Fiat
Group trimmed its loses across Europe last month after
selling 64,736 new cars, a fall of 5.8 percent
year-on-year; for a change that decline in sales more
closely mirrored the overall market which was down 4.6
percent in October.
According to European
vehicle manufacturer body, ACEA, a total of
998,899 new cars were sold in the region (EU27+ETFA)
last month, a fall of just under fifty thousand units on
October 2011.
With a year-on-year shortfall of four thousand units,
Fiat Group trimmed its own loss in October to 5.8
percent. That meant, amongst its peer group, it
outperformed Renault (-21.2 percent), GM (-14.2 percent)
and Ford (-8.1 percent), while it was only narrowly
behind PSA Peugeot-Citroën (-5.1 percent). The Fiat
Group's market share remained reasonably steady in
October, slipping 0.1 percent to 6.5 percent
year-on-year.
The Fiat brand enjoyed a soft landing: 48,068 units last
month representing a decline of 2.7 percent which
outperformed the overall market and as a result its
October share climbed by 0.1 percent to 4.8 percent
year-on-year.
Lancia and Alfa Romeo didn't fare so well last month,
the former was down 15 percent year-on-year to 6,952
units while the latter lost 17.6 percent to 7,076 units.
(Lancia includes a token number of Chrysler brand sales
in the UK in its overall data). Both brands saw their
European market share slip by 0.1 percent year-on-year
to 0.7 percent.
Meanwhile, the niche
brands were mixed during October, Jeep was up 6 percent
to 2,322 units while the two luxury/performance brands,
Ferrari and Maserati, sold a combined 318 cars, down
15.2 percent on the same period last year.
For the year-to-date, 10,722,859 new cars have been sold
in Europe according to ACEA, down three quarters
of a million units and 6.9 percent on the same period
last year.
The Fiat Group, meanwhile, has a total of 688,468 sales
over the first ten months of the year, and when compared
to 818,544 during the same period of 2011 that's a fall
of 15.9 percent.
It all adds up to
leave Fiat Group as the second worst performer amongst
the main nine groups in Europe, behind Renault (-17.9
percent) and in fact the third poorest of all carmakers
exposed to this market in these terms, behind Renault
and Mitsubishi, the latter which is down 32.4 percent.
The Fiat Group's
market share in Europe has thus contracted by 0.7
percent on the same ten month period last year to stand
at 6.4 percent for the year-to-date.
In volume terms the Fiat brand is the Italian carmaker's
biggest loser for the year-to-date, shedding more than
ninety thousand units year-on-year to rest on 499,876
units after the first ten months of the year, a fall of
15.5 percent. That means the Fiat brand's overall sales
share slips by 0.4 percent year-on-year to 4.7 percent
for the year-to-date.
Lancia (which includes a token number of Chrysler brand
sales in the UK in its data) has 81,428 registrations
for the year-to-date, which means it falls just over
five thousand units and 6.9 percent, and thus matches
the overall market's direction. Alfa Romeo, meanwhile,
has had a disastrous year, its 79,256 units represents a
slump of thirty five thousand units on the same period
last year. While Lancia remains unchanged with a 0.8
percent share of European sales so far this year, Alfa
Romeo drops by 0.3 percent year-on-year to 0.7 percent.
Finally, Jeep has
23,560 sales for the year-to-date (+20.1 percent) while
Ferrari and Maserati combined have 4,348 sales, down
29.7 percent on the same period last year.