The Fiat
Group's sales across Europe continued to deteriorate
during September and 82,115 vehicles registered equated
to a year-on-year slide of 7.8 percent and reduced its
overall market share for the month to just 6.5 percent.
That weak result leaves
the Fiat Group still undisputed as the worst performing
major carmaker in Europe for the year-to-date according
to data released by automotive manufacturer body ACEA.
The picture for the Fiat Group is even worse if it
compared to the same month in 2010 when its sales
plummeted by 21.4 percent, double the overall market's
fall at the time.
A total of 1,249,646
new passenger vehicles were sold in Europe (EU27+EFTA)
last month, a figure that was virtually flat
year-on-year (+1 percent). The Fiat Group's 7.8 percent
sales fall (82,115 registrations last month versus
89,102 during the same period last year) left it as the
third worst performer amongst its major peers: ahead of
Toyota (-9.2 percent) and September's biggest loser, PSA
Peugeot-Citroën (-13.3 percent).
During the same month
last year the Fiat Group held onto a 7.1 percent market
share so last month's decline was more than half a
percentage point. The Fiat Group in fact only managed to
sell just over two thousand units more than BMW/Mini,
which took a 6.3 percent share for the month. The Fiat
Group's sales problems stem from a sharp lack of
investment in new models and a continuing failure to
remove its overreliance on its domestic market.
The Fiat brand, as
ever, was the loser and its 58,928 sales in September
compared to 67,537 units during the same month a year
ago was down 12.7 percent and meant its market share for
the month slid from 5.4 to 4.6 percent year-on-year.
Lancia (which now counts Chrysler's handful of UK and
Irish sales within its sales total) has been boosted by
the showroom arrival of the new B-segment Ypsilon and
its September sales rose by 16.9 percent to 9,029 units
while its European market share for the month just gone
was up by 0.1 percent to 0.7 percent. Lancia may also
get some further sales traction in coming months from
two rebadged Chrysler brand models which went on sale in
Italy today.
Alfa Romeo, however,
has seen the positive effect of the new C-segment
Giulietta wearing off and its sales last month were down
2.6 percent to 10,792 as it now tries to survive on a
diet of just two models. It's European market share was
flat at 0.9 percent. Jeep now comes under the umbrella
of Fiat Group Automobiles (FGA) in Europe and its
September sales were up 132.5 percent to 2,730 units to
give it a 0.2 percent share of the market. Finally, the
Fiat Group's two niche luxury/performance brands,
Ferrari and Maserati, continued to suffer dramatic drops
in their European sales and just 636 units - combined
between the two - sold last month was down by 59.9
percent.
After the first three
quarters of the year the sales picture looks bleak for
the Fiat Group: 749,417 registrations is more than one
hundred thousand units less than the same nine month
period last year. That adds up to a 12 percent
year-on-year fall and makes Fiat comfortably the worst
performer amongst its peers - and in fact the only one
to have posted a double-digit loss for the year-to-date.
Market share for the period slips thus from 8.1 to 7.2
percent year-on-year. It also comes on the back of a
dismal September 2010 when sales had slumped by 14.2
percent - and means that in two years the Group's sales
collapse for the first nine months stands at nearly a
quarter of a million units.
The Fiat brand is the
main loser for FGA for the year-to-date: 540,925 units
is down eighty five thousand units and 17.6 percent
year-on-year and means market share slips by 1 point to
5.2 percent for the nine month period in year-on-year
terms. Alfa Romeo is up by almost a third (+32.1
percent) for the year-to-date to 105,434 units to see
its overall share of sales up from 0.8 to 1.0 percent
year-on-year while Lancia (including Chrysler) is down
10.7 percent to 78,675 units to keep its share steady at
0.8 percent. Jeep is up by more than a half (+54.8
percent) for the year-to-date to 17,432 units while
Ferrari and Maserati go the opposite way, their sales
have more than halved (-55.9 percent) to 6,951 units
combined.