Cars: Italian market -22.6% in February, Stellantis -29.2%

Istat: turnover from services grows by 14.1% in 2021 (ANSA)

110,869 cars sold in Italy in February, 22.6% less than in the same month of 2021.
Since the beginning of the year, registrations have been 218,716, down by 21.1% on the analysis period last year. The data are from the Ministry of Transport.
Stellantis registered 41,859 cars, 29.2% less than in the same month of 2021. The share is 37.8% compared to 41.3%. In the two months, the group’s registrations totaled 80,465, down 28% on the same period last year with a market share of 36.8% (it was 40.3%).
For the Centro Studi Promotor, according to which “the only positive contribution that can be had at this moment is the immediate adoption of the provision for incentives to the sector”. “The budget of one billion per year announced for 2022 risks being insufficient if this figure, as it seems, must cover, not only support for the demand for cars, but also interventions to compensate for the negative impact of the ecological transition on the production of components and employment – underlines the president of Promotor, Gian Primo Quagliano -. And to this is added that, according to rumors filtering from government circles, the incentive structure should be based on modest unitary contributions given to a large number of buyers . The danger of a solution of this type is that the incentives are not very interesting and therefore only go to people who have already made the decision to buy a new car and therefore do not lead to an additional demand “.

Source: Ansa

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