Fiat has detailed its model plans for the next five years which it hopes will help it maintain its market share in Europe over the next five years.
The brand is expecting a rise in sales from 1.3 million units to 1.5 million units globally within the next five years, a rise of 15.4%. European, Middle East and Africa volumes are expected to be static at 700,000 units in 2018.
Fiat’s plan will be to further leverage the 500 family of vehicles to expand its position within upper mainstream segments.
European dealers can expect a new 500X crossover this year, sports car and compact saloon in 2015, compact hatch and estate, as well as a new 500 replacement in 2016, a C-segment crossover in 2017 and the replacement for the new Panda in 2018.
The sports car in the line-up next year could be what was going to the Alfa Romeo Spider which is sharing development with the Mazda MX-5. The Spider was missing in Alfa Romeo’s product plans in the brand’s presentation to investors.
Fiat Chrysler Group presented a five year plan for its portfolio of brands with Jeep and Alfa Romeo earmarked to lead the majority of growth between now and 2018.