Picture of Chery Automobile logo

9973 — Chery Automobile News Story

0.000.00%
hk flag iconLast trade - 00:00
Consumer CyclicalsAdventurousLarge CapNeutral

Corrected: Italy new car registrations rise 3.9% year-on-year in July

CORRECTED-Italy new car registrations rise 3.9% year-on-year in July

Corrects Stellantis data in paragraph 3-4 to incorporate Leapmotor sales

- New car registrations in Italy rose in July by 3.9% year-on-year to 123,184 vehicles, transport ministry data showed on Monday.

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 STLAM.MI, 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 002594.SZ year-on-year sales up by 127% to 4,466 units and a market share of 3.63%, and Chery's 9973.HK Omoda/Jaecoo brands up 168.5% to 3,786 units.

U.S. electric vehicles-maker Tesla's TSLA.O July sales were down by 77% to just 105 units.


(Writing by Gavin Jones, editing by Andrea Mandala)

((gavin.jones@thomsonreuters.com; +39 06 8522 4232;))

Recent news on Chery Automobile

See all news