Fiat holds on to its share of depressed Italian auto market, called worst since 1979

Send to a friend

Send this article to a friend.

ROME - Fiat says 2012 was the worst year for car sales in Italy since 1979, but that the manufacturer nevertheless managed to slightly increase its share of the national market.

Fiat SpA said in a statement Wednesday that Fiat Group's share of the 2012 market increased slightly to 29.6 per cent from 29.4 per cent in 2011.

Overall, auto sales from various manufacturers in recession-hit Italy plunged by 19.6 per cent in 2012 compared with the previous year, Fiat said, calling that "the most negative scenario" since 1979.

Organizations: Fiat Group

Geographic location: Italy

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page