After the rises of the last few days, Fiat shares are in deep red this morning, dropping more than two and a half points about an hour after opening. Weighing on the Lingotto shares are profit taking e data on car registrations in Europe in April, which despite reporting the first positive figure for over two years (+1,8% on an annual basis) still highlight the serious difficulties of the Italian market, down by 11%.
In any case, in the last year the Fiat share gained more than 50% in Piazza Affari and last month the market share of the Lingotto in Europe rose by 0,3% to 6,3%, with over 68 registered cars (data relating to the EU and EFTA member countries).
The Italian brand "is growing in all the main markets and its flagship models are firmly confirmed as leaders in their segments", underlines the group in a note. Positive results especially for the new Ypsilon, whose sales increased by 17,7%.
April was a growing month for Fiat in the United Kingdom, where sales volumes increased by 10,3%, and in Spain, where registrations increased by 11,5%.
