17.12.2012 FIAT STRUGGLES IN EUROPE DURING NOVEMBER

FIAT PANDA 2012

Fiat had a reasonable November, its 44,442 units was a fall of 7.8 percent but outperformed the overall market to raise its share for November by 0.1 percent to 4.6 percent year-on-year.

Fiat Group continued to see its sales slide in Europe through November, the Italian firm posting sales of 59,152 units and dropping 12.8 percent year-on-year, slightly off the overall market which was down 10.1 percent.

In total 965,918 new cars were sold in Europe last month (EU27+EFTA) which was a fall of one hundred and ten thousand units on November 2011. Fiat Group lost more than eight thousand units which pushed its November market share down by 0.2 percent to 6.1 percent.

Amongst the main nine car making groups in Europe Fiat Group was mid pack last month in year-on-year terms, Renault (-27.4 percent), PSA Peugeot-Citroën (-16.0) and GM (-13.1 percent) all fared worse.

Amongst the Fiat Group Automobiles (FGA) brands, Fiat had a reasonable month, its 44,442 units was a fall of 7.8 percent but outperformed the overall market to raise its share for November by 0.1 percent to 4.6 percent year-on-year.

Lancia (which includes a token number of Chrysler brand sales in its figures) though lost more than a quarter of its sales (-26.0 percent) in November as it slipped to 6,598 units and its market share edged down to 0.7 percent. FGA's biggest loser last month was Alfa Romeo which fell 34.0 percent to 5,518 units. Its share for November drifted downwards by 0.2 percent to 0.6 percent. The niche brands were mixed, Jeep was up 15.5 percent to 2,316 units while Ferrari and Maserati sold a combined 278 cars, down 12.9 percent.

After the first 11 months of the year 11,690,109 new cars have been sold in Europe, down 7.2 percent on the corresponding period last year.

Fiat Group has enjoyed no respite to its decline this year, its sales sinking at double the overall market's rate. With 747,956 sales for the year-to-date Fiat Group is down 15.6 percent and one hundred and forty thousand units shy of the same period last year. Amongst the main nine car makers in Europe only Renault Group, down 18.8 percent, has fared worse this year when compared to the same 11 months of 2011. Fiat Group's market share has declined by 0.6 percent to 6.4 percent for the year-to-date.

The Fiat brand has struggled to connect with consumers this year and 544,632 sales over the first 11 months is a fall of ninety five thousand units and 14.9 percent compared to the same period last year. As a result Fiat's market share for the year-to-date drops by 0.4 percent to 4.7 percent.

Lancia closely matches the performance of the overall market so far this year, it is down 8.1 percent to 88,035 cars but keeps its market share steady in 0.8 percent.

Alfa Romeo has had a disastrous year and is down 30.7 percent and nearly forty thousand units to 84,784 units for the year-to-date. It has also fallen behind Lancia - effectively an Italian market focused brand - and its share for the year-to-date has dropped by 0.3 percent to 0.7 percent. Alfa Romeo is also the second worst performing brand in Europe this year in year-on-year terms behind Mitsubishi (-33.0 percent).

Finally Jeep has 25,890 sales for the year-to-date, up 19.8 percent while Ferrari and Maserati have 4,615 sales, down 29.0 percent.

 

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