Stellantis Deliveries to North America Plummeted in Q2 | Carscoops

      The company indicates that analysts' forecasts were inaccurate, reporting a loss of $2.7 billion on revenue.

      Stellantis anticipates a net loss of $2.68 billion for the first half of the year. This downturn is attributed to tariffs, increased costs, pre-tax net charges, and other factors. Shipments to North America in the second quarter have decreased by 25% compared to the previous year.

      In an unusual move, Stellantis has opted to provide an early glimpse into its financial performance for the first half of 2025, a departure from standard practices, aimed at countering some overly pessimistic analyst projections.

      As stated by the company, “The release of the preliminary financial data for the First Half 2025 is intended to clarify the discrepancy between analyst consensus forecasts and the Company’s actual performance during this period.”

      In essence, they believe some analysts’ predictions might be quite off. For instance, they expect a $2.7 billion loss against projected revenue of $86.9 billion for the first half of the year, contrasting sharply with the $6.58 billion profit and $99 billion in revenue recorded in the same period of 2024.

      Stellantis attributes this significant loss to four primary issues. Part of it involves the company's expenditures in the first half of the year aimed at yielding “greater benefits in the second half of 2025.”

      External Challenges and Internal Costs

      The automaker also pointed to pre-tax net charges, elevated industrial costs, geographic and other mix factors, along with shifts in foreign exchange rates. Particularly noteworthy is Stellantis’ candid acknowledgment of the influence of U.S. tariffs as a major contributor, resulting in a $348 million impact and loss of planned production. Regarding production and delivery, the company reports a substantial drop in U.S. shipments.

      Specifically, there is a decrease of around 109,000 units in Q2 compared to the same period in 2024, marking a 25 percent drop. This is just one aspect of a larger trend, as Stellantis claims that year-over-year sales have fallen by 10 percent, despite being “relatively stable” in the U.S. However, Ram and Jeep have shown a 13 percent increase in sales year over year up to this point.

      As reported by Reuters, CEO Antonio Filosa communicated to employees in an email that 2025 is expected to be “a year of gradual and sustainable improvement,” despite facing “a challenging first half with increasing external pressures.” Nevertheless, he added, it has also been six months of significant progress when compared to the latter half of 2024.

      Currently, the outlook appears challenging, but it may be preferable to sharing potentially alarming news on July 29 when the full financial results will be disclosed. Only then will we see how the overall figures ultimately pan out.