Cars, production in Italy down 25% in June

Stellantis analysts confirm ratings after Investor Day without major announcements

(Finance) – In June 2024, according to ISTAT data, the production of the Italian automotive industry as a whole it recorded a 25% decrease compared to June 2023, while in the first half of 2024 it decreased by 16.3%. This is reported Amphia in its in-depth focus dedicated to automotive production in Italy. Looking at the individual production sectors of the sector, the index of the fmotor vehicle registration records a negative trend variation of 36% in June 2024 and decreases by 19.6% in the first six months of 2024 compared to the same period of 2023; that of the car body manufacturing for motor vehicles, trailers and semi-trailers grows by 0.2% in the month and by 13.9% in the cumulative, and that of the manufacture of parts and accessories for motor vehicles and they engines it decreased by 15.6% in June and by 18% in the period January-June 2024.

The automotive manufacturing sector it is placed in the context of an overall Italian industrial production still in decline in June 2024 compared to the levels of the sixth month of last year: the industrial production index as a whole closed, in fact, at -2.6% in June and at -3.2% in the first six months of the current year compared to the same period of 2023.

The sales of industry in the strict sense (excluding the Construction sector) recorded a negative variation of 4.7% in May 2024, the latest available data (-4.4% on the domestic market and -5.5% on foreign markets) and closed the first five months of the year at -2.6% (-3% domestic market and -1.8% foreign markets).

The turnover of the automotive sector as a whole showed a 19.5% decrease in May (latest available data), due to a domestic component that fell by 19.2% and a component foreign at -19.8%. In the first five months of 2024, turnover instead fell by 6.8% (-12.1% domestic turnover and -1.5% foreign turnover).

Finally, the turnover of the parts And accessories for motor vehicles and their engines shows a negative trend variation of 17.3% in May (-27.3% the domestic component and -3.6% the foreign component). In the period January-May 2024, the turnover index of this sector records a decrease of 7.2%, with a decrease of 14.2% of the domestic component and a growth of 1.6% of the foreign component.

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