Coronavirus, registrations halved in Italy in May – La Stampa

The Italian auto market continues to remain under pressure, even if it shows signs of recovery compared to the thuds of March (-85.42%) and April (97.55%). According to data released by the Ministry of Transport, registrations fell by 49.61% to 99,711 units in May 2020 compared to 197,881 in the same month last year. In the first 5 months of the year 451,366 were sold, down 50.45%. The FCA group sold 22,193 cars, 57.22% less than May 2019. In the five months, the cars registered by the group are 109,702, down 51.9% compared to the same period last year. The share is 24.3% (-0.75%). According to Adolfo De Stefani Cosentino, president of Federauto, the federation of car dealers, “the market data are unfortunately confirming that the recovery will be very slow. With each passing week, the probability that the most fragile operators in our supply chain will close their doors increases, generating a negative spiral from which the automotive system would risk never recovering, with harmful economic, social and fiscal repercussions ». This is why “it seems almost superfluous to underline the urgency of intervention by the Government with an incentive plan for all market segments and engines” because “in June the situation will not change and so in the coming months”.