Naperville, IL -- (ReleaseWire) -- 06/16/2014 -- Reportstack, provider of premium market research reports announces the addition of Italy Autos Report Q3 2014 market report to its offering
Vehicle sales in Italy declined 7.6% in 2013 to 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 to see a resurgence across the market due to low base effects and pent-up demand and
accordingly forecast 3.3% growth in vehicle sales over the year.
BMI forecasts 3% growth in passenger car sales in 2014 as improvements in consumer sentiment filter
through to the autos sector. Moreover, pent-up demand in the market from sustained declines has buoyed
sales over the year-to-date, and low base effects from weak sales in 2013 have provided a further boost.
BMI maintains our bearish view on the country's manufacturing and construction sectors, although some
relief to the CV segment 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. BMI forecasts a 7% increase in the LCV
segment and a 3% increase in heavy truck sales. We believe that the ongoing weakness manufacturing
sector will weigh on sales in the latter part of the year.
To view the table of contents for this market research report please visit