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European September Car Sales Datapoints

Tyler Durden's picture




 

Because the horse and buggy is the new normal car:

  • FIAT ITALY NEW CAR SALES FALL 24% IN SEPT
  • FRENCH CAR SALES FALL 18.3% IN SEPTEMBER, DOWN 13.9% THROUGH SEPTEMBER
  • PORTUGUESE LIGHT VEHICLE SALES DROP 42% THROUGH SEPTEMBER

This is what happens when you don't take advantage of US, Chinese, or for that matter Global channel stuffing. It is, for now, unclear if Mario Draghi's monetization of 1-4 cylinder Fiats is forbidden by Article 123. 

 

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Mon, 10/01/2012 - 12:16 | 2845344 JenkinsLane
JenkinsLane's picture

Put me down for a donkey.

Mon, 10/01/2012 - 12:18 | 2845354 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I bet GDP in Amsterdam is relatively unchanged vs higher oil prices.

Mon, 10/01/2012 - 12:26 | 2845385 Badabing
Badabing's picture

Because of the slow down in Italian car sales, the Fiat company has issued  paper certificates that are redeemable for a car, the new certificates are called Fiat Fiat.

Mon, 10/01/2012 - 13:26 | 2845663 wandstrasse
wandstrasse's picture

can we agree that you sell me one of these certificates on date xyz at price zxy - then we would have a Fiat Fiat Derivative.

Mon, 10/01/2012 - 13:07 | 2845566 Death and Gravity
Death and Gravity's picture

IN SOVIET AMERICA, CAR DRIVE YOU!

Mon, 10/01/2012 - 16:47 | 2846475 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

Shouldn't the FED buy all these cars?  Maybe we could park them in Alaska or something.  If not, why not?  I think that would be a great idea.

Mon, 10/01/2012 - 12:19 | 2845356 LeisureSmith
LeisureSmith's picture

Ass power. That's like 0,5 hp isn't it?

Mon, 10/01/2012 - 12:21 | 2845367 Desert Irish
Desert Irish's picture

Go long Italian ass's ?

Mon, 10/01/2012 - 12:25 | 2845387 LeisureSmith
LeisureSmith's picture

Just watch out for those hind legs.. http://www.youtube.com/watch?v=bFFUZO0_ubU

Mon, 10/01/2012 - 14:46 | 2846071 Taterboy
Taterboy's picture

And how would you like your donkey medium rare or well done?

Mon, 10/01/2012 - 12:17 | 2845348 WALLST8MY8BALL
WALLST8MY8BALL's picture

Imagine that! Fiat bringing down FIAT!

Mon, 10/01/2012 - 13:17 | 2845619 spanish inquisition
spanish inquisition's picture

I did not know that it was so bad in Italy that they were making cars out of paper.

Mon, 10/01/2012 - 14:01 | 2845814 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Why not? Those won't rust as quickly.

Mon, 10/01/2012 - 14:13 | 2845882 Don Diego
Don Diego's picture

well, the Trabant wasn't made of cardboard?

Mon, 10/01/2012 - 15:39 | 2846246 Wakanda
Wakanda's picture

Fix It Again Tony

Mon, 10/01/2012 - 12:20 | 2845359 kaiserhoff
kaiserhoff's picture

Someone still buys a damn Fiat?  Who knew?

Mon, 10/01/2012 - 12:57 | 2845524 CPL
CPL's picture

Every atm on the planet.  Costs a buck fifty to buy money now.

Mon, 10/01/2012 - 12:58 | 2845532 MillionDollarBoner_
MillionDollarBoner_'s picture

...atm? Are you visiting the same porn sites as me?

Mon, 10/01/2012 - 13:59 | 2845809 Metalredneck
Metalredneck's picture

Now THAT'S in poor taste.  Or tastes poor.

Mon, 10/01/2012 - 12:22 | 2845362 Dr. Engali
Dr. Engali's picture

I'd say it's probably time fo a cash for clunkers program, but we are talking about a Fiat here. Why would anybody exchange their current clunker for another even shittier clunker? Especially one named after a paper currency?

Mon, 10/01/2012 - 12:28 | 2845393 Ghordius
Ghordius's picture

I'd say it's time to put a huge tombstone on all cash for clunkers programs - which all europeans would be doing right now if they did not have agreed on this pesky Fiscal Pact 

btw Fiat in latin means "let be..." in the sense of creation or dream. fitting, eh?

Mon, 10/01/2012 - 12:21 | 2845368 PUD
PUD's picture

Why drive when you can walk to the dumpster?

Mon, 10/01/2012 - 12:25 | 2845369 Abraxas
Abraxas's picture

The car sales in Italy should be zero. Beautiful weather, breeze from the Adriatic and fashionably dressed Italian women walking down the streets. Why would you wanna drive?

Mon, 10/01/2012 - 12:21 | 2845370 LongSoupLine
LongSoupLine's picture

 

 

Fiat..the car = down.

Fiat...the currency = BULLISH!

Mon, 10/01/2012 - 12:22 | 2845371 Haager
Haager's picture

So, car sales dropped and someone would imagine that steel producers will suffer - but not in Europe...

Mon, 10/01/2012 - 12:24 | 2845380 Abraxas
Abraxas's picture

Do you know how much Chinese steel goes into one of those cars? Well, I don't either, but apparently a lot.

Mon, 10/01/2012 - 12:30 | 2845406 MillionDollarBoner_
MillionDollarBoner_'s picture

Fiat cars.

On a quiet morning you can hear them rust ;o)

Mon, 10/01/2012 - 12:57 | 2845521 kaiserhoff
kaiserhoff's picture

Much like the old TR7 which inspired it's own bumper sticker.

 

 

ALL PARTS FALLING OFF THIS VEHICLE

ARE THE FINEST ENGLISH WORKMANSHIP

Mon, 10/01/2012 - 12:23 | 2845379 ebworthen
ebworthen's picture

"U.S. military to buy Fiat 500's"

Just wait...

Mon, 10/01/2012 - 12:27 | 2845395 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fiat to begin new line of American tanks.

Mon, 10/01/2012 - 12:33 | 2845410 MillionDollarBoner_
MillionDollarBoner_'s picture

Fiat tanks?

http://en.wikipedia.org/wiki/Fiat_M13/40

The only tanks with one forward gear and five reverse gears.

The forward gear was there in case of an enemy attack from the rear...:O)

Mon, 10/01/2012 - 21:11 | 2847067 Bunga Bunga
Bunga Bunga's picture

Right, fiat tanks. Got gold&silver?

Mon, 10/01/2012 - 12:35 | 2845417 Ghordius
Ghordius's picture

which one? the http://en.wikipedia.org/wiki/Fiat_2000 or the http://en.wikipedia.org/wiki/Fiat_3000 ?

I'd suggest you take the Fiat 3000, it's sexier

Mon, 10/01/2012 - 12:25 | 2845390 Jason T
Jason T's picture

towards a new dark age.. 

 

we go backwards from here.

Mon, 10/01/2012 - 12:26 | 2845391 giggler123
giggler123's picture

You forgot to add "bicentennially adjusted figures" since annual makes no sense when trying to hide the truth

Mon, 10/01/2012 - 12:27 | 2845396 Fix It Again Timmy
Fix It Again Timmy's picture

Everybody is saving up to buy a GM Volt....

Mon, 10/01/2012 - 12:35 | 2845419 Drachma
Drachma's picture

Mine comes with 3 fire extinguishers, standard.

Mon, 10/01/2012 - 12:33 | 2845409 TrustWho
TrustWho's picture

Note from Daddy Bernanke to Dragi..."What the hell are you doing? Print 1/2 trillion Euros you idot! I am keeping this world economy from falling off the cliff and what the fuck are you doing? You're killing me!"

Mon, 10/01/2012 - 12:33 | 2845411 Winston Churchill
Winston Churchill's picture

Obummer will walk across the Atlantic ,and save them.

Mon, 10/01/2012 - 12:38 | 2845431 pavman
pavman's picture

LOL! I thought the headline was "European September Car Sales Disappoints"

To my surprise I was pretty close to the mark when I read the article ;)

Mon, 10/01/2012 - 12:38 | 2845433 Mongo
Mongo's picture

Bullish for moneycopters!

Mon, 10/01/2012 - 12:55 | 2845516 q99x2
q99x2's picture

Ah git me my ObamaCar once he back in office. 2013 that's right.

Mon, 10/01/2012 - 13:21 | 2845638 azzhatter
azzhatter's picture

obama gonna give me a car

Mon, 10/01/2012 - 13:27 | 2845671 css1971
css1971's picture

Chrysler is FIAT.

Mon, 10/01/2012 - 13:59 | 2845807 PaperBear
PaperBear's picture

Are we now hitting the air pockets in demand created by the discount program years ago ?

Mon, 10/01/2012 - 15:18 | 2846170 walküre
walküre's picture

FWIW

What the housing economy is/was to the US, is the car economy to Europe.

Mon, 10/01/2012 - 16:16 | 2846365 THE DORK OF CORK
THE DORK OF CORK's picture

Ehh - they make  Fiat 500s in Poland now.

Mon, 10/01/2012 - 16:33 | 2846430 bagehot99
bagehot99's picture

They need to buy large parts of Jersey, and ship forty million Fiats there - it will be the ultimate act of Channel (islands) stuffing.

Mon, 10/01/2012 - 16:46 | 2846474 Whiner
Whiner's picture

ECU must come in and guarantee six year lease financing of customers w a 420+ FICO score so this sturdy little car made be made immediately available to the masses. Dealer inventories loans up to one years supply should also be supported by ECU immediately with no trade- in restrictions. Follow Amerika's road Forward to success. Foward!

Mon, 10/01/2012 - 17:25 | 2846572 Notarocketscientist
Notarocketscientist's picture

Bernanke is strumming his donkey cark sinigng hey diddle dont fuck with my fiddle.

 

This is going to fucking crash so fucking hard I can hardly believe I am giong to witness the end of civilization.  What are the odds?

 

Meanwihile Ben sits on his stool stroking his cark (with a look of pride)

Mon, 10/01/2012 - 17:58 | 2846644 Tango in the Blight
Tango in the Blight's picture

Fiat currency sucks so why does anyone wonder that fiat cars suck?

 

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