(Tiper Stock Exchange) – The Italian car market continues to run but does not pull much the electric. According to data published by the Ministry of Infrastructure, in the month of Mayhave been registered 149,411 passenger cars, up 23.13% compared to the 121,349 registrations registered in the same month of the previous year.
High gears also for the used marketwith 448,397 property transfers, in 11.03% increase compared to the 403,870 passages recorded in May 2022. The global volume of monthly sales, equal to 597,808 units, therefore involved 24.99% of new cars and 75.01% of used cars.
In the first five months of the year result over 702,000 cars registered, up 26% compared to 557million last year, while the market forused scores in five months a +7.5% with over 21 million changes of ownership. In the top ten of May the Fiat Panda which takes the podium with 7,811 cars sold, followed by Dacha Sandero with 5,248 cars and Launch Ypsilon with 4,701 units.
Overall, the Stellantis groupwhich also includes Peugeot, has registered 48,997 cars with a growth of 3.1% and a market share of 33.1% (39.2% in the same month of 2022). In the first five months, Stellantis sales grew by 14.4% and the market share dropped to 33.7% from 37% in the same period of 2022.
Among the main competitors the Volkswagen sold just over 11,000 cars in May, basically unchanged on May 2022, while in the 5 months it marks a robust +30%. There Renault recorded an increase in sales of 3.5% per month and 46% over 5 months.
Electric performance is more modest. In May, the ECV car market remained subdued, with BEVs accounting for 4.1% of the total and plug-ins 4.7%, leading the total share of ECVs is 8.8%. sold in May compared to 7.9% in April.
“The slow pace of electricity delays the decarbonisation process, which instead would require interventions on several fronts, starting with the fiscal one”, states a commentary note from theUNRAEpointing out that it would be necessary to review the taxation on company cars for mixed use “which play a central role in the diffusion of zero-emission mobility” and “to make up for the delays accumulated on the front of recharging infrastructures”
For the next few months you don’t see a shocking recovery which allows the market to be brought back to pre-pandemic levels. According to Promoter Studies Center 2023 could close with 1,660,361 registrations and then up one level still far away (-13%) from that of 2019 (1.916.051), although better than those of the last three years.