Czech Republic Autos Q4 2019
We expect total new vehicle sales to contract by 0.9% in 2019 as consumers become more wary of their financialsituation. Rising interest rates and higher inflation will weigh on sales in the passenger vehicle segment. Commercial vehicle saleswill continue to grow as rising manufacturing, retail, construction and general export activity all raise the need for more road vehiclelogistics serviced by light commercial vehicles and trucks. We expect vehicle production to drop 1.1% in 2019 in tandem with thedeclining domestic vehicle demand; however, the demand for vehicles produced in the Czech Republic remains strong in the rest ofEurope.
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