Italian car sales rocket by 497.2% in March

Photo: AP

Italian car sales were 497.2% up in March compared to the same month last year, when sales plummeted during the first Covid-19 lockdown, sector sources said quoted by ANSA. First quarter sales were 28.7% up. Lamborghini had its most profitable year ever in 2020 and its second best sales year in the brand's history. Only in 2019 were more Lamborghinis sold.

For the whole year, the exotic automaker sold 7,430 cars and SUVs, down 9.5% compared to 2019. But the last quarter of 2020 was the best in the Italian supercar maker's history and its order banks are already filled for the first nine months of 2021. Sales at Ferrari were down about 10% for the year, including a seven week factory shutdown. But the automaker set records for sales and revenue in the fourth quarter. Orders for future cars are also at record levels, the company announced. While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.

In the US, overall passenger car sales were down 10% last year compared to 2019. Even as auto sales recovered strongly in the fourth quarter, they only just matched the pace seen in the fourth quarter of 2019. But sales of cars costing more than $80,000 were almost double in the fourth quarter what they had been the year before. And for cars costing more than $100,000, sales in the US were up 63% that quarter.

Similar articles

  • Scotch whisky exports recover from pandemic, tariffs hits

    Scotch whisky exports recover from pandemic, tariffs hits

    The exports of the famous Scotch whisky crawled back from downturn caused by Covid-19 pandemic and the new higher US import tariffs. The Scotch Whisky Association (SWA) confirmed that the value of exports in the first half of 2021 was 31% higher than the same period of 2020 as volumes surged by 42%, BBC reported. Still the value was 10% lower than the 2019 record.

    88
  • EU posts €69.6bn 6-month trade surplus with UK

    EU posts €69.6bn 6-month trade surplus with UK

    Eurostat announced that the EU exports to Britain posted a 4.7% month on month increase in June while trade with European goods with the rest of the world decreased. At the same time Eurostat noted that imports from UK were "nearly unchanged", Reuters reported. The increased EU exports to Britain are coupled with a 0.6% drop in the bloc's exports to the rest of the world on the month, Eurostat said.

    83