Greece Autos Report Q4 2016

Greece Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262780
Pages: 33
Format: PDF
Delivery: Immediate download

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BMI View: The inability of government to ramp up infrastructure spending as it imposes a strict austerity
policy will limit commercial vehicle sales, while the lack of funds available to the consumer due to low
wages and capital controls will drag on consumer spending and place downward pressure on passenger
vehicle sales. Total vehicle sales will grow to a subdued 85,216 units in 2016, below its 2004 peak level of
315,903 units.

Key Views
¦ Capital controls will continue to hamper vehicle sales as credit finance remains capped.
¦ Poor consumer sentiment will continue to hinder passenger vehicle sales beyond our 2016-2020 forecast
¦ Strict austerity measures, a subdued construction industry and a weak consumer outlook will impede
vehicle sales.

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