Stellantis-Owned Aramisauto Sees Used EV Sales Nearly Double in Europe
EU petrol prices jumped 12% between February 23 and March 16 after war-related shipping route disruptions, lifting Aramisauto's used EV share to nearly double since mid-February. Stellantis-controlled Aramisauto saw petrol model sales drop to 28% of transactions, while diesel fell to 10% over the same three weeks.
1. Petrol Price Surge in Europe
Petrol prices in the EU rose 12% from February 23 to March 16 after a key shipping route carrying 20% of global oil supplies was disrupted by the conflict in Iran, pushing consumers to reconsider combustion engines.
2. Aramisauto Used EV Sales Growth
Aramisauto, majority-owned by Stellantis, saw its share of used electric vehicle sales almost double since mid-February, while petrol vehicle share fell to 28% and diesel to 10% of total transactions over the same three-week period.
3. Implications for Stellantis
The rapid shift suggests rising fuel costs can drive consumers toward electric models, potentially boosting Stellantis’s EV distribution channels and influencing future inventory and marketing strategies.