This continues throughout the month September 2024 decline of the Italian car market. While August recorded a drop of 13.4%, the month just ended saw another double-digit drop. equal to 10.7%. However, there is an interesting fact, namely: growth in registration of electric vehicles by 29% due to the effect of incentives. Let’s go in order.
According to UNRAE, in September 2024 there were 121,666 new registrations versus 136,316 units in the same month in 2023. Therefore, as stated at the beginning, we are talking about a drop of more than 10%.
This negative result reduces the growth of the Italian car market in 2024 to just 2.1% compared to 2023 (1,202,122 units). However, the indicators of 2019, the pre-pandemic period, are still very far away: the drop was 18.1%. President of UNRAE, Michelle KriskiGiven the results of the month, it returns with a request for government intervention, which will lead to the refinancing of incentives for electric vehicles.
The September results, characterized by a second consecutive decline in registrations but strong growth in electric vehicles, highlight the urgent need to refinance incentives for the 0-20 g/km CO2 range, making €240 million immediately available. residual funds from 2024 benefits.
Crisci also reiterates the need to define a European strategy for the automotive sector and a strategy for the Italian government as soon as possible.
It is vital to define as quickly as possible both the European strategy for the automotive sector as a whole and the one the Italian government intends to adopt to accompany the transition with a multi-year support plan to give consumers and businesses confidence in their purchasing choices. We need to immediately start working on an important issue that we have been raising for years: the need for tax reform for company cars, requiring VAT deductions and cost deductions to be linked to CO2 emissions and the depreciation period to be reduced to 3 years; measures to be implemented through the Executive Orders of the Financial Representation.
Returning to September market performance, on the user sidethe share of private individuals increases to 65%. Instead, car registrations plummeted, falling to 10.8% for the month. Even in September, long-term rentals lost 1/4 of registrations, stopping at 17.7%, due to a decrease in volumes from the main Top companies. Short-term rentals also fell, rising one decimal place to 1.3% in September. Shares of companies recovered by 0.1 points over the month, reaching 6.3%.
Speaking power suppliesthe share of gasoline models stood at 25.4%. Diesel’s decline continues, ending September with a market share of 12.7%. Over the month, the share of liquefied petroleum gas increased to 9.3%, while only 9 cars were registered using methane. The share of hybrid vehicles increased to 43.9%: 13.9% were “full” hybrids and 30.0% were “mild” hybrids.
As mentioned at the outset, EVs did well, increasing by 29%, taking up 5.2% of the total, while PHEVs stalled at 3.4%.
Regarding car groups, Stellantis ends September with -33.90% (Alfa Romeo 1912 / -12.57%; Citroen 1295 / -74.52; DS 359 / -26.28%; Fiat 9078 / -43.74%; Jeep 5573 / -8 .20%; Peugeot 153 / -57.97%; Volkswagen Grouphowever, recorded -7.27% (Audi 5,286 / -4.13%; Cupra 950 / -48.59%; Lamborghini 50 / +117.39%; Seat 610 / -39.60%; Skoda 3,384 / + 10.34%; Volkswagen 9,742 / -3.83%. Then we have Renault Group with an increase of 16.25% (Dacia 7630/+18.44%; Renault 7710/+14.15%).
[Fonte dati: UNRAE]
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.