TLDR
- Stellantis reported global vehicle shipments of approximately 1.36 million units in Q1 2026, up 12% year-on-year.
- North America led growth with a 17% rise, driven by the Ram light-duty truck, refreshed Jeep Grand Wagoneer, and new Jeep Cherokee.
- Europe shipments grew 12%, fueled by new model launches including the Citroën C3, Opel Frontera, and Fiat Grande Panda.
- Leapmotor-branded vehicle shipments more than doubled in Europe to around 27,000 units.
- Shipments to Gulf Cooperation Council countries fell by more than half to around 3,000 units, hurt by the ongoing Iran war.
Stellantis posted a solid Q1 shipment number on Wednesday, and the market responded in kind — the stock climbed more than 4% in Paris trading following the release.
The automaker said global vehicle shipments rose 12% year-on-year to an estimated 1.36 million units in the three months to March. The result builds on a rebound that began in the second half of 2025, following a difficult year that included a net loss of €22.3 billion.
Global shipments for Stellantis rose 12% in the first quarter, led by a surge in North America https://t.co/BdyqeTATZw
— Bloomberg (@business) April 15, 2026
CEO Antonio Filosa, who took the helm last year, has made regaining market share his central focus. He is set to unveil a new industrial plan on May 21.
North America was the clear standout. Shipments there rose 17% to 379,000 vehicles, adding roughly 54,000 units compared to the same period last year. The gains were driven by the V8-powered Ram light-duty truck, the refreshed Jeep Grand Wagoneer, and the launch of the new Jeep Cherokee.
Europe and New Models Carry the Momentum
European shipments were also strong, growing 12% to 637,000 vehicles, up around 69,000 units year-on-year. A wave of new model launches did the heavy lifting, including the Citroën C3, Citroën C3 Aircross, Opel Frontera, and Fiat Grande Panda.
Leapmotor-branded vehicles posted a standout result within the region. Shipments more than doubled to around 27,000 units. Stellantis holds a 20% stake in the Chinese EV maker and runs a joint venture to sell and manufacture Leapmotor cars outside China.
South America, the group’s third-largest market, saw shipments rise 4% to 219,000 vehicles. Asia Pacific grew 15% to 15,000 units, and the Middle East and Africa region rose 11% to 111,000 vehicles.
GCC Shipments Halved on Iran War Disruption
One area of concern was the Gulf Cooperation Council. Shipments there fell by more than half to around 3,000 vehicles. Stellantis attributed the drop to disruption from the ongoing Iran war, which has hit demand across the region.
That’s a sharp contrast to the broader picture but represents a relatively small share of total volume given the company’s global scale.
The Q1 data is purely a shipment figure — Stellantis has not yet reported first-quarter revenue or profit. Investors will be watching the May 21 event closely, when Filosa is expected to lay out the company’s full strategic direction.
The stock’s 4% gain in Paris trading on Wednesday reflects the market’s positive reading of the shipment recovery, as Stellantis continues its turnaround under new leadership.
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