Italy new car registrations up 7.6% y/y in May
New car registrations in Italy rose in May by 7.6% year-on-year to 150,096 vehicles, transport ministry data showed on Monday.
In January-May, registrations were up by 9.4% from the same period last year, to 790,301 units , News.az reports, citing Reuters.
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Italian market leader Stellantis (STLAM.MI), opens new tab, whose brands include Fiat, Jeep, Peugeot and Chinese joint venture Leapmotor, outperformed the market, with May sales up 11%, according to Reuters calculations.
The automaker's market share stood at 28.8% last month, according to the same calculations.
Chinese groups continued to make strong inroads in May, with BYD's (002594.SZ), opens new tab year-on-year sales up by 209.5% to 6,019 units, and Chery's (9973.HK), opens new tab Omoda/Jaecoo brands up 302.3% to 3,975 units.
U.S. electric vehicles-maker Tesla's (TSLA.O), opens new tab May sales were down by 23.5% to 654 units.
By Faig Mahmudov
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