Thanks to strong demand in North America, Stellantis (STLA.US) saw a 13% increase in global deliveries in Q3.

Stellantis (STLA.US) announced on Friday that its global car sales in the third quarter increased by 13% compared to the previous year. This growth was driven by the launch of new models and an increase in demand in the North American market, indicating a recovery in business after several quarters of declining sales. The Franco-Italian-American joint venture estimated that it delivered a total of 1.3 million cars between July and September. The final data for sales and revenue in the third quarter will be announced on October 30th. The company stated in a release that car deliveries in the North American region increased significantly by 35% to 403,000 units, partly due to the launch of the Ram 1500 model with a V8 engine, as well as the normalization of inventory levels after production cuts last year. This performance suggests that Stellantis, under the leadership of new CEO Antonio Filosa since June, may be gaining momentum, especially in one of its most important markets. The group has been dealing with challenges such as inventory excess and model changes, which have put pressure on sales in previous quarters. In Europe, car deliveries increased by 8% to 534,000 units, benefiting from the launch of four new compact models - Citroen C3, Citroen C3 Aircross, Opel Frontera, and Fiat Grande Panda - which were not produced in the same period last year. Stellantis also noted that despite this growth, some gains were offset by weak demand for light commercial vehicles and a decline in sales in some major European countries. In other regions, car deliveries in South America decreased by 3% to 252,000 units. Stellantis stated that this was due to a higher base of deliveries in the same period last year, when the company experienced delayed orders due to flooding in Rio Grande do Sul.