Fiat boosts sales despite market slump in aApril

| Mon, 05/05/2008 - 03:20

Fiat last month was able to boost its sales and market share despite a slump in the new car market in Italy.

Overall new car sales in April declined by 2.86% over the same month last year, after plummeting 18.76% in March and falling 3.9% in February and 7.26% in January.

Sales the first four months of the year were 8.25% lower than the same period in 2007.

Fiat, however, was able to reverse a three-month decline in sales and last month saw sales climb by 1.43%.

Fiat sales fell 20.6% in March, 8% in February and 6.57% in January.

Despite the April recovery, Fiat sales for the first four months of the year were down 18.64% from the same period last year.

Fiat's market share in Italy rose last month to 33.56%, its highest since January 2002, compared to 32.14% in April 2007 and 30.9% in March of this year.

Fiat's market share for the first four months of the year was 31.69%, down slightly from 31.83% for the same period in 2007.

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