Poland’s new car sales bounced back sharply in March as Poles rushed to showrooms after the end of the winter season, attracted by discount offers and concerned about a weakening of the zloty, according to Reuters.
According to a monthly report by market research agency Samar cited by the news agency, Poles bought 21,658 new passenger cars in March, up nearly 20% from February.
It was the highest monthly sales figure since June 2005, but was a 9% fall on March last year. In the first quarter, new car sales reached 58,261 units, down nearly 12% over the same period of 2005.
“The rise in new car sales is not only thanks to the “spring season effect” but also due to falling prices following special offers by car dealers,” Samar reportedly said in a statement.
According to Reuters, Samar said worries that political jitters in Poland might further weaken the zloty and boost car prices were also a key factor behind a rise in sales. The zloty dropped around 5% against the euro in March.
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By GlobalDataA steady inflow of used cars from other European Union countries also continued to weigh on the market, the report noted – Samar estimates that since EU entry in May 2004 brought the end of import restrictions, Poles haves purchased 2 million used cars, mainly brought in from western Europe, and bought about half a million new cars.
Japan’s Toyota was the market leader, selling 7,791 cars in the first quarter, followed by Volkswagen’s Czech unit Skoda with 6,735 cars and GM’s Opel unit with 6,614 cars sold, Samar said, according to Reuters.