The Fiat
Group saw its European sales nose diving again during
November with the picture getting even more bleak as its
overall market share dropped to 6.3 percent while the
troubled Fiat brand slid to just a 4.5 percent cut of
sales. Highlighting the relentless downwards spiral that
the Fiat Group is currently locked into, it only
narrowly held onto its position as the sixth biggest
carmaker in Europe, finishing November less than one
thousand units ahead of the prestige segment focused BMW
Group.
In total 1,071,895 new cars were sold in Europe last
month (data from ACEA counting the EU27 plus EFTA
signatories), 3 percent down on the same period last
year. Germany was the only major market to post any
growth in November (+2.6 percent) last month while the
downturn ranged from -4.2 percent in the UK to -6.4
percent in Spain, -7.7 percent in France and -9.2
percent in the Fiat Group's home market, Italy.
In November the Fiat
Group missed the party once again as its sales lost 11.7
percent year-on-year, that equated to 67,640 sales last
month versus 76,612 during November 2010 and left it as
the second worst performer amongst the big nine
carmaking groups in Europe, only PSA Peugeot-Citroën
fared worse, down 13.2 percent year-on-year. The biggest
carmaker, VW Group, had no problems last month, up 5.8
percent driven by a 13.1 percent rise for the VW brand.
Behind second-placed PSA, Renault was almost flat (-1.0
percent), before the two American carmakers, GM and
Ford, both suffered, they lost 10.8 and 5.5 percent
respectively. Then came Fiat, before BMW (+1.1 percent),
Daimler (-6.8 percent) and Toyota (+4.2 percent) wrapped
up the key nine groups. Fiat Group's dismal performance
saw its European market share slide from 6.9 to 6.3
percent year-on-year for November.
The Fiat brand
continues to drag the Italian group down and 47,968
units in November was almost ten thousand down on the
same period last year, a decline of 16.3 percent. As a
result the Fiat brand's European market share slips from
5.2 percent in November 2010 to just 4.5 percent last
month. Thanks to the arrival of the new Ypsilon, Lancia
sold 8,894 cars last month, up one and a half thousand
units and 21.8 percent on the same month last year
(Lancia's European total also includes 234 cars sold
under the Chrysler name in the UK last month as well as
a further handful in Ireland). Despite being an almost
exclusively Italian-only brand Lancia also outsold Alfa
Romeo in Europe last month, the sports brand's 8,348
cars was down more than one thousand five hundred units
on the same period last year and equated to a 16.7
percent fall which left Alfa Romeo firmly holding the
Fiat Group Automobiles (FGA) wooden spoon. Lancia and
Alfa Romeo both claimed a 0.8 percent share of the
European market last month, up and down 0.1 percent
year-on-year respectively. Jeep sold 2,055 cars last
month, up 84.5 percent year-on-year to be FGA's best
performer of the month; it was driven by the latest
Grand Cherokee which saw its volumes up 147.1 percent
year-on-year for November. Elsewhere the Fiat Group's
two luxury/performance brands, Ferrari and Maserati, had
a November to forget, a combined 375 units was down a
massive 56.1 percent year-on-year.
For the year-to-date,
12,577,164 new cars have been sold in Europe, down 1.2
percent on the same 11 month period last year. Fiat
Group has 886,178 sales from January to November, and
when compared to 1,004,518 sales during the same period
of 2010, that is a fall of 11.8 percent. That leaves
Fiat as the worst performer amongst the big nine groups
in 2011 and the only one to suffer a double-digit fall.
As a result Fiat Group's market share for the
year-to-date slides from 7.9 to 7.0 percent
year-on-year.
The Fiat brand has
suffered this year as cutting investment in its products
really bites home, coupled to management's continuing
lack of interest in pursuing a focus away from a
traditional overreliance on Italy which is now adding to
the problems. Fiat's 638,550 units for the year-to-date
is down more than one hundred and forty thousand units
and 17.1 percent on the same period last year and its
market share has slumped from 6.1 to 5.1 percent for the
year-to-date in year-on-year terms. There are few
positives for the Fiat brand to cling to, but in
A-segment the outgoing Panda continues to lead the way
with a 15.8 percent share of the market for the first 11
months. The 500 follows closely behind, achieving a 13.2
percent share for the year-to-date. Fiat's most
important model, the Punto, however is really
struggling, it has only managed to grab a 6.4 percent
share of its segment for the first 11 months of 2011.
The Qubo and Doblò remain among the best selling
vehicles in the 'Multispace' segment with a combined
15.9 percent share of the market year-to-date.
Thanks to the upwards
effect of its new Giulietta during the first half of the
year, Alfa Romeo is on a solid 122,401 units for the
year-to-date, up twenty two thousand units and 21.5
percent compared to the same period last year. Lancia is
down just over six thousand units and 6.6 percent to
95,774 units for the year-to-date while Jeep is on
21,675 units and is up 63.6 percent led out by the Grand
Cherokee which is up 53.5 percent for the period. In
terms of year-to-date market share, Alfa Romeo is up 0.8
percent to 1.0 percent while Lancia is flat on 0.8
percent. Jeep is on 21,675 units for the year-to-date,
FGA's best performer in these terms, as it is up 63.6
percent on the same 11 month period last year. Ferrari
and Maserati are having a year to forget across Europe
in 2011, they have sold a combined 7,778 units for the
year-to-date, down by ten thousand units and 55.8
percent year-on-year for the period.