After France and Spain posted earlier their own bad results for the August car sales, it is now time for Italy to join the crowd, with a rather steep 6.56% decline.
New car sales in the peninsula, Europe’s fourth-largest car market, fell 6.56% in August from the same month a year ago to 52,997 vehicles, Italy’s Transport Ministry said yesterday.
European car sales fell to a 20-year low in the first half of 2013, and are in their fifth year of decline. However, Italy’s monthly drop in July was the smallest year-on-year since April 2011, indicating Italy’s market may be stabilizing.
Fiat’s market share was 29.6% in August, in line with 29.2% in July, according to calculations made by Reuters.
) - Tuesday, September 3rd, 2013 - filed under Industry
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