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Romania Autos Report Q3 2013

Romania autos market: Latest market analysis presented


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2014-02-14 07:11:01 - Romania Autos Report Q3 2013 - a new market research report on companiesandmarkets.com

In the first four months of 2013, passenger car sales in Romania decreased 9.8% y-o-y, to 16,475 units.

We maintain a particularly bearish outlook for GDP growth in Romania, and private consumption more specifically, and we forecast an 8% decline over the year.

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 for 2013. Over the remainder of 2017 forecast period, we expect to see a steady increase in sales volumes, but believe the market will remain considerably below its 2007 peak within this time frame.

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