Italian commercial vehicle sales grow 22.8% on year in September

Italian commercial vehicle sales gained 22.8% in September 2023 to 136,283 units sold, compared with 110,998 in the year-ago month, foreign automakers’ association UNRAE showed.

Commercial vehicle sales January-September registered growth of 20.6% (+200,000) to 1,176,882 units sold, compared with 976,082 in the year-ago period, but down 300,000 vehicles (-20.3%) than the pre-COVID 2019 level, the UNRAE data, released Oct. 2, showed.

“The positive result is determined by the overcoming of the critical phase for vehicle production, which affected the car market since September 2021,” UNRAE said. ” “Therefore, commercial vehicles ordered some months ago are now being delivered.”

UNRAE classes vehicles weighing up to 35 mt as commercial.

In full year-2022, commercial vehicle sales in Italy dropped by 13%, or by 160,830 units, posting some 24,000 fewer sales than the previous year, according to data released by UNRAE earlier this year.

Italy’s largest carmaker, Stellantis, formerly known as Fiat-Chrysler, registered 44,608 car sales in September, marking a 24.06% rise on the 35,956 units reached in the year-ago month. Stellantis’ market share in Italy grew to 32.73% compared with the 32.39% share of September 2022.

Stellantis brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati and Peugeot.

UNRAE is made up of 43 foreign car makers, which sell 60 different brands in Italy.

Platts assessed domestic prices for HRC in South Europe at Eur600/mt EXW Italy Oct. 2, unchanged from the previous assessment.

Platts is part of S&P Global Commodity Insights.

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