New market study, "Romania Autos Report Q4 2013", has been published

From: Fast Market Research, Inc.
Published: Fri Oct 11 2013

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 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.

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 due predominantly to Ford Motor shifting production.

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