Naperville, IL -- (SBWIRE) -- 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.
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