In the first six months of 2013, passenger car sales in Romania decreased 26.4% y-o-y, to 24,549 units. BMI maintains a particularly bearish outlook for GDP growth in Romania, and private consumption more specifically, and we forecast an 18% decline in the segment over the year. In 2012, passenger car sales in the country declined 23.7%, to 72,179 units. In 2012, passenger car sales in the country declined 23.7%, to 72,179 units. Unemployment increased in 2012, and access to consumer credit remains weak. We expect these trends to continue into 2013. This outlook has informed our passenger car sales forecasts …
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