Key Takeaways Stellantis said Wednesday that worldwide shipments of its vehicles fell by 20% in the third quarter, with a 36% drop in North America.The lower shipments can be partly be attributed to previously announced production cuts and efforts by car dealers to lower their inventories.

Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024

Stellantis NV’s global vehicle shipments slumped by a fifth in the third quarter as the automaker tries to trim its bloated inventories.

Stellantis expects a 20% yearly drop in consolidated shipments in the third quarter to 1.15 million units globally, the carmaker said on Wednesday. That's a steeper drop than the forecast 15% underlying sales decline,