Stock Markets February 2, 2026

Italy’s January New-Car Market Starts 2026 with Year-on-Year Gain

Transport ministry figures show a 6.18% rise in January registrations as Stellantis and several Chinese brands post strong increases

By Priya Menon
Italy’s January New-Car Market Starts 2026 with Year-on-Year Gain

January new-car registrations in Italy rose 6.18% year-on-year to roughly 142,000 vehicles, according to transport ministry data. Stellantis outpaced the market with an approximate 11% increase and a 32.6% share; Chinese manufacturers BYD and Chery brands recorded large percentage gains, while Tesla also posted higher sales.

Key Points

  • January 2026 new-car registrations in Italy rose 6.18% year-on-year to around 142,000 units, per transport ministry data - impacts the automotive manufacturing and retail sectors.
  • Full-year 2025 registrations declined 2.1% to about 1.56 million vehicles, indicating prior market weakness with implications for inventory and production planning in the auto supply chain.
  • Stellantis outpaced the market in January with sales up roughly 11% and a 32.6% market share; rapid percentage gains from Chinese brands BYD and Chery, and a 75% rise for Tesla, signal shifting competitive dynamics in the passenger vehicle market.

Italy’s market for new passenger vehicles opened 2026 with a positive outcome in January, when registrations climbed 6.18% compared with the same month a year earlier to about 142,000 units, transport ministry figures showed on Monday.

That uptick follows a full-year 2025 marked by a decline in overall demand: registrations for the calendar year fell 2.1% to roughly 1.56 million cars, the data indicate.

Market leader Stellantis outperformed the broader market in January. Sales at the group - whose brand portfolio includes Fiat, Jeep, Peugeot and the Chinese joint venture Leapmotor - rose by around 11%, giving it a market share of 32.6% based on the available calculations.

Chinese manufacturers continued to expand their foothold in the Italian market in January. BYD delivered approximately 3,553 vehicles in Italy, a year-on-year increase of about 330%. Chery’s Omoda and Jaecoo models together recorded an uplift of around 357%, reaching roughly 2,496 units.

Meanwhile, Tesla’s sales in Italy increased by 75% in January to 713 units, according to the same dataset.

The transport ministry figures provide a monthly snapshot that contrasts with the 2025 full-year decline. January’s gain demonstrates a measure of near-term momentum, with market share shifts visible among legacy manufacturers and faster-growing new entrants.

Further monthly data will be required to determine the durability of the improvement seen in January and how it translates into broader industry performance for 2026.

Risks

  • Sustaining the January rebound is uncertain given that full-year 2025 registrations fell 2.1% to about 1.56 million units - this uncertainty affects auto manufacturers, suppliers, and dealerships.
  • Rapid market share gains by Chinese entrants and strong month-on-month swings create variability for incumbents and supply-chain planning across the automotive sector.

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