New car
registrations fell sharply across Europe last month,
although Lancia once again proved to be Fiat Auto's star
performer, up more than 10 pct year on year.
At the same time
as this news was being digested, Fiat Auto boss Sergio
Marchionne was conducting a mild reshuffle of his top
management pack, confirming his role, while reducing the
team slightly and reassigning some responsibilities.
LANCIA'S
RECOVERY CONTINUES AS IT RIDES OUT THE FALLING EUROPEAN
TREND
The outlook
across Europe last month was bleak with almost all car
makers registering falls, only BMW and Kia bucking the
steadily downwards trend. The Fiat Auto Division, as a
whole, registered 101,843 new vehicles in March, down 16.7
pct year-on-year.
With a whole raft of new models due to come on stream later
this year, including the new Fiat Punto and Croma, and Alfa
159 and Brera, it was not an unexpected result, as the first
half of the year is very much a case of treading water for
the Italian carmaker.
Breaking the
data down, the Fiat brand registered 72,735 new vehicles
last month (down 20.7 pct from 91,728 units in March 2004),
and Alfa Romeo saw 15,080 new cars depart from the showrooms
(down 15.1 pct, from 17,752 in March 2004). However it was
the Lancia 'luxury' division though that once against raced
ahead, up an excellent 10.5 pct year-on-year, with 13,541
new cars registered, as opposed to 12,254 last March. With
the Ypsilon's popularity continuing unabated, the Musa 'mini
mpv' is now starting to roll out across Europe with a
healthy order book.
Fiat took a 6.2
pct share of the overall market, that comprises of the
fifteen EU member nations plus the EFTA countries, down 1
pct year-on-year. Out of that 6.2 pct, the Fiat brand held
on to 4.4 pct (down 1 pct), Alfa Romeo claimed 0.9 pct (down
0.1 pct) and Lancia took 0.8 pct (up 0.1 pct).
Further
SENIOR management changes AT FIAT AUTO
Meanwhile last
week Fiat Group CEO Sergio Marchionne made several changes
to the senior management team of the Auto Division, the
first alternations to be implemented since the current top
structure was introduced last September.
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