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Fiat Group had a difficult summer across
Europe, in July it sold 63,146 cars, down
16.4 percent, while in August it added
37,682 units, down 17.7 percent, both months
significantly underperforming the overall
market. It hasn't been helped by a lukewarm
market reception to the new generation Panda
(above). |
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Fiat
Group had a difficult summer across Europe, in July it
sold 63,146 cars, down 16.4 percent, while in August it
added 37,682 units, down 17.7 percent, both months
significantly underperforming the overall market. New
passenger car sales data for July and August comes from
European vehicle manufacturer trade body, ACEA.
In July 722,483 new cars were sold in Europe, down 8.5
percent year-on-year while the Fiat Group's decline at
double that of the market meant its share dropped 0.7
percent to 6.5 percent. Only Daimler performed worse
amongst the main nine carmaking groups in Europe in
July, it was down 17.0 percent. August was just as
unpromising for Fiat Group which again turned in double
the losses of the overall market (722,483 units and down
8.5 percent) which means the Italian carmaker's August
share dropped by 0.6 percent to 5.2 percent. Again,
amongst its peer group it was a poor performer, only
Ford was worse off in year-on-year terms, shedding 28.7
percent.
Most of the Fiat Group brands suffered all summer, the
Fiat brand shifted 46,216 cars in July, down 12.8
percent, and 27,991 in August, off 15.4 percent. That
gave Fiat a 4.8 percent share of Europe sales in July
and 3.9 percent in August. Lancia (which includes a
token number of Chrysler brand sales in its figures)
added 7,208 cars in July, down 21.6 percent for a 0.7
percent market share, and 3,712 in August, a drop of a
quarter (-24.8 percent) which added up to a 0.5 percent
overall share. Alfa Romeo continues to sink fast, and
vies with Mitsubishi to be the worst performing brand in
Europe this year, it was down 30.9 percent to 7,125
units in July and lost a further 31.5 percent in August
to 4,064 units. Alfa Romeo's July market share came in
at 0.7 percent and was 0.6 percent in August.
The niche brands were mixed: Jeep shifted 2,215 units in
July (-8.5 percent) and 1,664 in August (+4.9 percent)
which gave it a 0.2 percent share for both months, while
there was no summer success for the Fiat Group's two
luxury/performance brands, Ferrari and Maserati, they
shifted a combined 382 units in July (-37.4 percent) and
287 in August (-10.8 percent).
For the year-to-date 8,591,968 new cars have been sold
in Europe, six hundred thousand units and 6.6 down on
the same period last year. Fiat Group, meanwhile, has
557,090 registrations which is down one hundred and ten
thousand units and 16.6 percent on the same period last
year. It also means that Fiat Group's market share for
the first eight months of the year drops by 0.8 percent
to 6.5 percent year-on-year. Fiat Group is the worst
performing carmaker in Europe amongst the nine key
groups, slightly adrift of Renault (-16.1 percent) with
PSA Peugeot-Citroën the third weakest having shrunk down
13.4 percent.
The Fiat brand has 401,876 sales for the year-to-date,
down more than eighty thousand units and 16.9 percent on
the same period last year while its market share drops
by 0.6 percent to just 4.7 percent. Lancia (including
the Chrysler brand) is on 67,031 sales which is only 3.8
percent down on the same period last year and
outperforms the overall market. Its market share thus
remains flat on 0.8 percent. Alfa Romeo has sunk nearly
thirty thousand units and 31.1 percent to 65,288 units
for the first eight months of the year and its overall
market share drops by 0.2 percent to 0.8 percent.
The Fiat Group's niche brands are mixed so far this
year, Jeep is up over four thousand units and 29.4
percent to 19,070 units to take a 0.2 percent share of
the European market while Ferrari and Maserati have
notched up 3,825 sales combined which is down 30.4
percent on the same period last year.
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