After four months of declines, the Italian car market was flat in October, up 0.1% on the same month a year ago, but with one extra working day (22 days versus 21 in October 2005.)
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186,891 passenger cars were registered, up from 186,744 a year ago, according to data from the ministry for infrastructure and transport.
Year-to-date, the market was up 3.7% with 1,987,632 cars registered between January and October, compared to 1,915,204 a year ago.
According to the Italian automotive industry trade association ANFIA, the figures reflect the fact that consumers are acting cautiously as new tax laws are being introduced, but strong incentives and discounts currently on the market have encouraged people to buy nevertheless.
For the full year ANFIA is forecasting a market of 2.3m units.
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By GlobalDataFiat is continuing to gain share in its domestic market as the company successfully turns itself around. Fiat brand sales were up 11.5% giving it a share of 24% in the market, up from 21.5% a year ago. For the year-to-date Fiat’s share was 23.35, up from 20.44% a year ago, and 18.5% up in volume terms to 464,000 units.
The Alfa Romeo brand is also recovering with sales up 16.6% year-to-date to 61,711 units, but Lancia sales are down slightly (-0.57%) to 85,339 units in the January-October 2006 period.
Those losing market share to Fiat include Renault, Peugoet, Citroen and Opel, while Ford and Volkswagen are managing to maintain share.
