Italian and Spanish new car markets slows in July, but outlook remains positive

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Italy

The best-selling brand was Fiat, which recorded registrations of 29,290 units in July. Parent company Fiat Chrysler Automobiles' (FCA) other brands also recorded gains to varying degrees. The Lancia brand saw a flat performance with sales at 4,487 units while the Jeep brand jumped 18.7% y/y. The Alfa Romeo brand also increased 6.1% y/y to 2,664 units.

After FCA, the second biggest selling brand in Italy was Volkswagen (VW) in second place. However, it struggled with registrations falling by 8.1% y/y to 9,706 units. Third-placed Ford fared better with a gain of 3% y/y to 9,279 units, although the largest gain among the top selling brands was Renault which improved by 15.4% y/y to 8,697 units.

Spain
Opel resumed its position as the biggest selling brand in Spain for the month, as its registrations jumped by 23.2% y/y to 8,089 units. This strong gain was underpinned by a surge in sales for the Corsa, registrations of which more than doubled during the month, as well as the popularity of the Mokka which increased by a third. This, and earlier gains have helped it to maintain its position as the leading brand in the YTD, as its registrations now stand at 61,859 units, a gain of 21.8% y/y.

In second place, Renault grew in line with the market at 5.5% y/y to 8,017 units as growth by the Captur and Kadjar crossovers offset declines for the Clio and Mégane. SEAT also put in a stronger performance compared to earlier months, with a gain of 8.9% y/y to 7,659 units to take it to third place as the Ibiza and Leon both had far stronger months, joined by the Ateca crossover. VW brand sales tumbled by 25% in the market.

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Katie Beck

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