Fiat
Automobiles turned in an impressive January’s sales in
the UK, jumping 68.95 percent year-on-year which was in
fact more than double the growth of the overall market
which itself was up 28.9 percent. Alfa Romeo was also in
positive territory year-on-year for last month, up by
4.76 percent, although it underperformed the overall
market's surge.
Both Fiat and
Alfa Romeo benefitted from the pace of growth in new car
registrations in the UK as the market posted a seventh
consecutive monthly gain despite the cold weather and the
VAT increase which pulled some registrations into the end of
2009. The January 2010 market total of 145,479 units was
16,618 units short of the January 2008 figure but remained
up on January 2009 by 29.8 percent due to the severity of
last year’s decline.
With 3,972 cars
registered last month the Fiat brand was up 68.95 percent on
the 2,351 cars it saw registered during the same period a
year ago and this raised its market share from 2.10 to 2.73
percent year-on-year. With 2,439 registrations notched up in
January the Fiat 500 again broke into the top-ten
best-sellers where the supermini is now establishing itself
as a regular fixture. Alfa Romeo’s total of 374 cars sold in
the UK during January was 17 units up on the opening month
of last year and that gave it a year-on-year rise of 4.76
percent. Fiat’s niche sports brand Abarth saw 68
registrations last month which was up 44.68 percent
year-on-year.
Chrysler Group
had a mixed month and although there were some rises in
sales for the Chrysler and Jeep brands the 20-percent
Fiat-owned carmaker’s UK market has last year collapsed to
just a handful of cars. The Chrysler brand saw just 118
registrations in the UK during January, up 24.21 percent,
Dodge was down 34.38 percent to just 21 cars, while Jeep
fared best in volume terms, albeit with 170 units although
this was in fact up 203.57 percent over a very difficult
last January.
The UK's
scrappage scheme remains a positive influence on consumer
demand, and with its range of smaller, efficient cars, Fiat
Automobiles has been a key beneficiary, and its continuation
into March will ensure that the maximum number of people can
benefit from the budget available. The scheme will now last
until the end of March or when the money runs out, whichever
is the sooner. As the impact of the scheme subsides the
market is expected to slow to 1.817 million units over the
full year – the lowest level since 1993. Volumes are
expected slowly to recover to over two million by 2012.
“The 29.8
percent increase in January new car registrations provides a
better than expected start to 2010 for the UK motor
industry,” said Paul Everitt, SMMT chief
executive. “Scrappage continues to lift demand successfully
and today’s announcement of a continuation of the scheme to
the end of March will allow the maximum number of people to
benefit from the budget that’s still available. “Industry
expects another difficult year with the availability of
finance, consumer confidence and sustaining demand post-scrappage,
key to performance in the second half of the year, but signs
of recovery in the fleet and business sectors are
encouraging,” he concluded.
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