Fiat Chrysler Continues to Beat Ford in EU Sales, Market Share

By Paul Ausick Updated Jan 12, 10:08AM EST · Published Jul 14, 9:05AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Fiat Chrysler Continues to Beat Ford in EU Sales, Market Share — © Wikimedia Commons

The European Automobile Manufacturers Association (ACEA) reported Friday that new vehicle registrations in the European Union (EU) rose 2.1% in June compared with new registrations in June of 2016. New registrations for the month totaled 1.49 million units.

The United Kingdom posted a year-over-year drop of 4.8% on top of an 8.5% decline in May. May sales fell 3.5% in Germany, but rose 12.9% in Italy, 6.5% in Spain and 1.6% in France.

For the first six months of 2017, new passenger car registrations are up 4.7% to a total of 8.21 million. Registrations rose the most in Italy (8.9%), Spain (7.1%), Germany (3.1%) and France (3%). U.K. registrations are down 1.3% compared to the first six months of 2016.

The top-selling maker in the EU is Volkswagen, which sold 344,892 vehicles in June, up 2.7% year over year for the month. VW’s market share for the month totaled 23.1%, up from 23.0% in June 2016. Registrations are up 3.2% for the first six months of the year.

[nativounit]

Renault Group posted an increase of 2.8% to 184,170 units while its year-over-year share rose from 12.3% in June 2016 to 12.4%.

PSA Group, makers of Peugeot and Citroen among other brands, posted an increase of 4% to 153,929 units. The company’s market share rose from 10.1% to 10.3%.

Of the Detroit Three, Fiat Chrysler Automobiles N.V. (NYSE: FCAU) increased its market share in the EU from 6.7% to 7.0% year over year, led by an 8.9% increase in sales of the company’s Fiat brand and a 34% jump in Alfa Romeo. Jeep brand sales dipped 5.9% year over year. FCA sold 104,796 units in June, up 7.6% compared with June 2016.

Ford Motor Co. (NYSE: F) sold 96,212 units in June, down 3.5% year over year for the month. The company’s June market share came to 6.5%, down from 6.8% in June 2016.

Opel Group, still the General Motors Co. (NYSE: GM) subsidiary in Europe until its sale to Peugeot is completed, posted a June market share decrease, slipping from 6.9% a year ago to 6.2% this year. Sales of the Opel/Vauxhall brands fell 7.5% year over year.

BMW Group’s market share in June slipped year over year from 7.0% to 6.6%. The company sold 98,660 units last month. Daimler posted a market share gain, rising from 6.0% in June 2016 to 6.1% last month, with sales totaling 91,434 units.

Toyota Motor Corp. (NYSE: TM) posted market share of 4.3% in June, up from 3.9% a year ago. Sales volume rose 13.8% to 64,490 units. The largest percentage increase came in the company’s Toyota division, up 14.6% year over year.

[wallst_email_signup]

About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.