Stellantis reported a 12% increase in vehicle shipments during the first quarter compared to the same period last year, according to company data released Tuesday.

The automaker, which owns brands including Jeep, Chrysler, Dodge, Ram, Peugeot, and Fiat, attributed the growth to strong performance in both North America and Europe, its key markets.

The shipment increase reflects improving demand across Stellantis' portfolio of vehicle brands as the automotive industry continues to recover from previous supply chain disruptions and market challenges.

Stellantis formed in 2021 through the merger of Fiat Chrysler Automobiles and France's PSA Group, creating one of the world's largest automakers by volume. The company has been working to integrate operations and optimize production across its global manufacturing network.

The first-quarter results provide an early indication of the company's performance as it navigates ongoing industry transitions toward electrification and evolving consumer preferences in key markets.