Good news for the group Stellantis which was confirmed in the first five months of 2024 growing in the European market carving out an important slice of the share. The Group, in fact, started the year in the best possible way, recording growth in sales volumes both in the passenger car and commercial vehicle sectors, increasing the results obtained in 2023 by 0.2 points. Data that smiles, especially in countries like Germany and Portugal where sales jumped forward, leading to growth of 1.8% in the EU29 perimeter, ensuring a 18.5% market share.
Stellantis and growth in Europe
Reaching a goal is exhilarating, but confirming it is certainly not something for everyone. But Stellantis, in this sense, knows how to do it well and the results are in his favor once again. The Group, in fact, started 2024 in the best possible way, bringing home exciting sales data, effectively confirming growth throughout the area and marking the territory even more decisively. Thanks to the 1.8% increase in sales, 0.2 points more than in 2023, Stellantis has 18.5% of the market share in the Old Continent.
Sales growth in the first five months of the year was 3%. Franceby 3.4% in United Kingdom, by 0.3% in Spain, by 11.2% in Portugal and by almost 22% in Germany where the company’s market share reached 13.6%. Significant double-digit sales increases were also achieved in Bulgaria, Croatia, the Czech Republic, Denmark, Ireland and Slovenia.
But how is Stellantis doing in its main markets? In France, for example, holds a 31% market share with four models in the top ten best-selling vehicles, with Peugeot in its 208, 308 and 2008 variants dominating the Citroen C3. Success for this latest model, which is also confirmed in Italy where in May Stellantis reached a market share of 33.4% with five models in the top ten, with only the Fiat Panda ahead of the C3 and with the Lancia Ypsilon following with Jeep Avenger and Opel Corsa. In Germany Peugeot’s sales grew by over 60%, Opel’s by 33% and DS Automobiles’ and Citroen’s by 28.8% and 14% respectively.
Smiles also from the BEV sector
Positive results also in the BEV sector which, despite a slowdown in the market, allows Stellantis to secure a 13.8% share since the beginning of the year in the EU29 region, gaining the leadership in various segments.
In France, for example, BEV volumes grew by 56%, reaching a market share of 37.9%, with the Peugeot E-208 and Fiat 500e in first and second place in the ranking of best-selling vehicles. Poland achieved a market share of 9.4% year-on-year with growth of 0.8 points compared to last year.
And Stellantis Pre-Owned Vehicle, the Group’s used vehicle body, is another branch that shows promise. The organization, in fact, is expanding its offer of electric vehicles to promote sustainable mobility, effectively leading to a 140% increase in volumes of low emission vehicles (LEVs) in several European countries compared to 2023, with over 20% of LEV sales recorded in Austria, Belgium, the Netherlands, Spain and the UK.
