Italy: New car sales down 14.2pct in May image

New car sales in May continued to decline last month (May) according to the official data released by the Transport Ministry today.

In Italy, last month were sold 16,470 new vehicles – down 14.26 percent compared to the same month in 2011. Fiat’s market share was 31.6 percent in May, little changed from 31.4 percent in April.

During the first three months of this year, new car sales fell 20.9 percent from the same quarter a year ago. They fell 10.8 percent in 2011 to 1.74 million cars, dropping for the fourth year in a row.
Among the strongest performers in Italy’s contracting car market in May were Hyundai Motor Co. and Audi Ag, according to figures from Unrae.

Italy’s unemployment rate rose to an all-time monthly high in April, hitting 10.2%, national statistics institute Istat said Friday. The figure, described as “worrying” by an Istat official, represents the second month in a row that the jobless rate in the euro zone’s third-largest economy is in the double-digit zone.

In addition, Italian industrial production probably fell 0.6% in May from April and likely fell 0.5% compared with the month before that, the Confindustria business lobby’s economic research unit said Wednesday.