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Auto: the collapse slows down, incentives are discussed

In August, the drop in registrations in Italy was reduced considerably (-0,43%), stopping the hemorrhage underway since the beginning of the year (-38%) - But foreign manufacturers (Unrae) are asking to change the Ecobonus

Auto: the collapse slows down, incentives are discussed

The collapse of the car market continues, but is slowing down. Second the data released on Tuesday evening by the Ministry of Transport, in August in Italy 88.801 cars were registered, 0,43% less compared to the same month of 2019, a marked improvement compared to -11,01% in July. If you broaden your gaze to the first eight months of 2020, however, the year-on-year downturn comes to 38,93%.

As for the group alone fca, the drop recorded in August is much worse than the market average: -2,65% on the year, at 20.286 registrations. In the January-August 2020 period, Fiat Chrysler sold 190.075 cars, also in this case obtaining a worse than average result: -40,94%.

"Analysing the registration data for the month of August (-0,4%), we find the first signs of stopping the bleeding after months of recession - comments Michele Crisci, president of theUnrae, the Association of Foreign Car Manufacturers - But the pace of renewal of the vehicle fleet remains, still very low and to reach a normal market level it will be more necessary than ever continue in the footsteps traced in recent weeks with the provision of incentives for the purchase of low-emission vehicles".

Crisci recalls that Unrae “immediately expressed its support for the substantial refinancing of the fund ecobonus”, however expressing “strong perplexity regarding the subdivision into three ceilings, which are disconnected from the real market segmentations and therefore risk hindering the free choices of consumers”.

According to the association, “it is likely to think that the ceiling of 100 million euros for vehicles emitting from 91 to 110 g/km of CO2 will run out prematurely (perhaps already in the next few weeks) creating inevitable market distortions. We therefore believe it is essential that the competent institutions review the aforementioned provisions, providing for the possibility of reallocating any excess resources towards prematurely depleted funds".

Finally, Unrae is once again calling on the government to review the tax rules for company cars.

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