(Reuters) - Stellantis ( STLA ) said on Friday its first-quarter shipments were down 9% compared to last year, to an estimated 1.2 million vehicles.

In the first three months of 2025, the automaker's shipments were down 20% in North America, down 8% in the Enlarged Europe area and up 19% in South America, it said in a statement.

Stellantis ( STLA ) said the drop primarily reflected lower North American production due to extended holiday downtime in January, as well as product transition and lower light commercial vehicle sales in Europe.