Boston, MA -- (ReleaseWire) -- 03/27/2014 -- Vehicle sales in Italy declined 7.6% in 2013, to some 1.4mn units on the back of a weak macro environment. This came from a 7.0% drop in passenger car sales and 13.3% fall in the commercial vehicle (CV) segment. In 2014, we expect these dynamics to continue to impact the autos sector, and accordingly forecast a 4.8% drop in vehicle sales over the year.
BMI forecasts a 5.1% contraction in the passenger car segment in 2014, as we believe consumers will remain reticent about big ticket purchases, and a recovery in the autos sector is likely to lag behind broader improvements in private consumption. However, pent-up demand in the market from sustained declines may buoy sales somewhat over the year. Furthermore, low base effects from weak sales in 2013 may help boost growth.
View Full Report Details and Table of Contents
In 2014, BMI forecasts a decline of 2% in the LCV segment and 1% in heavy truck sales. This has been informed by our still-bearish view on the country's manufacturing and construction sectors, although some relief is likely to come on the back of pent-up demand from several years of sustained declines in the market and low base effects from a moribund 2013.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Argentina Autos Report Q2 2014
- Vietnam Autos Report Q2 2014
- Thailand Autos Report Q2 2014
- China Autos Report Q2 2014
- Russia Autos Report Q2 2014
- Algeria Autos Report Q2 2014
- Morocco Autos Report Q2 2014
- Indonesia Autos Report Q2 2014
- Malaysia Autos Report Q2 2014
- Romania Autos Report Q2 2014