Proactive Investors - Stellantis NV (NYSE:STLA, EPA:STLA) has reported stronger European sales over the first quarter of the year, aided by jumps in Germany and the UK.
Sales jumped 5.4% during the quarter, taking the Chrysler and Jeep owner’s market share in Europe 0.9% higher to 19.2%, Stallantis reported on Tuesday.
In Germany, sales climbed by 22.7% across the three months to March, with the figure up 18.7% in the UK and 12.1% in Portugal.
“The first quarter sales figures underscore the consistent performance of our brands and product lineup in Europe,” European chief operating officer Uwe Hochgeschurtz said.
French sales were up 7.3% in the meantime, followed by a 4.3% jump in Italy, while battery electric sales climbed by 4.5% across the board.
According to Stellantis, the likes of its Fiat Panda and Citroen C3 were among six of its brands in Italy’s top ten bestsellers over the quarter.
More than one in five passenger cars sold in Spain over the same period were Stallantis models, the carmaker added.
“We owe these results to the unwavering trust of our customers in our products and brands,” Hochgeschurtz continued.
“In 2024, we remain committed to maintaining this momentum, with the introduction of several exciting new products throughout the year to reach the top spot.”
Shares climbed 1.5% to US$27.31 in pre-market trading.