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Alfa Romeo's
new Giulietta is currently one of the few
bright spots for Fiat Group Automobiles and
it helped the sports brand to raise its
European market share year-on-year last
month despite a recent sharp decline in
demand for its smaller sister, the MiTo, and
the virtual disappearance of the D-segment
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The
Fiat Group suffered another torrid month across Europe
during October, its summer and autumn long sales decline
showing no sign of easing up: the Italian carmaker's
registrations slumping by almost a third year-on-year,
well over twice the market's overall decline. That left
the Fiat Group once again holding the wooden spoon as
the worst performing carmaker in Europe for the month
just gone.
New
car registrations in the EU+EFTA region dropped 16.1
percent year-on-year while in just the EU they decreased
to 1,027,036 units in October, marking a 16.6 percent
contraction compared to October 2009. Ten months into
the year, demand for new cars in the EU has decreased by
5.5 percent, totaling 11,279,542 new vehicles
registered.
In
October, all major markets faced a double-digit
downturn, ranging from -18.5 percent in France, to -20.0
percent in Germany, -22.2 percent in the UK, -28.8
percent in Italy and -37.6 percent in Spain, which
recorded the steepest decrease across the EU. In
comparison, October 2009 saw an 12.1 percent upturn in
EU registrations compared to 2008, when figures were
down 14.9 percent compared to October 2007. From January
to October, the UK (+4.8 percent) and Spain (+9.4
percent) saw their markets expand, while France (-1.4
percent), Italy (-7.0 percent) and Germany (-26.8
percent) performed less well than over the same period
last year. The largest drop was noted in Bulgaria (-35.6
percent) and the biggest increase in Ireland (+53.2
percent).
October was another bleak month for the Fiat Group,
sales plummeted by more than thirty five thousand units
year-on-year (EU+EFTA): from 109,689 units in October
2009 to 73,774 units last month which added up to a
year-on-year fall of 32.7 percent and thus that meant a
contraction in its market share from 8.7 to 6.9
year-on-year for the month just gone. It left Fiat Group
as the worst performing major car making group in Europe
during October, Ford (-29.3 percent) was the next
biggest faller, although its data is distorted by the
deduction of Volvo which accounted for twenty thousand
units sales last month, and then came the other big
loser this year, Toyota (-27.8 percent).
Splitting up the Fiat Group Automobiles (FGA) brands,
the Fiat brand was the group's big volume loser,
shedding thirty thousand units as customers shunned its
products. The ending of the pan-European scrappage
schemes and in particular sharp falls on its home market
as well as a general return to favour of bigger cars, a
poor product mix, a luke-warm reception for the mid-life
facelifted version of its best-selling model, the
B-segment Punto, and a lack of preparation for the
arrival of Euro 5 legislation, have all been factors
that have contributed to Fiat's problems in the
showrooms. The Fiat brand shifted 56,331 cars last month
in Europe, down from 88,503 units during the same period
last year, a year-on-year fall of 36.4 percent which
thus saw its market share for the month of October
declining from 7.0 to 5.3 percent. Lancia was FGA's
biggest year-on-year loser last month, its 6,334 units
sold left it down 43.2 percent year-on-year and shrunk
its market share from 0.9 to 0.6 percent for the month
year-on-year. Alfa Romeo, driven by demand for the new
Giulietta, however was able to post a strong
performance: 10,778 units last month compared to 9,570
during the same period a year ago added up to a
year-on-year rise of 12.6 percent and helped its share
of all European sales to jump from 0.8 to 1.0 percent.
The Fiat Group's two luxury/performance brands, Ferrari
and Maserati, sold a combined 331 cars last month in
Europe and that added up to a fall of 30.0 percent
year-on-year.
With just one month of
the year left to go the Fiat Group has sold 896,467
vehicles in Europe (EU+EFTA), that is more than one
hundred and seventy thousand units down on the same
eleven month period of last year when the Italian
carmaker had already passed the one million sales mark
(1,071,674 units Jan-Nov 2009) and equates to a
year-on-year decline of 16.3 percent for the
year-to-date; that's more than three times the overall
market's decline. It keeps Fiat Group up there as the
worst performer amongst the big carmaking groups in
Europe, level pegging with recall-hit Toyota (-16.5
percent). All three FGA brands have contributed to the
decline this year. The Fiat brand is on 713,905
registrations for the year-to-date which, when compared
to 867,801 units during the same ten month period last
year, is down 17.7 percent and its market share thus
drops a full percentage point to 6.1 percent for the
year-to-date. Lancia is on 86,234 units for the
year-to-date, down 15.7 percent and its market share for
the period slips by 0.1 percent to 0.7 percent for the
year-to-date while Alfa Romeo has the gentlest fall, its
90,607 units puts it down 5.5 percent year-on-year for
the period while its share of the overall market remains
unchanged on 0.8 percent. The Fiat Group's prestige
brands, Ferrari and Maserati have a combined total of
5,721 units for the year-to-date, up a useful 0.8
percent on the same period last year.
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