Serbia Autos Report Q4 2016

Serbia Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262261
Pages: 33
Format: PDF
Delivery: Immediate download

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BMI View: This quarter, we retain our positive view on the Serbian new vehicle sales market, targeting 20.2% growth for 2016. Low interest rates and a recovering economy continue to underpin demand.

Key Views
• Fiat Chrysler Automobile Serbia's plan to lay off nearly 30% of its workforce at its Kragujevac plant will lead to a further fall in domestic passenger vehicle manufacturing.
• As a result, this quarter we are revising down our passenger vehicle production forecast to a contraction of 27.0% in 2016, down from a previously forecast decline of 10.0%.
• It is flagging foreign demand for the Fiat 500L that is driving the fall in output; however, the car remained Serbia's top seller over H116.

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By market: Serbia (in Europe)

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