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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JenkinsLane's picture

Put me down for a donkey.

Mr Lennon Hendrix's picture

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

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.

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.

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.

LeisureSmith's picture

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

Taterboy's picture

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

WALLST8MY8BALL's picture

Imagine that! Fiat bringing down FIAT!

spanish inquisition's picture

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

Blue Horshoe Loves Annacott Steel's picture

Why not? Those won't rust as quickly.

Don Diego's picture

well, the Trabant wasn't made of cardboard?

kaiserhoff's picture

Someone still buys a damn Fiat?  Who knew?

CPL's picture

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

MillionDollarBoner_'s picture

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

Metalredneck's picture

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

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?

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?

PUD's picture

Why drive when you can walk to the dumpster?

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?

LongSoupLine's picture

 

 

Fiat..the car = down.

Fiat...the currency = BULLISH!

Haager's picture

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

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.

MillionDollarBoner_'s picture

Fiat cars.

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

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

ebworthen's picture

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

Just wait...

Mr Lennon Hendrix's picture

Fiat to begin new line of American tanks.

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)

Bunga Bunga's picture

Right, fiat tanks. Got gold&silver?

Jason T's picture

towards a new dark age.. 

 

we go backwards from here.

giggler123's picture

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

Fix It Again Timmy's picture

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

Drachma's picture

Mine comes with 3 fire extinguishers, standard.

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!"

Winston Churchill's picture

Obummer will walk across the Atlantic ,and save them.

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 ;)

Mongo's picture

Bullish for moneycopters!

q99x2's picture

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

azzhatter's picture

obama gonna give me a car

css1971's picture

Chrysler is FIAT.

PaperBear's picture

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

walküre's picture

FWIW

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

THE DORK OF CORK's picture

Ehh - they make  Fiat 500s in Poland now.

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.