Italian car output continues to decline
Italian passenger car production continued to decline in November following a sharp fall in October, Kallanish notes from automotive association Associazione Nazionale Filiera Industria Automobilistica (Anfia) preliminary data.
Car output plunged 50.4% year-on-year to 22,893 units. This took January-November output down 42.3% on-year to 295,462 units.
By comparison, the UK recorded a fall in November of 30.1% to 64,216 cars and a 12.9% decline to 734,562 units in January-November. Spain saw a moderate fall in November by 13.5% to 174,609 cars but production increased slightly, by 0.4%, to 1.8 million units in January-November. Meanwhile, German production increased 1% to 404,800 cars in November and by 1% to 3.8m units in the 11 months, Anfia says.
According to the latest data published by France, its January-June production was 469,116 cars, reflecting a decrease of 17.7% on-year.
“The industrial production index as a whole closed down at 1.5% in November and at 3.2% in the first 11 months of the year compared to the same period in 2023,” Anfia says in a note.
Domestic passenger car production should total less than 600,000 units in 2024, according to Anfia forecasts. Given the ongoing critical situation in the sector in 2025, the association hopes the country’s output in 2026 will return to a level that is at least consistent with that of 2022-23. This optimism for 2026 is based on recent announcements regarding production of new models at Italian plants.
Anfia is collaborating with the government to define priorities and a roadmap to accelerate the country’s production. The collaboration aims at boosting Italy’s output capacity beyond 1m vehicles/year through state support on decarbonisation, research and development, and new production plant investments (see Kallanish passim).
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Anonymous
Very good overview of the weekly steel market.
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