Fca, BMW, Vw and more: who goes up and who goes down in the European car market
The acceleration of FCA in the European car market (while Vw, Bmw and others slow down). All Acea data
Drastic slowdown in car registrations. Due to Covid, which led to a general lockdown between March and May in many Europeans and to uncertainty in the following months, including those we are experiencing, the 2020 car market is still far from the performance of 2019.
Sales fell by almost 30% in 10 months, with October marking a less heavy after the +1.1 recorded in September. All the details.
CAR REGISTRATIONS A (ALMOST) -30%
Let's start with the numbers. Car sales in Europe (EU + Efta + Gb) in the 10 months of 2020 amounted to 9,696,928 units, down by 27.3% compared to the first ten months of 2019, according to data from Acea, the association of European manufacturers .
THE NUMBERS OF OCTOBER
Looking at the month of October, sales, 1,129,163 units, recorded a decline of 7.1%, compared to the same month a year ago. This is a very heavy minus sign, after + 1.1% in September, the first positive sign of the market for eight months now.
THE NUMBERS OF ITALY
Italy does less worse than the EU average in October: sales fell by 0.2% to 156,958 units. If it extends to the first 10 months, however, the drop is 30.9% at 1,123,194 units.
FCA IN COUNTERTEND (ON OCTOBER)
And in October also the Italian-American FCA manages to go against the trend, registering 70,172 new cars in Europe (EU + Efta + Gb), 3.2% more than in the same month of 2019 (with Alfa Romeo, however a sharp minus 20%). On the other hand, January-October registrations fell by 30.8% on the same period last year, with the market share rising from 6.1% to 5.8%.
The Renault group also rose by a shy 0.5%.
BMW, VW, DAIMELR: ALL LOSS
A negative sign, however, for all the German industry giants: Volkswagen scores a minus 7.5 (despite Audi having recorded a +19.4); BMW leaves 11.8% of registrations on the road in October and Daimler makes 7.2 less.
Even Psa , which is about to get married with FCA, recorded a negative sign: -5.3% of registrations.
THE COMMENT OF FULVIO COLTORTI
However, it is not just a question of registrations. “Everyone regresses but Italy shares the primacy of the fall in production with France and Poland”, explains Fulvio Coltorti, former head of research and studies at Mediobanca. “By now our position is marginal and we have also been overtaken by Romania and Hungary. The companies that work for the supply chain no longer look to FCA, but to German and Spanish brands. It is unlikely that a situation of this kind does not affect financial equilibrium ”, adds Coltorti in a post on Facebook.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/fca-bmw-vw-e-non-solo-chi-sale-e-chi-scende-nel-mercato-dellauto-europeo/ on Sun, 06 Dec 2020 15:01:42 +0000.