The era of exceptional margins soon to be over in the automobile industry

5/3/2023, 6:27:33 PM

The major groups are rebuilding their stocks and preparing for price declines. In France, in Europe and all over the world, the automotive industry is picking up. The supply of semiconductors begins to relax. Production is restarting at a more sustained pace. Stellantis takes advantage of this. In the first quarter, its revenue reached 47.2 billion euros, up 14% compared to the first quarter of 2022 . With 1.47 million vehicles sold worldwide in the first three months of the

In France, in Europe and all over the world, the automotive industry is picking up.

The supply of semiconductors begins to relax.

Production is restarting at a more sustained pace.

Stellantis takes advantage of this.

In the first quarter, its revenue reached 47.2 billion euros, up 14% compared to the first quarter of 2022

With 1.47 million vehicles sold worldwide in the first three months of the year, the group with 14 brands - including Peugeot, Citroën, Opel, Fiat, Chrysler - improved its sales in volume by 7% over one year. .

A recovery "

largely due to improved deliveries of semiconductors

," confirmed the group's chief financial officer, Richard Palmer.

OEMs, suppliers and distributors have been waiting for the industry to rebound for months after more than two years of disrupted supply chains, plummeting sales and discouraging delivery times.

Car sales are actually…

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