Key Highlights
- Stellantis delivered approximately 1.36 million vehicles worldwide during the first quarter of 2026, representing a 12% increase compared to the previous year.
- The North American market posted the strongest performance with a 17% surge, powered by the Ram light-duty pickup, updated Jeep Grand Wagoneer, and the newly launched Jeep Cherokee.
- European deliveries increased by 12%, supported by fresh product introductions such as the Citroën C3, Opel Frontera, and Fiat Grande Panda.
- Leapmotor brand shipments in Europe surged past 100%, reaching approximately 27,000 vehicles.
- Deliveries to Gulf Cooperation Council nations plummeted by over 50% to roughly 3,000 units due to conflict-related disruptions from the Iran war.
Stellantis delivered encouraging first-quarter shipment figures on Wednesday, prompting investors to bid up shares by more than 4% during Paris stock exchange trading.
The automotive manufacturer reported that worldwide vehicle deliveries increased by 12% on a year-over-year basis, reaching approximately 1.36 million units during the January-through-March period. This performance extends a recovery trajectory that started in the latter half of 2025, a welcome shift after a challenging year that saw the company record a €22.3 billion net loss.
CEO Antonio Filosa, who assumed leadership in 2024, has prioritized recapturing market share as his primary objective. The executive is scheduled to present a comprehensive industrial strategy on May 21.
The North American region emerged as the brightest spot in the quarterly results. Deliveries climbed 17% to reach 379,000 units, representing an increase of approximately 54,000 vehicles versus the comparable period in 2025. This growth was propelled by strong demand for the V8-equipped Ram light-duty pickup truck, the redesigned Jeep Grand Wagoneer, and the introduction of the all-new Jeep Cherokee.
European Market Gains Strength on Product Refresh Cycle
European deliveries demonstrated robust momentum as well, advancing 12% to 637,000 vehicles, an increase of roughly 69,000 units year-over-year. The growth was primarily fueled by an aggressive product launch schedule that included the Citroën C3, Citroën C3 Aircross, Opel Frontera, and Fiat Grande Panda.
Leapmotor vehicles delivered exceptional results across the European market. Shipments more than doubled to approximately 27,000 units. Stellantis maintains a 20% ownership position in the Chinese electric vehicle manufacturer and operates a partnership venture to distribute and produce Leapmotor automobiles in markets outside China.
South America, representing the company’s third-largest regional market, recorded a 4% increase in shipments to 219,000 vehicles. The Asia Pacific territory expanded 15% to 15,000 units, while the Middle East and Africa combined region posted an 11% gain to 111,000 vehicles.
Gulf Region Volumes Collapse Amid Geopolitical Turbulence
A notable weakness emerged in the Gulf Cooperation Council markets. Deliveries there contracted by more than 50% to approximately 3,000 vehicles. Stellantis cited the decline to significant disruption stemming from the ongoing Iran conflict, which has severely dampened consumer demand throughout the region.
While this represents a stark decline, the GCC accounts for a relatively modest portion of overall volume given the company’s extensive global footprint.
The first-quarter disclosure focuses exclusively on shipment volumes — Stellantis has yet to release Q1 financial results including revenue and earnings. Market participants will be paying close attention to the May 21 presentation, when Filosa is anticipated to outline the company’s comprehensive strategic roadmap.
The stock’s 4% advance in Paris trading on Wednesday signals investor confidence in the shipment recovery, as Stellantis progresses through its transformation under new management.
