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Italy joins France, Spain in reporting rise in October car sales
November 3, 2015 11:15 CET
MILAN (Reuters) -- Italy joined Spain and France in reporting increases in October new-car sales.
Registrations in Italy, Europe's fourth-largest car market, rose 8.5 percent last month to 132,929, the country’s transport ministry said, boosted by demand for vehicles from Fiat Chrysler Automobiles and German premium brands.
The October increase compares with double-digit percentage increases in the previous nine months of the year, but also reflects one less working day in October compared with the same month in 2014.
"There are two factors that support the positive trend in the car market: the economic recovery and consumers finally deciding to go ahead and replace vehicles after holding back during the crisis years," industry group Promotor said of the rise.
Italian sales of brands under market leader Fiat Chrysler rose 11 percent during the month, with deliveries of Jeep SUVs more than doubling and those at Fiat rising 16 percent.
FCA's share of the Italian market was 27.6 percent in October, compared with 28.3 percent the previous month, according to Reuters calculations.
Sales of German premium brands showed healthy growth, with BMW rising 27 percent, Mercedes-Benz increasing 27 percent and Audi rising 18 percent.
Italian sales of Volkswagen's namesake brand dropped 6.8 percent.
However, it is still too early to ascertain if the dip is related to the carmaker's emissions scandal as deliveries occur several weeks after purchase decisions and the Sept. 18 exposure of its diesel test-rigging is unlikely to have affected registrations before November.
Spain, France sales
In Spain, registrations rose 5.2 percent in October to 80,005, marking the best October since 2009 and 26 straight months of rising sales, industry association Anfac said on Monday
French registrations increasing 0.6 percent last month, according to data published on Monday by the industry association CCFA. The rise was lower than the 23 percent increase in September, but last month included two fewer working days than October 2014, the CCFA said.