Continue the negative period for the Italian car market. Also the In fact, the month of October closes with a minus sign. According to the data communicated by UNRAE, there were overall 126,488 cars registered compared to 139,078 in the same month of 2023. So let’s talk about one decline of 9.1%. The last negative months have eroded almost all of the growth of 2024. From January to October, in fact, 1,328,663 cars were registered, just 0.96% more than the 1,316,001 units in the same period in 2023. Looking ahead to 2019 , the year before the pandemic, the market is down 18.3%.
UNRAE revised down its previous July forecast for 2024 by 30,000 units, due to a third quarter below expectations with no prospect of the fourth quarter being able to catch up. The total volume of registrations is now expected to be 1.59 million cars, with a modest increase of 1.5% over 2023, still at a strong deficit (-17.0%) compared to pre-Covid, also due to a persistent weakening of families’ purchasing power.
For 2025, the prospects are for a market with a flat trend, with around 1.6 million registrations, a far cry from the around 2 million in 2019.
Looking to the future, UNRAE said it was very concerned about the Government’s decision to reduce the Automotive Fund for the period 2025-30 by 4.6 billion euros (80% of the total). For this reason, the association invites the executive to review its choices.
The results of the month are a clear confirmation of the need to pay attention to the transition path in our country towards sustainability. The urgency of refinancing the Ecobonus for the next few years clearly emerges. It is a priority to revoke the decision to cut the automotive fund, but also to identify new measures that allow the challenging objectives set by the EU for the sector to be achieved.
Returning to the data for the month of October 2024, on the users’ frontprivate individuals rise to 64.4% share. Car registrations fell sharply, falling to a 9.8% share in the month. The decline in long-term rental continues in October, losing 1/4 of registrations, stopping at 18.3%, due to the strong contraction in volume of the main Top companies, accompanied by a decline also in Captives. Short-term rental also fell, falling to 1.2% in October. The companies dropped to 6.3% share in the month.
As regards, however, the feedingsin October the petrol engine, with a decline in line with the overall market, confirmed its 27.5% share. Diesel lost another 2.1 points in October, falling to 13.1%, while LPG lost 0.7 points, stopping at 9.2% in the month; CNG registers just 3 cars in the month. Hybrid cars rose to 42.8% share, with 13.5% for “full” hybrids and 29.3% for “mild” hybrids in October.
After the blaze of September, the BEV cars in October fall to 4.0% sharewhile PHEVs stop at 3.4%.
Speaking of Automotive groupsStellantis closed the month of October with -27.84% (Alfa Romeo 1,810 / -25.70%; Citroen 2,927 / -43.17; DS 400 / -13.79%; Fiat 9,194 / -43.38% ; Jeep 6,084 / -10.77%; Peugeot 6,907 / +27.36%). The Volkswagen Group, however, recorded a +4.63% (Audi 5,408 / -6.52%; Cupra 1,320 / -19.51%; Lamborghini 59 / +180.95%; Seat 760 / -32.50% ; Skoda 3,511 / +30.62%; Volkswagen 10,928 / +12.05%). Then we have the Renault Group with a drop of 6.27% (Dacia 7,705 / -4.59%; Renault 7,068 / -8.03%).
[Fonte dati: UNRAE]
Italian Car Market: October’s Negative Trend
Well, doesn’t this feel like a bit of déjà vu? The Italian car market is continuing its downward spiral, and it looks like it’s stuck in a groove that’s more slippery than a banana peel at a clown convention. Yep, October closed with another minus sign, and not the kind that would make a child smile at math class. According to UNRAE’s latest data, registrations dropped to 126,488 cars in October, compared to 139,078 the same month last year. That’s a staggering decline of 9.1%—like a magician’s disappearing act, but without the applause.
The Market’s Hard Landing: Statistics to Chew On
If you were hoping for a glimmer of hope, brace yourself. The last few negative months have eroded nearly all the growth that the market squeaked out earlier this year. Between January and October, we’ve registered 1,328,663 cars, just marginally better by 0.96% than the same period in 2023. Is this a comeback story? Not quite—try an ‘I-must-have-forgotten-my-wallet’ story when you look back at 2019, where the market is down 18.3%.
Future Prospects: Spoiler Alert—Not Great
UNRAE has revised its forecast for 2024 down by 30,000 units. Who could’ve seen that coming? (Insert sarcastic tone here.) The third quarter fizzled out and now they’re predicting a total of 1.59 million registrations, which sounds great until you realize it’s a meager 1.5% increase over 2023, and still a considerable 17.0% down from the pre-Covid days.
And the outlook for 2025? Spoilers again—flatter than a pancake on a Sunday brunch table, with around 1.6 million registrations, nowhere near the lofty 2 million of 2019. That’s like trying to sell ice to Eskimos while the world’s getting warmer!
Government Decisions: The Killjoys of the Car World
In an unintentional comedy routine, the Government has decided to slash the Automotive Fund for 2025-30 by 4.6 billion euros (a whopping 80% cut!). Could it get any worse? UNRAE is practically begging the government to reconsider, providing a script worthy of a Shakespearean tragedy. Meanwhile, the urgency for refinancing the Ecobonus for the next few years is as palpable as a poorly timed punchline.
Market Insights: Who’s Driving What?
Now, let’s take a look at who’s warming the driver’s seat in October. Private individuals now claim a whopping 64.4% share of registrations, while car registrations in corporate settings took a nosedive, down to a mere 6.3%. Long-term rentals have dwindled by a quarter—talk about a sharp contraction! Meanwhile, short-term rentals are barely making the grade at 1.2%.
Engine Going Cold: What’s Fueling the Decline?
On the engineering front, petrol has slumped to a 27.5% share, while diesel’s decline continues, dropping to 13.1%. If you’re looking for CNG, best of luck—only three cars came to the party. As for hybrids, they’re dominating with a 42.8% share, but even BEV cars fell to 4.0%. Someone get out the defibrillator!
Automotive Groups: It’s a Mixed Bag
Automotive groups are feeling it too! Stellantis took a massive hit of -27.84%. You read that right! It’s like watching your favorite band suddenly break up after a bad gig. Volkswagen managed to pull a +4.63%, while Renault stumbled down by -6.27%. Everyone’s playing the blame game, but maybe it’s time for some self-reflection?
In conclusion, if October was meant to be the harbinger of good news for the Italian automotive market, it unfortunately misfired spectacularly. So buckle up, dear readers. It’s going to be a bumpy ride ahead!
The negative trend in the Italian car market shows no signs of abating. In fact, the month of October concludes with a concerning decline. According to the latest data released by UNRAE, the total number of cars registered has dropped significantly, with just 126,488 vehicles registered compared to 139,078 during the same month in 2023. This represents a worrying decline of 9.1%. The continuing downturn in registrations over recent months has almost entirely wiped out the growth achieved earlier in 2024. From January through October, a total of 1,328,663 cars have been registered, reflecting a mere 0.96% increase over the 1,316,001 units registered in the same timeframe the previous year. When examining the figures from 2019—before the pandemic struck—the market shows a significant decrease of 18.3%.
UNRAE has revised its previous forecast for 2024 downwards by 30,000 units, attributing the adjustment to a disappointing performance in the third quarter and the lack of optimism for recovery in the fourth quarter. As a result, the estimated total volume of registrations for the year is now projected to be around 1.59 million cars, which only represents a modest increase of 1.5% compared to 2023. However, this figure still indicates a substantial shortfall of 17% compared to pre-Covid levels, heavily influenced by the ongoing decline in families’ purchasing power.
For 2025, the outlook suggests a stagnant market, with about 1.6 million expected registrations—significantly lower than the approximately 2 million registrations seen in 2019.
Looking ahead, UNRAE has expressed deep concerns regarding the Government’s recent decision to slash the Automotive Fund for the 2025-2030 period by a staggering 4.6 billion euros, which equates to 80% of the total allocation. The association is urging the government to reconsider this decision.
The results from October clearly underscore the urgent need for focused attention on the transition to sustainability within the automotive sector in our country. There is an evident necessity to refinance the Ecobonus for the upcoming years, as well as to revoke the cuts to the automotive fund. Additionally, new measures must be identified to meet the challenging targets set by the EU for this industry.
Focusing on private users, private individuals accounted for a significant 64.4% of car registrations in October. In stark contrast, car registrations in the long-term rental segment experienced a severe drop, plummeting to an 18.3% share for the month—a decline driven by a steep contraction in the volume of major rental companies. Short-term rentals also fell, now accounting for a mere 1.2%. Meanwhile, corporate registrations dipped to a 6.3% share during October.
In terms of engine types, registrations for petrol vehicles mirrored the overall market slump, holding steady at 27.5% share. Diesel vehicles lost another 2.1 points and decreased to 13.1%. LPG also saw a reduction of 0.7 points, coming to a halt at 9.2% for the month; notably, just three cars powered by CNG were registered. Conversely, hybrid vehicle registrations increased, claiming 42.8% of the market share, composed of 13.5% for “full” hybrids and 29.3% for “mild” hybrids during October.
After a surge in September, battery electric vehicles (BEVs) fell to a 4.0% share in October, while plug-in hybrid electric vehicles (PHEVs) stood at 3.4%.
Examining the performance of automotive groups, Stellantis reported a staggering 27.84% decline for October, with various brands under its umbrella exhibiting sharp drops: Alfa Romeo at -25.70%, Citroen at -43.17%, Fiat at -43.38%, and others. On the other hand, the Volkswagen Group celebrated a modest increase of 4.63%, with some brands experiencing mixed results: Audi plummeted by 6.52%, while Lamborghini soared with an impressive 180.95% increase. Renault Group, however, faced a decline of 6.27%, with Dacia and Renault experiencing reduced registrations as well.
[Fonte dati: UNRAE]
The ongoing struggles of the Italian car market are becoming increasingly evident, with October marking another significant decline in registrations. As reported by UNRAE, there were just **126,488 vehicles registered** in October, down from **139,078** in the same month a year prior. This translates to a **9.1% drop**, a disheartening trend that has nearly erased the slight growth observed earlier in the year.
The Market’s Hard Landing: Statistics to Chew On
From January to October, a total of **1,328,663 cars** have been registered, reflecting only a modest increase of **0.96%** from the same period in 2023. When compared to pre-pandemic numbers from 2019, the decline is even starker, showing an **18.3% decrease**. This paints a concerning picture of the current state of the market, as continued negative trends could further undermine any recovery efforts.
Future Prospects: Spoiler Alert—Not Great
Compounding the issues, UNRAE has revised its **2024 forecast downward** by 30,000 units. The latest projections estimate around **1.59 million registrations**, which, while a **1.5% increase** over 2023, still represents a considerable **17% decrease** from pre-COVID levels.
The outlook for **2025** is no more encouraging, with expectations hovering around **1.6 million registrations**, far from the **2 million** seen in 2019. This stagnation could hinder the sector’s recovery amid evolving market demands and environmental challenges.
Government Decisions: The Killjoys of the Car World
The government’s recent decision to cut the Automotive Fund for 2025-2030 by **4.6 billion euros**—an **80% reduction**—has left industry stakeholders in a bind. UNRAE is vocal in its plea for reconsideration of these cuts, arguing that the automotive sector needs robust support to navigate this tumultuous period.
Market Insights: Who’s Driving What?
An analysis of the registration statistics reveals that private individuals account for **64.4%** of total car registrations, a marked shift from corporate registrations, which have plummeted to only **6.3%**. Long-term rentals are down by **25%**, indicating a broader trend of caution in consumer behavior.
Engine Going Cold: What’s Fueling the Decline?
In terms of fuel types, gasoline’s share has dipped to **27.5%**, while diesel’s continues its decline at **13.1%**. The CNG category is barely visible, with just three vehicles registered. On a brighter note, hybrids dominate the market with a **42.8% share**, but battery electric vehicles (BEVs) have also suffered, dropping to **4.0%**.
Automotive Groups: It’s a Mixed Bag
Automotive groups have reported varying results: Stellantis faced a **27.84% decline**, while Volkswagen managed a **4.63% increase**, contrasting sharply with Renault’s **-6.27%** drop. Each group must navigate the changing landscape and reassess their strategies accordingly.
the October figures for the Italian automotive market tell a story of ongoing decline mixed with the need for significant strategic shifts. With warning signs flashing, both the government and industry stakeholders must collaborate to foster a more resilient automotive environment. Buckle up—this ride is bound to be challenging!
