Italy: 2021 market and production forecasts
- The Italian light vehicles market - Passenger Cars (PC) + Light Utility Vehicles (LUV) - reached 1,531,496 units in 2020, down 27.2% compared to 2019, which is a rather poor performance as most European countries recorded much better figures, the European average being around 23.5%.
- For passenger cars, with 1,380,000 units, the Italian market returned in 2020 to the 2014 level, the year following the financial crisis of 2008-2009. At this time, the volume of registrations had not exceeded 1,360,000 units.
- Again in the passenger car market in 2020, the FCA group remains largely the leader with 331,120 units (24% market share), far ahead of the Volkswagen groups (230,470 units; 16.7% ) and PSA (204,502 units; 14.8%). Following are the Renault-Nissan groups (171,685 units; 12.4%) and Ford (89,558 units; 6.5%) largely behind.
- 2021 should be a year of transition in Europe, with a slow and gradual exit from the situation known in 2020. This will a priori induce a moderate recovery in sales. The Italian market for light vehicles could therefore represent 1,657,621 units, an increase of 8% compared to 2020.
- For the production forecast in 2021, Italy would increase from 730,000 units in 2020 to 800,000 in 2021, which represents an increase of 10% in one year. This increase in production will be due to the ramp-up of the electric Fiat 500 and the relaunch of the European markets in 2021, the historic place of sales for the FCA group. The arrival of the Alfa-RoméoTonale (C-segment SUV) could also boost the production in Italy at the end of the year.
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