Stellantis recorded a 26% drop in September 2024 in Europe: worse than the US

The whole market is performing poorly, but Stellantis works terribly. While the group’s US sales fell by 20% in the third quarter of 2024, the performance in Europe is even worse. The car group recorded 26% crash in September 2024 in Europe compared to overall average market decline 4.2%. According to the manufacturers association ACEAthe number of registrations in Europe was 1,118,083 units.

Stellantis, sales collapse in Europe in September 2024: about the results

A real disaster for a group led by Carlos Tavareswho will make way for a new CEO in early 2026 when he retires. Total 48,306 units were registered in Europe in September 2024, in particular Citroën (-42%), Fiat (-43.7%), Lancia (-71.6%), DS (-31%) and Opel (-25.2% ), Peugeot (-5.3%). ) and Jeep (-9.9%).

Stellantis is expecting a very challenging 2024, although HEV registrations were up 12.5% ​​in September. The market share is now 32.8%up from 27.4% in September 2023, overtaking gasoline. The automotive group, which should be strong in this sector, is not benefiting from this trend.

Volkswagen Group bucked the trend with +1% with 288,459 registrations, mainly thanks to Skoda (+19.4%), while Volkswagen the brand recorded a slight decrease of 0.9% and Audi 8.7%. Renault 100,613 units were registered and a decrease of 1.8%, while Dacia recording a decline of 7%, while the Renault brand grew by 2.1%.

The situation is very similar in the USA, where Stellantis recorded a sharp decline, but competitors like General Motors And Ford continue to grow. As time goes on, the data increasingly shows that the problem is not with the market, but with Stellantis.