Features
Piaggio: Sales up in North America but down worldwide
The Piaggio Group is reporting decreased worldwide sales in its first quarter but increased business in North America.
The company reported a 20 percent dip in its worldwide vehicle sales and a 15.8 percent downfall in overall sales.
However, the company’s first-quarter vehicle sales in North America increased to 6,400, an improvement of 50.5 percent.
Piaggio Group, however, did finish its first quarter with a net loss of $6.2 million after ending the prior-year period with a net income of $4.2 million.
