Stellantis Q3 2024 Shipments Down 20% YoY Due To Dealer Inventory Cuts And Product Portfolio Transition
Portfolio Pulse from Benzinga Newsdesk
Stellantis reported a 20% year-over-year decline in Q3 2024 shipments due to dealer inventory cuts and product portfolio transitions. The decline in shipments was more severe than the 15% sales decline.
October 16, 2024 | 6:56 am
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Stellantis experienced a 20% decline in Q3 2024 shipments, attributed to dealer inventory cuts and product portfolio transitions. This decline was more severe than the 15% sales drop.
The 20% decline in shipments, which is more severe than the sales decline, indicates potential short-term challenges for Stellantis. The inventory cuts and product transitions suggest operational adjustments that may impact financial performance.
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