Stellantis Q3 Revenue Rises 1 Percent to €37.6B as Ram Surges in North America

Stellantis reported Q3 2026 financial results on October 28, with net revenues increasing 1.0 percent year over year to €37.6 billion. Enlarged Europe rose 3 percent and South America rose 3 percent, while North America fell 3 percent on lower volumes tied to planned production downtime, Middle East and Africa fell 19 percent, and Asia Pacific fell 7 percent.

North America was the bright spot in unit terms. Sales increased 1 percent versus Q3 2025, with a 0.3 percent decrease in both the US and Canada and a 24 percent increase in Mexico (28 percent including Leapmotor). Stellantis US sales outperformed the US industry trend, which was down 0.8 percent in Q3 2026, driven by the Ram 1500, up 73 percent, the Dodge Durango up 14 percent, and the Chrysler Pacifica up 6 percent year over year. North America market share increased to 7.5 percent, up 10 basis points year over year, driven by new product and powertrain offerings — specifically Ram, whose North America sales increased 30 percent year over year and represented the fastest-growing brand in North America based on year-over-year industry share gains.

Management guided to broadly stable pricing in Q4 2026 compared with Q3, and to North America inventory converging by December 2026 to a similar level as December 2025. In South America, the Fiat Strada rose 13 percent, the Toro rose 26 percent, the Fiat Pulse rose 20 percent, and the Ram brand rose 33 percent, driven by the all-new Dakota. The quarter reads as a Ram-led recovery story inside an otherwise flat revenue picture.