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Thursday 3 October 2013

Greece Autos Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Greece Autos Report Q4 2013
Oct 2nd 2013, 00:00, by swapnil

Passenger car sales in Greece declined 6.4% year-on-year (y-o-y) in the first six months of 2013, to 30,364 units. BMI forecasts a decline of 8% in 2013 on the back of an increasingly bearish private consumption story. Although this represents something of a moderation in the 40.1% decline in 2012, we caution that this does not show a resurgence in private demand; rather, we believe that the market is bottoming-out somewhat. Vehicle sales have declined for five consecutive years amid extremely weak consumer sentiment. Despite the weakness in consumer sentiment, the market has little space left to drop. Over the …

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