Car market down on 2019, end of incentives – Industry

The Italian car market records an apparent growth in April due to the comparison with the lockdown period of 2020, but slows compared to 2019. In the month registrations were 145,033, with a jump of 3,276.8% on the same month of 2020, when only 4,295 cars were delivered.

Compared to April 2019, however, there was a decrease of 17.1%. In the first four months of the year, the total number of registrations is 592,181, 68.4% more than in the same period last year (-16.9% compared to the first four months of 2019). The Stellantis group has a 40.3% market share. To prevent a real collapse there is the tail of incentives for the most requested cars, those with CO2 emissions from 61 to 135 gr / km, with the allocation of an additional 13 million. The boost in incentives booked before the funds ran out should continue for the first half of May.

Starting from the second fortnight of this month, according to the Centro Studi Promotor, “a much more severe crisis will open for the car market than that of the first quarter of this year, which could lead 2021 to close even far below of the catastrophic result of 2020 (1,381,646), the year in which registrations returned to the levels of 50 years ago. A further drop on these levels would open a catastrophic scenario for the Italian car market that could even plummet to the levels of the years’ 60 of the last century with all that this entails also for the GDP of the country on which the impact of the car and its related activities reaches 12.5% ​​”.

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It is therefore necessary, according to Gian Primo Quagliano, president of the Centro Studi Promotor, that “the Government arranges, without further delay, the refinancing of the incentives provided for by the Budget law for 2021 without waiting for the NRP because the times would be too long and because Pnrr practically ignores the car. ” For the president of Unrae, Michele Crisci, “in the absence of the refinancing of the incentives, well over 300,000 registrations could be at risk later in the year”. Even the president of the Anfia, Paolo Scudieri, underlines that “the priority, at this moment, is therefore the refinancing of measures to support the demand for cars, but also for light commercial vehicles, measures that pay for themselves in a short time” . Registrations of alternative fuel cars – according to Anfia data – reach 45.4% in April 2021 and 42.6% in the first four months.


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