Please take a look at our Automotive Report – January 2019 with main registrations results in Europe and Italy This issue also includes an interesting focus on fuel type evolution (Italian Market)

1. Automotive Report
Analysis of New Car Registrations in Europe and Italy
January 2019

2. 2
Agenda
1 Europe
1.1 Market Overview
1.2 New Car Registrations by Brand
2 Italy
3 Focus on Fuel Type Evolution in Italy
4 New Car Models Launches in Italy

3. 3
Analysis of New Car Registrations in Europe and Italy
* EU + EFTA Countries (Iceland, Norway, Switzerland); ** Δ% January 2019 / January 2018
Executive Summary
 Areas: Islands +8,0%, Centre -2,6%, South -3,0%, North-East -8,5% and North-West
-13,4% in volume in January 2019 compared to January 2018
 Customer segments: Retail +4,1%, Fleet -17,4% and Business -29,5% in volume in
January 2019YTD compared to January 2018YTD
 Brands: among the Top 15 by volume, high increases for Lancia +55,4%, Dacia +25,7%
andVolkswagen +10,6% in January 2019YTD compared to January 2018YTD
 Premium brands: among the Top 15 by volume, BMW +1,2% and Mercedes-Benz +0,7%
in volume in January 2019YTD compared to January 2018YTD
 Top 3 Countries by growth in new registrations: Poland -0,3%, France, -1,1% and
Germany -1,4% in volume in January 2019 compared to January 2018
 Top 3 Countries by market share: Germany 21,9% (+0,7 p.p.), Italy 13,4% (-0,4 p.p.) and
UK 13,1% (+0,4 p.p.) in January 2019YTD compared to January 2018YTD
 Brands: among the Top 15 by volume, high increases for Dacia +12,5%, Citroen +2,8%
and KIA +2,2% in January 2019YTD compared to January 2018YTD
 Premium brands: Mercedes-Benz -2,3%, BMW -4,6% and Audi -16,9% in volume in
January 2019YTD compared to January 2018YTD
Europe*
Italy
-4,6%**
-7,5%**

4. 4
Top 10 European Markets* – January 2019 vs January 2018
Europe – Market Overview
Source: ACEA, Arthur D. Little Analysis
EU New Car Registrations
1.226.446 1.286.098
2019 2018
-4,6%
##
#°
##
Ranking on January 2019 data
New Car Registrations in January 2019
Δ% Jan. 2019 / Jan. 2018
* EU + EFTA Countries (Iceland, Norway, Switzerland)
** Global Financial Crisis (2007-2009)
-7,5
2°
164.864
-11,6
10°
25.257
-0,3
8°
45.927
1°
265.702
-18,8
7°
47.701-10,2
6°
51.074
-1,6
3°
161.013
-8,0
5°
93.546
-1,1
4°
155.079
9°
32.343
-12,6
-1,4
Despite a notable overall decline of the European PC
market (-4.6% vs January 2018), total registrations
(1.226.446) represents the second‐highest January
volume in the post-GFC era**

5. 5
-20
20
10
0
-10
The mid-magnitude overall decline registered in January (-4.6%) is interestingly driven by almost all European Countries
and all Top10 countries, with Netherlands (-18.8%) being the worst performer of the Top10 and Spain (-8.0%) and Italy
(-7.5%) being by far the worst performers of the 5 European big players (Germany, France, UK, Italy, Spain)
Top 10 European Markets* – January 2019YTD
Source: ACEA, Arthur D. Little Analysis
Europe – Market Overview
Highlights Market Share
# Country
Jan.
2019
∆ Vs
2018
1 Germany 21,7% 0,7%
2 Italy 13,4% -0,4%
3 UK 13,1% 0,4%
4 France 12,6% 0,4%
5 Spain 7,6% -0,3%
6 Belgium 4,2% -0,3%
7 Netherlands 3,9% -0,7%
8 Poland 3,7% 0,2%
9 Ireland 2,6% -0,2%
10 Austria 2,1% -0,2%
-1,4
-1,6
-7,5
-1,1
-8,0
-10,2
-18,8
-11,6
-0,3
-12,6
Market Share
∆ % Volume
Jan. 19/18
* EU + EFTA Countries (Iceland, Norway, Switzerland)
20%10%
New Car Registrations Jan. 2019 YTD

6. 6
Top 15 – January 2019YTD
Europe – New Car Registrations by Brand
Source: ACEA, Arthur D. Little Analysis
∆M.S.
19/18
0,01 0,03 -0,02 -0,04 -0,02 0,02 -0,02 0,00 0,00 -0,13 0,08 -0,16 0,04 0,18 0,07
Vol.'19 141.503 81.739 78.485 72.050 69.687 65.973 61.542 60.754 59.108 53.899 51.738 48.238 44.627 44.538 38.040 1.226.446
M.S.'19 11,5% 6,7% 6,4% 5,9% 5,7% 5,4% 5,0% 5,0% 4,8% 4,4% 4,2% 3,9% 3,6% 3,6% 3,1%
-3,5 -2,2
-6,6
-8,3
-6,4
-2,3
-6,4
-4,7 -4,6
-16,9
2,8
-19,6
-0,9
12,5
2,2
-4,6
∆ %
19/18
Tot.
*
* Opel includes Vauxhall New Car Registrations

7. 7
Agenda
1 Europe
2 Italy
2.1 Market Overview
2.2 Market Highlights
2.3 New Car Registrations by Brand
2.4 New Car Registrations by Group
2.5 New Car Registrations by Fuel Type
3 Focus on Fuel Type Evolution in Italy
4 New Car Models Launches in Italy

8. 8
Italian Market –Variation of New Car Registrations 2019 vs 2018
Italy – Market Overview
Source: UNRAE, Arthur D. Little Analysis ∆'18/'17 ∆'19/'18
2019 takes off on the wrong foot with a new major downturn in the PC market (164,864
units sold compared to 178,326 in January 2018). On the one hand, this decrease can be
explained by the solid registrations increase registered in the first half of 2018 driven by
strong NSCs’ self-registrations boost. On the other hand, this new contraction of
registrations is driven by the suspense and confusion phase the Italian market has been going
through recently (in particular for the Fleet & Business channel) after the Italian
Government approved the 2019-2022 Ecotax in late December 2018
January 2019
NovemberMayMarch
-7,3%
January
6,5%
February JulyApril June August September October
-1,4%
December
3,4%
-7,4%-7,5% -5,8%
-2,8%
4,4%
9,5%
-25,4%
-6,3%
2,0%

9. 9
25,7
10,6
10,5
4,1
1,8
-1,0
-11,2
-13,8
-29,2
55,4
Italian Market – January 2019 vs January 2018
Source: UNRAE, Arthur D. Little Analysis
Italy – Market Overview
2015
2014
Δ% January 2019 / January 2018
164.864
178.326
-7,5%
2018
2019
-13,4
North-West
50.091
+8,0
Islands
9.330
-8,5
North-East
52.873
-2,6
Centre
35.131
-3,0
South
17.439
##
aa
##
Region
New Car Registrations in January 2019
Δ% Jan. 2019 / Jan. 2018
Growth of the Top 10
brands by volumes
6

10. 10
Diesel
41,1%
Petrol
45,1% LPG
7,4%
CNG*
1,1%
EV*
5,3%
Other
13,8%
Italian Market – January 2019YTD vs January 2018YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – Market Highlights
Analysis by “Customer Segment” Analysis by “Fuel Type”
Analysis by “Geographical Area” Analysis by “Car Segment”
105.984
33.528
25.352
101.783
40.604 35.940
BusinessRetail Fleet
2018
4,1% -17,4% -29,5%∆'19/'18
50.091 52.873
35.131
17.439
9.330
57.823 57.812
36.069
17.987
8.635
CentreNorth-West North-East South Islands
29.447
164.864
63.319
50.268
18.392 3.083 355
DBA C E TotalF
6,2% -3,0% -14,2% -19,1% -7,8% -41,7%-13,4% -8,5% -2,6% -3,0% 8,0%
2019
2018
∆'19/'18 ∆'19/'18
2019
2018
-31,2
+18,0
+45,9
+8,6
+28,3
∆% Volume Jan. 2019 / Jan. 2018 (YTD)
* CNG: Compressed Natural Gas (Methane and Ethanol); EV: Electric Vehicle (Hybrid and Electric)
164.864
178.326
2018
2019
-7,5

11. 11
New Car Registrations by Brand – January 2019YTD (1/3)
Italy – New Car Registrations by Brand
Source: UNRAE, Arthur D. Little Analysis
24.445
14.865
11.346 11.152 9.638 8.959 8.213 8.100 7.728 6.606 6.249 4.894 4.845 4.439 4.104
-29,2
10,6 4,1
-11,2
10,5 1,8
-13,8
-1,0
25,7
55,4
-16,1
1,2 0,7 9,2
-36,5
Volume
∆Volume
19/18 %
∆ M.S.
19/18 %
Market
Share %
-4,53 1,48 0,77 -0,28 0,96 0,49 -0,36 0,32 1,24 1,63 -0,39 0,26 0,24 0,41 -1,13
14,83 9,02 6,88 6,76 5,85 5,43 4,98 4,91 4,69 4,01 3,79 2,97 2,94 2,69 2,49

12. 12
New Car Registrations by Brand – January 2019YTD (2/3)
Italy – New Car Registrations by Brand
Source: UNRAE, Arthur D. Little Analysis
4.087
3.554 3.388
2.473
2.027 1.792 1.782 1.704 1.608 1.543
1.051 951 747 714
282
-37,3
-11,8
-45,4
-10,7
14,1
-9,6
54,4
-5,7
3,7
-9,4
50,5
-7,2
84,0
-58,6
0,4
Volume
∆Volume
19/18 %
∆ M.S.
19/18 %
Market
Share %
-1,17 -0,10 0,17 -1,04 -0,04 0,21 -0,03 0,41 0,02 0,11 -0,01 0,23 0,00 0,21 -0,21
2,48 2,16 2,06 1,50 1,23 1,09 1,08 1,03 0,98 0,94 0,64 0,58 0,45 0,43 0,17

13. 13
New Car Registrations by Brand – January 2019YTD (3/3)
Italy – New Car Registrations by Brand
Source: UNRAE, Arthur D. Little Analysis
256 240 229 211 209
171
81
50 48
23 18 6 5 00
28,0
-6,2
14,1
-4,1 -36,2
42,9
-49,5 -40,0
20,0
-100,0
200,0
400,0
287,1
155,6
0,0
Volume
∆Volume
19/18 %
∆ M.S.
19/18 %
Market
Share %
0,05 0,12 0,00 0,03 0,01 -0,05 -0,01 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
0,16 0,15 0,14 0,13 0,13 0,10 0,05 0,03 0,03 0,01 0,01 0,00 0,00 0,00 0,00

14. 14
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
New Car Registrations by Group – Top 15 – January 2019YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Group
24,3
18,3
13,7
9,7
6,8
4,8
5,1
4,0
3,9
2,5
2,1
1,7
1,0
0,6
0,5
Top 5: 72,7%
Top 10: 93,1%
1,7%
-21,7%
-36,7%
-1,3%
5,3%
-5,6%
-11,2%
4,0%
-0,4%
1,8%
0,4%
5,0%
54,4%
-9,4%
-7,2%
39.994
30.152
22.610
15.941
11.152
7.993
8.356
6.637
6.437
4.152
3.388
2.733
1.704
1.051
747
FCA
PSA
Volkswagen
Renault
Ford
Hyundai
Toyota
Daimler
BMW
Nissan
Suzuki
JLR
Volvo
Mazda
Honda
Market Share
(%)
DeltaVolume
'19 vs '18
VolumeGroup Brand

15. 15
New Car Registrations by Fuel Type –Top 10 – Petrol and Diesel
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Fuel Type








































DieselPetrol
January 2019 2019YTD
 Ranking variation compared to previous period
11.387
4.810
3.324
2.516
2.490
2.379
2.060
1.596
1.581
1.509
11.387
4.810
3.324
2.516
2.490
2.379
2.060
1.596
1.581
1.509
2.618
2.293
2.159
2.117
2.071
1.758
1.738
1.516
1.489
1.468
COMPASS
500X
QASHQAI
RENEGADE
3008
T-ROC
TIGUAN
CLIO
GOLF
A CLASS
PANDA
YPSILON
C3
POLO
208
T-ROC
KARL
ECOSPORT
FIESTA
500
COMPASS
500X
QASHQAI
RENEGADE
3008
T-ROC
TIGUAN
CLIO
GOLF
A CLASS
PANDA
YPSILON
C3
POLO
208
T-ROC
KARL
ECOSPORT
FIESTA
500
2.618
2.293
2.159
2.117
2.071
1.758
1.738
1.516
1.489
1.468

16. 16
2.329
2.229
1.595
968
865
690
590
481
409
295
New Car Registrations by Fuel Type –Top 10 – LPG and CNG
Source: UNRAE, Arthur D. Little Analysis




















CNGLPG
January 2019 2019YTD




















Italy – New Car Registrations by Fuel Type
 Ranking variation compared to previous period
576
440
174
149
115
100
56
54
30
26
576
440
174
149
115
100
56
54
30
26
PANDA
DUSTER
YPSILON
CLIO
CORSA
SANDERO
500
PICANTO
MOKKA
STONIC
PANDA
DUSTER
YPSILON
CLIO
CORSA
SANDERO
500
PICANTO
MOKKA
STONIC
UP!
PANDA
ASTRA
YPSILON
CADDY
QUBO
MII
CITIGO
DOBLO
POLO
UP!
PANDA
ASTRA
YPSILON
CADDY
QUBO
MII
CITIGO
DOBLO
POLO
2.329
2.229
1.595
968
865
690
590
481
409
295

17. 17
3.155
1.574
531
486
418
370
353
287
233
217
New Car Registrations by Fuel Type –Top 10 – Hybrid and Pure Electric
Source: UNRAE, Arthur D. Little Analysis




















PureElectricHybrid
January 2019 2019YTD




















Italy – New Car Registrations by Fuel Type
 Ranking variation compared to previous period
94
57
51
16
14
12
6
6
6
5
YARIS
C-HR
RAV4
SWIFT
NIRO
AURIS
IGNIS
A6
MONDEO
Q8
YARIS
C-HR
RAV4
SWIFT
NIRO
AURIS
IGNIS
A6
MONDEO
Q8
FORTWO
ZOE
LEAF
I3
I-PACE
MODEL X
C-ZERO
GOLF
MODEL S
FORFOUR
FORTWO
ZOE
LEAF
I3
I-PACE
MODEL X
C-ZERO
GOLF
MODEL S
FORFOUR
3.155
1.574
531
486
418
370
353
287
233
217
94
57
51
16
14
12
6
6
6
5

18. 18
Overview of New Car Registrations by Segment
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
Segments Growth in Market Share* Market Share andVolume**
+2,3%
D
«Executive»
+1,8%
B
«Supermini»
-0,1%
E
«Luxury»
-2,4%
C
«Medium»
0,0%
F
«Ultra Luxury»
0,2%
B
11,2%
17,9%
D
A
E
38,4%
30,5%C
1,9%
355F
100,0%Tot.
29.447
63.319
50.268
18.392
3.083
164.864
A
«Utility/City»
* Δ% January 2019 YTD / January 2018 YTD; ** Market Share and Volume January 2019 YTD
-1,6%

19. 19
Segment A and Segment B – Top 10 – January 2019YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
A
“Utility/City”
B
“Supermini”
14.638
2.183 2.104 1.761 1.462 1.356 1.124 871 828 694
500PANDA IGNISKARL PICANTOAYGOUP! FORTWO C1 108
6.606
4.216 4.137 4.112
3.805 3.792
3.341 3.224
2.692 2.421
CORSAYPSILON C3 YARIST-ROC POLO CLIO 208 SANDERO FIESTA
∆ Vol. %
19/18 YTD
∆ Vol. %
19/18 YTD
SegmentA is the only one showing a positive sign
on both volumes growth rate (+5,8% compared to
January 2018) and market share growth rate
(+2,3p.p. compared to January 2018)
Segment B despite its decrease in volumes (-3,4%
compared to January 2018) registered a boost in
market share (+1,8p.p. compared to January 2018)
30,1% -58,5% 25,7% 38,9% 23,2% 30,6% 64,8% -4,1% -15,9% -15,1%
55,3% -12,8% 306,4% 9,8% 4,8% -4,1% -1,9% 35,9% -50,1% 23,9%

20. 20
Segment C and Segment D –Top 10 – January 2019YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
C
“Medium”
D
“Executive”
3.923
3.410
2.979 2.963
2.632 2.557 2.502
2.227
1.764 1.687
COMPASSDUSTER 500X GOLF A CLASSRENEGADE ECOSPORT QASHQAI 3008 TIPO
1.846
1.445
1.149
996
725 718
547 540 539 536
TIGUAN X3STELVIOKUGA X1 GLA RANGE
EVOQUE
OCTAVIA E-PACE RAV4
∆ Vol. %
19/18 YTD
∆ Vol. %
19/18 YTD
15,6% -40,6% -19,0% -16,7% 99,1% -14,9% 28,2% -35,2% 74,8% -67,7%
-33,7% -5,6% -13,9% -13,0% 85,4% 4,1% -26,6% -42,0% 243,3% -20,5%
Segment C and Segment D are by far the worst
performers respectively falling by 14,6% and 19,4% in
terms of volumes and -2,4p.p. and -1,5p.p. in terms of
market shares compared to January 2018

21. 21
Segment E and Segment F –Top 10 – January 2019YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
E
“Luxury”
F
“Ultra Luxury”
60
28
25 24 22 20 20 19 18
14
GHIBLI PANAMERA7 SERIES S CLASS8 SERIES PORTOFINO GTF-TYPE A8 911
∆ Vol. %
19/18 YTD
∆ Vol. %
19/18 YTD
68,5% -27,9% -51,6% -31,7% -12,3% NA 815,0% 34,4% 12,6% -14,0%
-49,2% -31,7% NA -71,4% NA -16,7% -25,9% -53,7% 38,5% -90,1%
524
290 280 272 249
219
183 164
125 104
A6RANGE
SPORT
5 SERIES X5Q8E CLASS TOUAREGF-PACE XC90 LEVANTE
Luxury and Ultra-Luxury segments continue their
collapse started in September / October 2018.
Segment E falls by -8,2% and Segment F falls by
-41,9% compared to January 2018

22. 22
Agenda
1 Europe
2 Italy
3 Focus on Fuel Type Evolution in Italy
4 New Car Models Launches in Italy

23. 23
New Regulation, Media attacks and higher expected cost of ownership
nearly halfed Diesel sales share especially in favor of Petrol, Hybrid and LPG
Italy – Trend of New Car Registrations by Fuel Type
70% 70% 69% 68% 67% 65%
41%
21% 23% 23% 23% 27%
45%
8% 9% 8% 9% 10% 9%
14%
22%
Q4 2017 Q1 2018 Jan 2019Q3 2018Q2 2018 Q4 2018
-29p.p.
Alternative DieselPetrol
Source: UNRAE, Arthur D. Little Analysis
Note: (*) Worldwide harmonized Light-Duty vehicles Test Procedure
Q1 2016 – Q3 2017
We are about to go on a 4-year journey
[…] to make Milan a low emission zone
Milan Mayor – Jun, 2018
“
”
Diesel cars targeted: one million
cars banned [in Piemonte] by 2025
Repubblica – Oct, 2017
“
”
Institutional announcements
Regulation introduction / approval
Introduction of WLTP*
Sales Approval
Government approves
introduction of Eco-
Tax in March 2019
Media opinions
From 2024, private diesel vehicles
will be banned in the Rome center
Rome Mayor – Feb, 2018
“
”
Sala Plan to make Milan a
diesel-free city
24 Ore – Jun, 2018
“
”

24. 24
New Car Registrations of Hybrid vs Pure ElectricVehicles
Source: UNRAE, Arthur D. Little Analysis
Italy – Focus on ElectricVehicles Market in Italy
3.387
4.889
7.431
8.766
2016 2017 2018 2019
EV Registrations Trend
Volume, DeltaYoY, EV Market Share Jan. '19YTD
Hybrid and Pure ElectricVehicles Trend
Volume Jan. '19YTD
Delta
YoY
41,2% 44,3% 52,0% 18,0%
M.S. 2,2% 2,8% 4,2% 5,3%
CAGR
3,4%
2016
96,6%
3,4% 96,6%
3,8%
96,2%
2017 2018
3,2%
96,8%
2019
Electric Hybrid
+35,2%
+37,4%

25. 25
Italy – Replacement trend in Italy – Drivetrains
Questions: What type of drivetrain does your car have? What type of drivetrain will you likely choose?
Source: Arthur D. Little
According to a recent ADL survey, the change in Italian customers buying
behaviors regarding the drivetrain is going to be dramatic!
 The massive dominance of
pure combustion engines,
and gasoline engines in
particular, is likely to
decrease significantly
 A surge in sales of battery
electric vehicles (BEVs) and
hybrid solutions is expected
 Hybrid vehicles are
expected to be key for the
next years
 Only a small number of
people expect to change to
other alternatives (such as
fuel cells)
Replacement trend in Italy
Current and expected drivetrain, respondents intending to replace car
Notes: Data according to the responses of a selected sample of ~500 respondents to questions on buying behavior
Width of arrows is only indicative of size, and the smallest movements have been left out
Electric
Other
Gasoline
Natural gas
Diesel
Plug-in
hybrid
Hybrid
0.0%
42.5%
9.0%
1.0%
2.7%
0.8%
44.0%
Electric
Other
Gasoline
Natural gas
Diesel
Plug-in
hybrid
Hybrid
4.5%
13.5%
14.9%
16.2%
32.3%
3.7%
14.9%
Remarks

26. 26
Agenda
1 Europe
2 Italy
3 Focus on Fuel Type Evolution in Italy
4 New Car Models Launches in Italy

27. 27
New Models Launch per Brand – Roadmap 2019 (1/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
A
B
C
D
F
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
(P)
Q3 R8 e-tron 4
Z4
C5 Aircross
DS3 Crossback
1) 3 Series
2) X7 7 Series

28. 28
New Models Launch per Brand – Roadmap 2019 (2/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
F
G
H
I
J
K
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
(P)
Edge
QX50
ProCeed
Mondeo
Soul

29. 29
New Models Launch per Brand – Roadmap 2019 (3/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
L
M
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
(P)
Range Rover
Evoque Defender
1) ES hybrid
2) UX RC
Mazda 3
A Class
Sedan B ClassGLE CLA EQ C

30. 30
Source: Quattroruote; Arthur D. Little Analysis
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
New Models Launch per Brand – Roadmap 2019 (4/5)
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
M
N
O
P
R
S
(P)
508 SW 208
(P)
400Z
(P)
Macan 911
Kadjar Clio
(P)
Tarraco
Scala
(P)
Kodiaq RS KAMIQ
Twingo Clio
Scala

31. 31
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
New Models Launch per Brand – Roadmap 2019 (5/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
S
T
V
(P)
Forester
Model 3
Supra
T-Cross Golf 8
S 60
1) Corolla
2) RAV4 Prius