Photo: Fiat
All of Europe’s automotive sector is clearly in big trouble, as the continent’s major automaking nations have reported significant sales and registrations decreases in 2012, compared to 2011. The situation in France and Spain is bad, but according to the official figures, Italy is doing even worse!
Back in 2011, around 1.7 million vehicles were sold in the country, and that number has fallen quite significantly. By the end of 2012, only 1.4 million vehicles found owners in Italy, marking a steep 19.9% drop over the previous year. Furthermore, the decline also marks a thirty-year low for the country, and things are not looking up.
For instance, in December of last year, the decrease was higher than the yearly average, reaching 22.5%, when compared to the same month of 2011 - only 86,735 new cars were sold in the whole of Italy.
Fiat has also been hard hit by the problem, and 2012 represents yet another low point in the automaker’s history, however, here it is the lowest spot in 33 years.
If the trend continues, by the end of 2013, only 1.33 million vehicles will have been sold, according to Credit Suisse analyst, David Arnold, who was quoted as saying: “The new car market continues to decline – a trait which we anticipate will continue through the course of 2013.”
For instance, in December of last year, the decrease was higher than the yearly average, reaching 22.5%, when compared to the same month of 2011 - only 86,735 new cars were sold in the whole of Italy.
Fiat has also been hard hit by the problem, and 2012 represents yet another low point in the automaker’s history, however, here it is the lowest spot in 33 years.
If the trend continues, by the end of 2013, only 1.33 million vehicles will have been sold, according to Credit Suisse analyst, David Arnold, who was quoted as saying: “The new car market continues to decline – a trait which we anticipate will continue through the course of 2013.”
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