Italy Autos Q1 2021
Key View:
We recently made upward revisions to a number of our vehicle segment forecasts for 2021, owing to positivedevelopments on a vaccine for Covid-19. We now expect total vehicle sales growth of 25.0% in 2021. Though not a panacea, weexpect a vaccine rolled out to the most vulnerable in H121 will help to return consumer confidence and drive private consumption.We also note the potential for a rebound in exports, which would support demand in the transport & logistics sectors for LCV's andheavy trucks.
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