FCA leaps forward on the stock market on a day that starts under the banner of prudence (FtseMib -0,36%). The Fiat Chrysler stock, on the day theshareholders' meeting in the Netherlands for the first time, it opens up 1,5% on the back of auto sales results and a positive rating from Goldman Sachs. In March, the group saw the sales grow by 15,5% compared to the same month of 2014 against the +10,6% of the European market. Goldman Sachs has included the stock in its "conviction buy list" and raised the price target to 19,8 euros from 14,6. Awaited indications from the CEO Sergio Marchionne on the M&A scenario but also on the listing of Ferrari and on the strategies for Alfa Romeo.
For the third time in a row, informs an FCA release released this morning, Fiat Chrysler Automobiles is growing in Europe more than the market: “Panda and 500 are confirmed as the best-selling city cars with a combined increase of 28,7% in the segment. In particular, the 500 recorded the best sales month since its launch in Europe. The 500 L is also first in its segment, with its market share exceeding 24% in the quarter. 500X ranks among the top ten in its segment. Lastly, Jeep's exploits continue for the 17th consecutive month of growth”. According to an Acea press release, Lancia/Chrysler (-19,6%) and Alfa Romeo (-10,2%) sales are down.
There is a desire for cars in Europe and the sales recorded by Acea recorded the nineteenth consecutive month of growth: in March registrations recorded a leap of 10,6% (at over 1,6 million units), the highest in the past 12 months. According to the latest Acea data, all the main markets contributed positively, especially Spain (+40,5%) and Italy (+15,1%), followed by France, Germany and the United Kingdom. In the first quarter of 2015, new car registrations amounted to 3,5 million, up by 8,6%, with +32,2% for Spain and +13,5% for Italy.
