(Finance) – Production of cars alone in September amounted to around 25 thousand units, down 50.5% y/y. In the cumulative nine months, however, 256 thousand cars were produced, a decrease of 38.3% y/y. The total number of vehicles produced in the first three quarters of 2024 is close to 474 thousand units, down by 27.6% compared to the same period of 2023. This is what emerges from the preliminary data from Anfia.
In the cumulative of nine months, instead, they were produced 256 thousand carsdown 38.3% y/y. The total number of vehicles produced in the first three quarters of 2024 is close to 474 thousand units, down 27.6% compared to the same period in 2023.
In September 2024 the production of the Italian automotive industry as a whole it records a 30% drop compared to September 2023, while in the first nine months of 2024 it decreased by 19.6%. Looking at the individual sectors, the production of motor vehicles (light and heavy cars and vans) marks -42.6% in September and -25.5% in the nine months; bodies and trailers stable in September and +9.5% in the nine months; parts and accessories -16.9% and -18.4%.
“In September the Italian automotive production index recorded a double-digit decline for the seventh consecutive month (-30%) – he states Gianmarco Giorda, General Manager of Anfia –. The cut of 4.6 billion euros from the automotive fund proposed in the Budget is of great concern. We believe it is inexplicable that these resources have been diverted elsewhere. We hope that a remedy can be remedied starting from the Automotive Development roundtable convened at Mimit for November 14th.”
In the January-July period, the export of motor vehicles (cars and industrial vehicles) from Italy it is worth 1.7 billion euros, while imports are worth 2.9 billion. The United States represents, in value, the first export destination country, with a share of 19.4%, followed by Germany (15%) and France (11.3%). In the same period, theexport of automotive components it is worth 2.2 billion euros, with a positive balance of 595 million euros.
The turnover of the sector presents a decline of 29.5% in August, due to a domestic component falling by 30.6% and a foreign component at -28.7%. In the first eight months of 2024, turnover fell by 11.5% (-15.3% domestic turnover and -7.8% foreign turnover). Finally, the turnover of parts and accessories presents a negative trend change of 21.8% in August, while in the January-August period it records a decrease of 11.5%.