Business
Italy new car registrations up 7.6% y/y in May
Italy new car registrations up 7.6% y/y in May
About this update from Stellantis N.v.
New car registrations in Italy rose in May by 7.6% year-on-year to 150,096 vehicles, transport ministry data showed on Monday.In January-May, registrations were up by 9.4% from the same period last year, to 790,301 units.Italian market leader Stellantis MIL:STLAM, whose brands include Fiat, Jeep, Peugeot and Chinese joint venture Leapmotor, outperformed the market, with May sales up 11%, according to Reuters calculations.The automaker's market share stood at 28.8% last month, according to the same calculations.Chinese groups continued to make strong inroads in May, with BYD's SZSE:002594 year-on-year sales up by 209.5% to 6,019 units, and Chery's HKEX:9973 Omoda/Jaecoo brands up 302.3% to 3,975 units.U.S. electric vehicles-maker Tesla's NASDAQ:TSLA May sales were down by 23.5% to 654 units.