just-auto.com

ITALY: No sales recovery till 2014 - think tank

By just-auto.com editorial team | 2 December 2010

Italy's new car sales are unlikely to return to pre-crisis levels of 2.34m units a year until 2014 with sales seen flat in 2011, the Promotor Study Centre (CSP) said.

In 2010, new car registrations are expected at 1.955m, down 9.4% from 2009, the Bologna-based think tank said, according to Reuters, adding they would have been lower without the impact of incentives earlier this year.

"According to the simulations of CSP, in the absence of new incentives and a significant acceleration in economic growth, the aim of filling the gap prompted by the crisis could be achieved in 2014," CSP director Gianprimo Quagliano said.

Market recovery will bring sales to 1.96m in 2011 while they will rise to 2.1m units in 2012 and reach 2.2m in 2013 and 2.35m in 2014, Quagliano said.