The IPI tax increase on imported cars had a strong impact on car sales in October. Adding passenger cars, light commercial vehicles, buses and trucks, the volume sold was 280,537 units, down 11% compared to September. In comparison with October of last year, the reduction was 7.5%. In addition to the IPI on imported cars, the auto industry cooled off as a result of the slowing economy. The auto industry sent many of itsworkers out on holiday for periods of August, amidst a build-up in stocks.September’s decline in auto production was the largest fall since December 2008,when automotive production fell nearly 40% on a monthly basis. Volkswagen closed the month in the lead, with 20.7% market share, followed closely by Fiat, with 20.4%. Chevrolet got 17.8% of sales and Ford with 8.9%.
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