Stellantis vehicle deliveries fell 9% in the fourth quarter of 2024 as the Jeep and Ram-maker took action to reduce excess inventory in the U.S.

Stellantis N.V. (NYSE:STLA) disclosed that it expects global total shipments to decline 9% year-over-year to around 1.395 million units for the fourth quarter of 2024. The decrease aligned with a ~5% drop in underlying sales performance.

Stellantis reported its global deliveries fell by 9% to 1.395M vehicles during Q4 2024 amid inventory reduction initiatives in the U.S.

Auto major Stellantis said Thursday that fourth quarter shipments dropped 9% year-over-year to 1.395 million vehicles. In North America, shipments declined 28%. In the market it terms Enlarged Europe the fall was 6%,