One of the main justifications for the merger of PSA Group and Fiat Chrysler into Stellantis was the promise of creating a European champion that will create billions in annual savings through shared model development and production.
The latest sales figures seem to indicate that, at least on the sales side, the merger is off to a solid start: Stellantis was the No. 1 automaker in Europe in the first two months of this year, when both passenger cars and light-commercial vehicles are accounted for, according to industry group ACEA.
Before the merger, which was finalized in January, the Volkswagen Group had long led the pack – although combined figures from PSA and FCA have been higher in certain years.
According to figures from ACEA, Stellantis has sold 480,888 light vehicles in the 30 countries it tracks, while VW Group has sold 452,400. VW remains on top in passenger car sales, with 419,855, but it had only 32,545 light-commercial vehicle sales.
In comparison, Stellantis had 377,244 passenger car sales, but 103,644 LCV sales. The Peugeot 208 small car was the best-selling model in Europe in February, a position long held by the VW Golf.
Last year VW held the European crown with 3.23 million sales, compared with 3.03 million for PSA and FCA combined. VW’s dominance in passenger cars – it sold about 450,000 more than PSA/FCA – was enough to make up for a 400,000-unit deficit in LCVs.