Italy Autos Report Q2 2015 - New Market Research Report

From: Fast Market Research, Inc.
Published: Mon Mar 02 2015

Vehicle sales in Italy grew 5.0% in 2014 to 1,491,965 units. This recovery in sales emerged alongside a marginally brighter macroeconomic environment for Italy in H114 compared to the recessionary 2013 period. This growth was spurred by a 4.2% expansion in passenger car sales, 16.4% growth in light commercial vehicles (LCVs) while flat sales in the heavy truck segment and a 16.7% fall in bus and coach purchases tempered vehicle sales as a whole.

Despite our worsened 2015 outlook for real GDP and private consumption growth in Italy, we expect sales growth to come to all market segments as low base effects and pent-up demand take hold. We highlight the LCV segment as the industry outperformer over the year, forecasting 9.0% growth, followed by the passenger car market, which we expect to grow 4.5%. On the whole, we forecast a 4.8% expansion in vehicle sales over the year.

Full Report Details at

We forecast a 4.5% expansion in car sales owing to the country's ageing vehicle fleet forcing consumers to purchase new replacement cars as well as mild improvements in consumer sentiment filtering through to the autos sector. However, though consumer sentiment had shown strong signs of recovery toward the end of H114, our Country Risk team stresses that consumer spending is still likely to remain stagnant over the remainder of our forecast period to 2019. With private consumption to grow at an average of just 0.6% a year, we stress that sales will still remain well below historic highs.

In 2014, Light Commercial Vehicle (LCV) sales in Italy increased 16.4% to 117,709 units. This strong growth was similar to light commercial growth across other European markets such as Spain, Sweden, Denmark and the UK when LCV sales grew by 32.0%, 14.7%, 13.6%, and 10.6%, respectively. We believe LCV growth has increased alongside the growth in online retailing which relies on van and light vehicle courier fleets to carry out home deliveries.

Given that our Telecoms team remains bullish on future growth of online...

The Italy Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Italy Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Italy.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Italy to test other views - a key input for successful budgetary and planning in the Italian automotives market.
* Target business opportunities and risks in the Italian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Italy.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Argentina Autos Report Q2 2015
- Malaysia Autos Report Q2 2015
- Indonesia Autos Report Q2 2015
- Russia Autos Report Q2 2015
- Bulgaria Autos Report Q2 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »