Report: Car sales fell in Italy, Spain and France during August

Article by Christian A., on September 4, 2010

As expected, car sales in Italy, Spain and France dropped in August, as government subsidies were phased out or ended. This confirms a depressing outlook for this sector. Italy's dealer association Federauto said that Italian passenger car sales fell by 19% to 63,000 units last month.

Carmakers association ANFAC said that the volume in Spain dropped by 23.8% to 44,578 in August when compared to the previous year. Meanwhile, French sales fell by 9.8%. Italy's new-car sales for 2010 are estimated to be about 400,000 units below the 2.16 million units sold last year.

According to Federauto president Filippo Pavan Bernacchi, for Italian dealers to survive in this market, they have to cut about 15,000 of their current 178,000 jobs. Federauto added that retail sales, which are not affected by automaker and dealer self-registrations, fell by 29% in August.

In Spain, potential consumers were likely to be dismayed as its government subsidies ended at the start of July. At around the same time, the hike in value-added tax was announced. In France, sales fell by 9.8% in August sales as a scrappage scheme was phased out.

A spokesman for industry association CCFA said that the French market is going back to what it was before the incentive scheme. He added that the current level is similar to what it had in August 2009.

He said that he expects that the year would end with sales of over 2 million vehicles. This statement was seconded by Flavien Neuvy, head of the automobile industry research unit at French consumer credit organisation Cetelem.

Topics: italy, spain, france, sales

If you liked the article, share on:

Comments

Recommended

The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away...
by - June 24, 2017
The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
As prices of the original Shelby Cobra have skyrocketed into astronomical proportions, there are firms like Superformance that serve replicas to consumers who demand the same levels of performance at...
by - June 24, 2017
New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
In an interview involving Lamborghini CEO Stefano Domenicali and Automotive News, the topic about the Urus was thoroughly discussed. This super SUV is scheduled to make its debut later this...
by - June 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries