Venerdì, 19 Ottobre 2018
ROME

Fiat takes 26.17% of Brazil car market - best since 2009

English
© ANSA

Rome, November 19 - Fiat announced on Monday it had
garnered 26.17% of the Brazilan market in October - its best
results in that country since April 2009.
Fiat achieved substantial gains over its 21.55% Brazilian
market share last January by growing its business at roughly
twice the rate of the industry average, the automaker noted on
its "Carindustryanalysis" Wordpress blog on Monday.
Fiat saw an increase of 20,313 vehicle registrations in
October 2012 over the same month last year, marking an annual
growth rate of 45% compared to the market average of 23%.
Fiat's popular Palio and Siena models were responsible for
the majority of the automaker's gains in Brazil.
The compact car models benefited especially from a
Brazilian tax-break on purchases of domestically produced
vehicles.
The tax break, which was due to expire in August, was
extended to December 31.

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