06.07.2010 FIAT'S SALES HALVED IN GERMANY DURING JUNE AS THE MARKET CONTINUED TO LOSE GROUND

FIAT 500 - CANADA
FIAT 500 - CANADA

Fiat Automobiles was one of the biggest beneficiaries as German consumers turned to smaller, more frugal cars such as its Punto, Panda and 500 (above, seen recently at a motor show in Canada as it gears up for its stateside arrival) last year but the Italian carmaker has turned into one of the biggest losers in 2010 as the state incentives that favoured its model mix have dried up.

The Fiat Automobiles brand suffered another shocking month in Germany during June, its sales collapsed by a half, making it the worst performance by a mass market brand during the month, while Fiat Group Automobiles (FGA) sister brands, Alfa Romeo and Lancia, saw their own sales suffering just as badly as Europe's biggest car market continued to struggle in the wake of the recent withdrawal of state-backed incentives.

A total of 289,259 new cars were sold in Germany last month, that was down by 32.3 percent on June 2009, and in fact only three carmakers represented on the market managed to turn in a positive performance in June: BMW/Mini (+0.6 percent) and Land Rover (+8.9 percent). Fiat was the biggest loser amongst the mass market brands but rivals to suffer almost as badly from the slowdown last month included Toyota/Lexus (-48.2 percent), SEAT (-47.4 percent), Renault/Dacia (-45.0 percent), Ford (-39.9 percent), Citroën (-39.7 percent), Opel (-36.9 percent), Skoda (-34.8 percent), Hyundai (-22.6 percent) and VW (-20.4 percent).

Fiat Automobiles was one of the biggest beneficiaries as German consumers turned to smaller, more frugal cars last year, but it has turned into one of the biggest losers this year as the state incentives that favoured its model mix have dried up: last month it saw 8,571 registrations in Germany, that was down by a half (-50.5 percent) on the same month last year and gave the Italian brand a 3.0 percent share of the market for June. Alfa Romeo, suffering from a nosedive in demand for the D-segment 159 sedan across Europe and a slowdown in demand for the MiTo on this market compared to the same time last year saw 867 sales in Germany last month, down 41.3 percent year-on-year, and that added up to it taking a 0.3 percent share of all sales for the month. Lancia was the biggest loser from the FGA stable in Germany during June: with just 159 registrations that added up to a 59.5 percent drop in sales compared to the same month last year.

After the first six months of the year Germany has seen a total of 1,468,791 new car registrations which is 28.7 percent down year-on-year and with only three carmakers, Nissan/Infiniti, Land Rover and Jaguar, managing to post positive performances compared to the first half of last year. The Fiat brand has 43,451 registrations for the year-to-date and has given up all the gains it made last year, it is now down 57.6 percent for the year-to-date and has a 3.0 percent share of the market. Alfa Romeo has 3,548 sales for the year so far, down 46.6 percent on the same six month period of last year and it holds a 0.2 percent share of the market for the year-to-date, while Lancia has collected 809 sales thus far this year and is the biggest FGA loser in year-on-year terms, down 61.4 percent.

Chrysler Group, 20 percent owned by Fiat Group, has little further it can fall on any market in Europe and it saw just 732 registrations combined across its three brands - Chrysler, Dodge and Jeep - in Germany last month, that was down 13.5 percent year-on-year. For the year-to-date the Chrysler Group has a combined total of 3,508 registrations which is down almost a quarter (-22.8 percent) on the corresponding six month period last year.
 

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