View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 9, 2010

ITALY: Italian car market set to slow

The Italian car market is set to see a sharp slowdown in growth in the second quarter due because it has not renewed incentives on car sales, the Organisation for Economic Cooperation and Development's (OECD) chief economist has said.

The Italian car market is set to see a sharp slowdown in growth in the second quarter due because it has not renewed incentives on car sales, the Organisation for Economic Cooperation and Development’s (OECD) chief economist has said.

The OECD said Italy’s gross domestic product (GDP) should expand 1.2 percent in the first quarter but then growth would slow to just 0.5 percent in the second quarter.

The organisation said that the first quarter GDP figure shows strong growth ‘because it incorporates strong figures for car sales,’ Pier Carlo Padoan told Reuters.

“In the second quarter, car sales won’t be so robust and, consequently, we are expecting a slowdown in growth,” he told Reuters.

 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto