Fast Market Research

Just Released: "Greece Autos Report Q1 2013"

New Transportation research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWIRE) -- 03/19/2013 -- BMI has become increasingly bearish on passenger car sales in Greece. In 2012, we forecast a sales decline of 40%. Unemployment remains very high, and retail sales continue to fall. Coupled with continuing austerity measures and political uncertainty, we expect consumer sentiment to remain very weak. This outlook has partly informed our forecast in the passenger car segment. We caution, however, that downward pressure on consumer sentiment from fiscal retrenchment and other macro factors provides considerable downside risk to our sales forecasts.

In terms of sales volumes, the Greek vehicle market stands at less than half the levels seen in 2007. With consumers feeling the pinch of higher taxes and high vehicle ownership costs, we believe a recovery in new vehicle sales unlikely during our forecast period to 2017. It is therefore not surprising that local dealerships are being forced to slash vehicle prices and offer substantial discounts in an attempt to spur demand in the market.

View Full Report Details and Table of Contents

About Fast Market Research
Fast Market Research is an online aggregator and 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 will 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 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:

- Malaysia Autos Report Q1 2013
- South Korea Autos Report Q1 2013
- Vietnam Autos Report Q1 2013
- Russia Autos Report Q1 2013
- Morocco Autos Report Q1 2013
- Mexico Autos Report Q1 2013
- China Autos Report Q1 2013
- Thailand Autos Report Q1 2013
- Brazil Autos Report Q1 2013
- Japan Autos Report Q1 2013