2014-02-10 00:05:03 - Romania Autos Report Q1 2014 - a new market research report on companiesandmarkets.com
BMI forecasts a 12.8% decline in vehicle sales in Romania over 2013, on the back of ongoing weakness in both consumer and manufacturing sentiment. Indeed, we forecast a 14.0% fall in passenger car sales over the year as the country´s consumer story remains weak, and a 7.4% drop in the commercial vehicle (CV) segment as manufacturing and construction activity continues to remain tepid.
Over the remainder of the 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 timeframe.
In 2012, total vehicle production in Romania increased 0.8%, to 337,765 units. Passenger car production increased 5.3% in this period, while commercial vehicle (CV) production declined 55.1%.
The surge in passenger car production over the year was on the back of strong export growth, while the CV segment declined largely as a result of Ford Motor shifting production.
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