Italy Car Sales Grow 3.9% Year-on-Year in July

Italy Car Sales Grow 3.9% Year-on-Year in July

ROME, Aug 3 (Reuters) – New car registrations in Italy rose ‌in July by 3.9% year-on-year to 123,184 vehicles, transport ministry data showed on ​Monday.

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In the first seven months, ​registrations were up by 8.9% compared ⁠to the same period last ​year, to 1.06 million units.

Italian market ​leader Stellantis , whose brands include Fiat, Jeep, Peugeot and Chinese joint venture Leapmotor, rose ​in line with the market ​in July, with sales up 3.8%, according to ‌Reuters ⁠calculations.

The Franco-Italian automaker’s market share stood at 25.9% last month, according to the same calculations.

Chinese groups continued ​to make ​strong inroads, ⁠with BYD’s year-on-year sales up by 127% to ​4,466 units and a market ​share ⁠of 3.63%, and Chery’s Omoda/Jaecoo brands up 168.5% to 3,786 units.

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Reuters