Italian Automaker Fiat Chrysler Automobiles NV ( FCAU) Tuesday reported that passenger car sales in Europe went up 16.0 percent in the month of July to 75,000 vehicles and 13.9 percent in August to 40,000 units. For both months, the year-over-year increase was higher than the industry average.
This result is significant given that Italy, the Group’s principal market in Europe, typically experiences a seasonal drop in vehicle registrations in August, the company noted.
The Fiat brand registered a 13.6 percent sales increase in July and an 8.3 percent increase in August. Alfa Romeo also posted a positive result in August, with sales up 7.3 percent.
The European passenger car market continued the positive trend during the summer period, with new vehicle registrations up 11.5 percent in August to nearly 782,000 units and 9.5 percent in July to 1,184,000 units.
So far this year, sales were up 17.1 percent year-to-date in Italy, 9.2 percent in Germany, 13.3 percent in France and 28.8 percent in Spain.
For Ferrari and Maserati, the Group’s luxury brands, European sales totaled 849 vehicles in July, 400 in August and 6,237 for the year-to-date.