Stellantis Posts 2023 Pro One Commercial Vehicle Results

Ken Zino of AutoInformed.com on Stellantis Posts 2023 Pro One Commercial Vehicle Results

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The Stellantis (NYSE: STLA) said today that its Pro One* commercial vehicle business delivered “outstanding results in 2023, accounting for one-third of the €189.5 billion Net revenue reported by Stellantis for the year. Stellantis Pro One aspires to achieve global leadership in commercial vehicles by 2027 and to reach the targets outlined in the Dare Forward 2030 strategic plan. (read Ken Zino of AutoInformed.com on Stellantis Posts Record 2023 Results – €18.6B Net; Ayvens and Stellantis – 500,000 Fleet Sales Deal; Stellantis NA COO Mark Stewart Out. Carlos Zarlenga In)

“Our performance in 2023 reaffirms that Stellantis Pro One is a keystone of Stellantis business around the world,” said Xavier Peugeot, Stellantis Senior Vice President, Commercial Vehicles Business. “Propelled by the renewal of our entire van lineup and the widest offering of electrified propulsion, Stellantis Pro One is determined to be the most customer-focused product of choice. It is our customers who will drive us to our goal of market leadership by 2027.”

Regional Results

Europe 30

  • Commercial vehicle leadership remains unparalleled with market share of more than 30% and sales growth of 15% vs. 2022
  • BEV leadership with 38.8% market share
  • 1 in France with 38.8% share, in Italy with 45.5% share and Spain with 35.2% share
  • BEV leadership in Italy with 47.5% share; Germany with 28.2% share (up 5.5 points vs. 2022); U.K. with 47.9% share; Spain with 48.9% share; and France with 44.5% share

 India & Asia Pacific

  • Ram posts record sales year in Australia, up 13% from 2022
  • Fiat Professional posts record year in the region, up 86%, powered by Campervan sales in Australia and Japan

 Middle East & Africa

  • Market share grows to record 21.8%, up 7 percentage points from 2022
  • Market leadership in the region includes Turkey, Algeria, Israel and Tunisia
  • Fiat Professional brand launched in Algeria

North America

  • Ram brand gains 1.3 percentage points in van market share to 20%
  • Ram is No. 3 in region with 14.8% market share
  • In Mexico, Peugeot Partner/Rifter top small van segment with 57% market share, up from No. 2 in 2022

 South America

  • Leadership of light commercial vehicle sales with 28.6% market share
  • Market leader in van and pickup sales in the region, with 33.7% and 30.6% share, respectively
  • FIAT is leading LCV brand in the region with 22.6% share

*Stellantis Pro One

Stellantis Pro One a global commercial vehicle market business. It offers Citroën, FIAT Professional, Opel, Peugeot, Ram and Vauxhall brands to professional customers. Stellantis Pro One targets a doubling of revenues, a 40% electric vehicle mix with battery, hydrogen fuel-cell and range-extending propulsion technologies, over-the-air update capabilities for each new vehicle from 2026. Also [planned are various connected services said to be dedicated to improving business customer efficiency, and innovative autonomous solutions.

Stellantis says Pro One will strongly contribute to achievement of the Dare Forward 2030 objectives to reach a 100% passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in the United States by 2030. Stellantis Pro One is fully part of the company ambition to become a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions.

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