Fiat Group saw its new
car sales continue to slide right across Europe
throughout November: once again it held tightly onto the
wooden spoon as it was the biggest loser of all the
major carmaking group's, losing nearly a quarter of all
its sales year-on-year which was more than three times
worse than the overall market's dip of 6.5 percent.
The data, released this
morning by European automotive body ACEA covers
the twenty seven members of the European Union (EU) plus
the three members of the European Free Trade Agreement
(EFTA). In fact the Fiat Group was the worst performer
of any carmaker in Europe last month - large or small -
except for the fading carcass of the Chrysler Group, in
which the Italian firm ironically owns a 20 percent
stake.
Fiat has hampered by the
Italian market, where it is always over reliant, which
is at present losing a lot of ground after the ending of
state "eco" incentives in the spring and an
artificially-distorted end to last year when there was a
surge before the 'scrappage' scheme's cut-off. The Fiat
Group is also suffering from its mix of ageing models, a
lack of consumer favour for the mid-life facelifted
Punto, the Punto Evo, and being unprepared for the
arrival of Euro 5 regulations.
In
November, demand for new passenger cars fell by 6.5
percent in Europe (EU27+EFTA), and amounted to 1,106,598
units. All major markets contracted, from 6.2 percent in
Germany to -10.8 percent in France, -11.5 percent in the
UK, -21.1 percent in Italy and -25.5 percent in Spain.
The general downturn led to a 7.1 percent drop across
the EU, compared to last year when the month of November
recorded the largest increase (+27.1 percent) of 2009,
rebounding from the previous 25.7 percent plunge in
November 2008.
The
Fiat Group sold 74,194 cars during November, which was
twenty three thousand units less than the same month a
year ago (97,301 in November 2009), to add up to a
year-on-year fall of 23.7 percent and which contracted
its market share from 8.2 to 6.7 percent year-on-year.
That
result left Fiat Group languishing in sixth place
amongst the carmaking groups in Europe and only 8,000
units for the month ahead of seventh placed BMW Group.
As ever VW Group (-5.2 percent) was the big seller with
PSA Peugeot-Citroën (-9.5 percent) in its usual second.
Demonstrating just how far the Fiat Group has taken its
eye off the ball over the last year or so, a
historically time honoured trait for the Italian
carmaker when times are good, Renault (-12.1 percent),
which the Fiat Group had not so long ago overhauled, was
the third best-selling group in Europe for November and
was in fact more than forty thousand units ahead of the
Fiat Group. Fourth place went to GM (+4.6 percent), the
European arm of the American carmaker had been
overhauled by the Fiat Group this time last year but
last month it was almost twenty five thousand units
ahead of the Italian firm. Ford (-14.7 percent) was the
final carmaker to finish November ahead of Fiat Group:
it had a cushion of ten thousand units.
Splitting up the Fiat Group Automobiles' (FGA)
portfolio, the Fiat brand suffered again last month,
57,208 units registered during November compared to
78,640 during the same month a year ago was down 27.3
percent year-on-year, and resulted in a slide in its
market share for the period from 6.6 to 5.2 percent
year-on-year. Alfa Romeo however provided a much
brighter note, its 10,023 units last month, driven by a
strong reception for the new C-segment Giulietta, was up
by a quarter (+25.6 percent) year-on-year and that
allowed its European market share to climb by 0.2
percentage points year-on-year to 0.9 percent for
November. FGA's other niche brand, Lancia, however went
the other way: 6,619 units last month added up to a
year-on-year fall of 35.6 percent and a year-on-year
reduction in its market share by 0.3 percentage points
to 0.6 percent for November. Of the Fiat Group's two
performance/luxury brands, Ferrari and Maserati sold a
combined total of 344 cars last month, down 14.0 percent
year-on-year.
From
January to November, a total of 12,736,102 new cars have
been registered in Europe (EU27+EFTA), or 5.1 percent
less than over the same period last year. From January
to November, the UK (+3.4 percent) and Spain (+5.9
percent) have performed better than in the same period a
year ago. France (-2.4 percent), Italy (-8.2 percent)
and Germany (-25.2 percent) contributed to the overall
5.7 percent downturn across the region. The largest
expansion was noted in Ireland (+54.0 percent).
With
just one month of the year remaining the Fiat Group
still hasn't breached the one million units sold
barrier, it's now on 971,201 units for the year-to-date
which leaves it two hundred thousand units adrift of the
same period last year and down 16.9 percent
year-on-year. That leaves it equally with Toyota (-16.9
percent) as the worst performer amongst the big
carmaking groups in Europe for the eleven month period.
Consequently the Fiat Group's market share for the
year-to-date slides from 8.7 to 7.6 percent. The Fiat
brand has 77,458 registrations for the year-to-date,
down 18.5 percent, and that reduces its market share for
the year-to-date, year-on-year by one percentage point
to 6.1 percent. Alfa Romeo's timely boost from the
Giulietta has narrowed its year-on-year fall to just 3.0
percent which also means it outperforms the overall
market. For the year-to-date the 'sports' brand has sold
100,759 cars in Europe while its market share for the
year-to-date taken year-on-year remains unchanged on 0.8
percent. Lancia has edged up to 92,886 units for the
year-to-date which is down twenty thousand units and
17.5 percent year-on-year. It's market share for the
year-to-date slips slightly from 0.8 to 0.7 percent
year-on-year. The Fiat's Group's niche brands, Ferrari
and Maserati, have a combined total of 6,098 units for
the year-to-date which is up 0.3 percent year-on-year.
The Chrysler Group
continues on its road to European oblivion without any
pause for breath: 2,293 units last month combined across
its three brands - Chrysler, Dodge and Jeep - was down
35.8 percent year-on-year (3,573 units in Nov 2009),
making it the worst performer of any carmaker in Europe
for the penultimate month of the year and its market
share for November came in at just 0.2 percent. For the
year-to-date it is also untroubled as the worst
performer too, 34,127 units combined across its brands
is down more than twelve thousand units and 27.2 percent
on the same period last year (46,813 units Jan-Nov
2009).|