Italy Autos Report Q1 2013: New Research Report Available at Fast Market Research
In the first 10 months of 2012, passenger car sales in Italy declined 19.6% year-on-year (y-o-y), to 1,203,022 units. Over the course of the year, BMI forecasts a decline of 20% in this segment. We forecast private consumption to contract in 2012 as Italian households are hit by ongoing austerity measures, including higher taxes and cuts in social spending. Further, unemployment will also continue to weigh on consumption. Indeed, liberalisation measures passed by the Monti government have failed to radically...
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