Opel, Alfa Romeo and Fiat produced 600,000 cars in the third quarter, about a third less than planned. According to Stellantis, the chip market is now stabilizing. For the whole of 2021, however, the group is counting on 1.4 million cars that it was unable to build due to a lack of chips.

In the past quarter, all Stellantis brands collectively sold more than 1.1 million cars. In the third quarter of last year, when the French PSA and the Italian-American Fiat Chrysler Automobiles had not yet merged, those sales were more than a quarter higher. Europe remains the largest market, roughly 470,000 cars were sold here last quarter, in North America it came to about 394,000 cars.

Stellantis’ sales in Q3 were down 14 percent compared to the same period last year to reach €32.6 billion. Turnover for the whole of 2021 has so far been rounded off at €107.9 million, which is more than 20 percent higher than last year’s PSA and FCA combined.

– Thanks for information from Autoweek.nl

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