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Italy slump continues as November car sales fall 5%

2013-12-06 10:50:12     by

Tags: Italy car sales fall 5%

  New-car sales in Italy fell 5 percent in November from the same month a year ago to 102,201 vehicles, Italy's transport ministry said.

  The figure follows a slide of 6 percent in October and drops of 3 percent and 7 percent in September and August, respectively.

  The last time monthly sales rose year-on-year in Europe's fourth-largest car market was in August 2011, the ministry's data shows.

  Sales at Fiat Group, which has drastically reduced investment to ride out the crisis and pursue a buyout of Chrysler Group, fell 12 percent in November to 27,800 vehicles, the company said.

  Its share of the Italian market dropped to 27.2 percent in November from 29.6 percent in the same month last year.

  French, Spanish sales

  In France, new-car registrations declined 4 percent to 138,298 in November, after rises in October and September, the CCFA auto industry association said on Monday.

  But registrations would have shown an increase of 6 percent if the data were adjusted for the reduction in business days compared with November 2012, the association added.

  Sales of new cars in Spain jumped 15 percent in November, the third consecutive monthly increase, helped by government subsidies, car manufacturers' association ANFAC said yesterday.

  There were 55,450 new cars registered in November, compared with 48,155 in November 2012, despite one fewer working day.

  However, ANFAC said its forecast for about 720,000 new cars to be sold this year was well short of the 1.2 million to 1.3 million it would expect for a country with Spain's per capita income and economic development.


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