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Fiat Group turned in another positive month
of new registrations across Europe last
month, with 101,354 vehicles sold it was up
7.7 pct year-on-year, outperforming a market
which was up by 5.5 pct. |
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In October, new passenger car registrations in Europe
(EU27+EFTA) were 5.5 pct higher than in the same month in 2006,
thanks to one extra working day in the whole region and a
general upswing in most of the main markets, reported European
automotive trade body ACEA this morning. West European
countries improved their results by a sound 4.8 pct and the new
member states remained on a growth path (+11.8 pct). Thanks to this
months’ result and an upturn during the summer, there were
almost 13.6 million cars registered in Europe through October,
1.2 pct more than in the same period last year.
As regards the main markets, only Germany saw its
registrations drop once more in October (-4.1 pct).
Influenced by an increase in sales taxes in January 2007, new
car registrations in Germany are likely to remain well below
2006 level until the end of the year. In contrast, France
(+9.1 pct), Italy (+8.5 pct), the UK (+8.4 pct) and Spain (+3.4
pct) showed
a surplus in their registrations. So did all the remaining EU15
countries with the exception of slightly declining Austria and
Finland (-1.4 pct and -0.5 pct, respectively). Most of the new EU
members posted solid growths, and the most dynamic markets were
Lithuania (+56.8 pct), Slovenia (+26.4 pct) Bulgaria (+19.3 pct) and
Poland (+18.2 pct).
New passenger car registrations in Europe showed an increase
of 1.2 pct between January and October 2007 compared with
the first ten months of 2006. A continuous upturn in the new EU
members (+14.9 pct) and the October growth in the whole region
positively influenced the cumulative ten-month figures. Of the
largest markets, Germany (-7.6 pct) and Spain (-1.5 pct) reduced their
losses and the UK (+2.5 pct), Italy (+6.9 pct) and France (+1.2
pct)
strengthened their results. Apart from Hungary (-7.5 pct), the
number of new cars registered in all other new member states was
above last year’s level.
Fiat Group
turned in another positive month of new registrations
across Europe last month, with 101,354 vehicles sold
(compared to 94,118 in October 2006) it was up 7.7 pct
year-on-year, outperforming a total market which was up
by an impressive 5.5 pct. (ACEA data counting all
27 EU member nations plus the EFTA signatories). This
raised Fiat's overall European new vehicle market share
from 7.5 pct in October last year to 7.7 pct last month.
Fiat also gained more ground than its five biggest car
manufacturing rivals in the European market: VW (+1.6
pct), PSA Peugeot-Citroën (+3.8 pct), Ford Europe (+7.2
pct), GM (+5.2 pct) and Renault (+2.5 pct) all
unperformed the Italian firm. Below Fiat, Toyota was
virtually unchanged (+0.3 pct), while the rest of the
big-ten all had a strong month: BMW Group (+28.5 pct),
Daimler (+11.7 pct) and Honda (+7.4 pct).
Splitting up
the Fiat Group brands, the Fiat brand (including Fiat
Professional and Abarth) was the star performer in the
automotive division as usual: with 81,231 registrations
last month, compared to 73,371 in October 2006, it was
up 10.7 pct year-on-year, raising its European market
share from 5.9 to 6.1 pct. Neither of the division's
specialist brands prospered last month: Lancia saw 9,094
registrations compared to 9,191 in October last year,
putting it slightly down (-1.1 pct) year-on-year, while
Alfa Romeo, with 10,590 cars sold last month, as opposed
to 11,195 during the same period a year ago, lost 5.4
pct year-on-year. This meant Lancia's market share
remains unchanged on 0.7 pct, while Alfa Romeo's shrinks
slightly from 0.9 to 0.8 pct.
After 10
months of the year the Fiat Group has now shifted
1,065,923 units. Compared to last year's January to
October total of 993,669, Fiat is up 7.3 pct
year-on-year, and in the process its share of YTD sales
across Europe rises from 7.4 to 7.9 pct year-on-year.
It's healthy 7.3 pct year-on-year rise is better than
achieved by any of its rivals in Europe, BMW (+6.7 pct)
comes closest. Of its bigger rivals: VW (-0.4 pct), PSA
(+1.0 pct), Ford (+2.6 pct), GM (+2.5 pct) all achieve
only minor fluctuations to their sales, while just above
Fiat, Renault (-6.7 pct) is haemorrhaging sales this
year. In fact after 10 months this year Fiat is just
over 100,000 units behind Renault, while last year it
was more than quarter of a million adrift at this point.
Of the Fiat
Group automotive brands, Fiat (including Fiat
Professional and Abarth) has racked up 831,132
registrations (vs 765,529) during the first 10 months
and is up 8.8 pct year-on-year, Lancia (106,135 vs
100,364) is up 5.8 pct, while Alfa Romeo (123,862 vs
123,388) is also in positive territory, up 0.4 pct. This
means that the Fiat brand raises its total European
share for the first 10 months from 5.7 to 6.1 pct
year-on-year, Lancia is up from 0.7 to 0.8 pct, and Alfa
Romeo remains unchanged on 0.9 pct.
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