01 October 2018

Comment on FCA Sales in Italy during the Third Quarter

 

Fiat Chrysler Automobiles sales in Italy totaled 95,000 vehicles during the third quarter of 2018, with market share at 25.7%. In July and August, sales growth was significantly higher than the average, reflecting introduction of the WLTP regulation with an expected subsequent correction in September.In addition to the impact of the new regulations, FCA's sales results for the quarter reflected, as already noted in July and August, the increasing contribution toward the latter part of the year of retail and Pure Fleet sales.For the nine months year-to-date, FCA sales in Italy totaled 398,000 vehicles and market share was 26.7%.In this particularly complex market environment, Jeep brand achieved a record market share for the quarter (4.7%) with sales increasing 55% year-over-year. The brand also posted a strong year-to-date performance with Italian sales up 87% over the same period in 2017 to 65,400 vehicles.
FCA performed well in the September rankings with a total of four models in the top ten. These included the Fiat Panda, Lancia Ypsilon, Fiat 500 and Jeep Renegade.

 

The introduction, from September 1st, of emissions regulations requiring all new vehicles to be Euro 6C or 6D-TEMP compliant resulted in atypical market conditions during the summer quarter. In fact, July and August sales were significantly higher than the average (also reflecting introduction of the WLTP regulation) with a subsequent correction in September. Accordingly, the year-over-year comparison is for the full quarter as this provides a more meaningful result. This situation will stabilize in the fourth quarter with the depletion of Euro 6B stock.

 

During the third quarter, Fiat Chrysler Automobiles sold 95,000 vehicles with Italian market share at 25.7% for the period.
Year-to-date, Group sales totaled 398,000 vehicles and market share was 26.7%.
This result was driven by FCA's leading models and the Group maintained a strong presence in the rankings once again in September with a total of four models in the top ten. These included the Fiat Panda, Lancia Ypsilon, Fiat 500 and Jeep Renegade.

 

Jeep posted another strong quarter with more than 17,300 vehicles sold. This represented a 55% year-over-year increase with market share up 190 basis points to 4.7%, the brand's all-time record in Italy.
Year-to-date, brand sales were up 87% to more than 65,400 vehicles and market share was 4.4%.
The Jeep Compass and Jeep Renegade both posted positive results for the quarter. The Compass continued among the leaders in its segment with an 8% segment share, while the Renegade ranked in the Italian top ten for the period and achieved a 12.9% segment share.

 

Alfa Romeo continued its positive momentum with more than 10,100 vehicles sold during the quarter and market share increasing 20 basis points to 2.7%.
Year-to-date, sales were up 6% to more than 37,400 vehicles and market share was 2.5%.
The Stelvio continued as leader in its segment with a 12.3% share for the quarter.

 

Fiat brand sales totaled more than 59,500 vehicles for the quarter and market share was 16.1%.
Year-to-date, brand sales totaled 260,000 vehicles and market share was 17.4%.
The Panda was overall market leader for the quarter and also first in the A segment with a 36.9% share. The 500 was fourth overall and second in the A segment. Together, these the two models held a combined 48.5% share of the A segment. The Tipo was leader in the C segment with an 11.5% share, while the 500L continued as one of the best-sellers in its segment with a 25.6% share. The new version of the 500X has already proven popular with customers and ranked among the leaders in its segment with an 11% share. Finally, the Qubo was leader in its segment for the period with a 40% share.

 

Lancia sales totaled 8,100 vehicles for the quarter and market share was 2.2%.
Year-to-date, sales totaled nearly 35,300 vehicles and market share was 2.4%.
The Ypsilon posted another positive result and continued as one of the best-selling vehicles in the Italian B segment.

 

London, 1 October 2018

 

For additional information

+39.011.0063088
mediarelations@fcagroup.com

www.fcagroup.com

 

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