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Car sales in Italy +16.19% in November - Industry and Analysis

2023-12-01T17:18:40.824Z

Highlights: Car sales in Italy +16.19% in November - Industry and Analysis. Since the beginning of the year, registrations have increased by 20.1%. Stellantis, +9.8% in Italy (ANSA). In November, 139,278 cars were registered in Italy, with an increase in the same month of 2022 by 16.19%. The final balance for the first eleven months closes at 1,455,271, an increase of 20. 1% over the same period of 2022.


Since the beginning of the year, registrations have increased by 20.1%. Stellantis, +9.8% in Italy (ANSA)


In November, 139,278 cars were registered in Italy, with an increase in

on the same month of 2022 by 16.19%. The final balance for the first eleven months closes at 1,455,271 with an increase of 20.1% over the same period of 2022. The data are from the Ministry of Transport.

Stellantis sold 40,808 cars in Italy in November, 9.8% more than in the same month in 2022, according to data processed by Dataforce. Market share is 29.3% compared to 30.9% a year ago.

In the eleven months, the group registered 472,715 cars, up 10.1% compared to the same period last year. The share is down from 35.4% to 32.5%.

In the eleven months of 2023, there is still a drop of as much as 18.1% compared to the same period in 2019. This is highlighted by the Promotor Study Center.
Chairman Gian Primo Quagliano believes that by the end of the year, registrations will reach 1,576,000. "The pre-pandemic level, which was and is the goal to be achieved, therefore remains far away," he explains. The November economic survey by the Promotor Study Center on a representative sample of dealers highlights that 2023 sales were held back by three factors: the economic situation of households aggravated by the reduction in purchasing power due to inflation, the decidedly high levels reached by the price lists and the general economic situation.
The situation is particularly critical for sales of electric cars, whose share in Italy is close to 4% compared to 15.2% in Western Europe. The focus in this market phase therefore remains on two objectives: how to return to pre-crisis levels? How to launch the electric car? The survey of dealers highlights considerable caution for the coming months. 63% indicate low levels of orders acquired in November, while 33% indicate low levels of car stocks at dealerships with consequent delivery difficulties even for cars ordered for some time, 49% indicate high levels of prices and 44% expect, among other things, further increases in car price lists. The outlook for 2024 therefore does not look favourable. On the other hand, in the face of a GDP growth forecast of 1% for 2024, there are the unknowns related to the return of the Stability Pact, the suspension of which in 2020 made it possible to quickly recover from the pandemic-related collapse in GDP, and whose return could reopen old wounds. The Promotor Study Center's forecasts for the car market in 2024 will be released on December 5 at 11 a.m. at the annual press conference to be held in Milan at the Hotel Melià.

"Given the persistence of the delay in terms of energy transition, UNRAE reiterates the urgency of intervening on the current incentive scheme, through a measure that interrupts the press rumors and the wait-and-see attitude that has been created on the market, which is not yet reflected in the registration data". This was stated by President Michele Crisci. "This revision - he explains - should include changes to the current rules, accepting the requests of UNRAE to raise the price cap and extend the incentive to all companies with full amount bonuses, to make the same rules more usable, more directed to European targets and useful for an accelerated renewal of the fleet".
But the revision of incentives alone is not enough: "We recall once again - adds Crisci - the need for a revision of the tax regime of company cars in mixed use, which could be quickly implemented through the implementing decrees of the Tax Delegation, in order to promote the competitiveness of Italian companies, as well as relaunch a sector that, with the rapid replacement of company vehicles, it is able to accelerate the renewal of the overall circulating fleet".

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Source: ansa

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