New passenger vehicle registrations rose last month in two of the most important Southern European car markets: Spain and Italy.
The countries in the European region had seen sales battered by a six-year slump following the last great economic downturn, but finally the light at the end of the tunnel seems in close proximity – at least for the carmakers active on the Italian and Spanish markets. Deliveries in Italy went up 9% in October to 121,736 vehicles, according to a statement issued by the country’s transport ministry. Figures compiled by Reuters show that Fiat Chrysler Automobiles’ Italian market share last month was 27.1% – the largest internal producer sliding slightly from 27.7% in September.
New-car deliveries in the (usually) sunny Spain jumped 26% to 76,073 units last month, said car manufacturers’ association Anfac. The increase in October is tallied as the 14th consecutive month of growth, as the Spanish government continues to support buyers and the automakers through a scrappage subsidy program. The October rise mirrors the one accounted in September (another 26% gain), buoyed by the purchasing incentive that awards each owner with a subsidy of 2,000 euros (half from the officials and half from the carmaker) if he decides to scrap his old car and purchase a new one.
Via Automotive News Europe