Italian new car registrations rose 6.16% in July due to government incentives to buy new, less polluting cars, with Fiat having a 33.58% share of the market, according to government figures released Monday.
Registrations totaled 204,905 units compared with 193,018 units for the same month a year earlier.
For the first seven months of the year, registrations reached 1.3 million units, down 8.33% from 1.46 million a year earlier.
Fiat shares closed up 7.3% at EUR8.35 in Milan ahead of the publication of the figures.
Like elsewhere in Europe, the government in Italy came out with incentives earlier this year aimed at helping the country’s car industry survive a sharp fall in sales in the midst of the worst industry crisis in decades.
Source: Wall Street Journal
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