European car sales down 0.3% in Oct, FCA bucks trend (2)
Turin, November 17 – The European car market ended the month of October in slight decline but Fiat Chrysler Automobile (FCA) continued to experience growth. The European Car Manufacturers’ Association (ACEA) reported 1,140,742 car registrations in the European Union (EU) and the European Free Trade Association (EFTA) in October, 0.3% less than in the same month in 2015. Over the past three years, the only other month seeing a decline was July 2016, with -1.8%. A breakdown of the major markets is as follows: Italy +9.7%, Spain +4%, UK +1.4%, Germany -5.6% and France -4.0%. Some 12,748, 741 cars were sold over the 10-month period, 6.9% growth on the same period of 2015, with growth seen in all the major markets: Italy +16.7%, Spain +10.8%, Germany +4.9%, France +4.7% and the UK +2.5%. FCA, the Italian-American multinational corporation and currently the world’s seventh-largest automaker, saw a rise in Europe in October despite the general decline, with 75,108 car registrations or +6.6% on the same month in 2015. Since the beginning of the year, some 843,305 FCA cars have been sold, +14.5% on the same period the previous year. The shares of the company rose from 6.2% to 6.6% both in October and for the 10-month period. All the brands of the group are seeing growth, while the largest increase in October was for Lancia/Chrysler (+24.4%) and Alfa Romeo (+21%).