Italy Autos Q2 2019
In 2019, we forecast a 4.0% decline in new vehicle sales in Italy, reaching around 2.0mn units by year-end. We expectnew vehicle sales to fall as uncertainty around the populist policies of the Italian government, weak wage growth and sluggisheconomic activity weigh on consumer spending. For the commercial vehicle segment, we expect a weak business environment andthe end of tax incentive on heavy truck purchases to lead to a downturn in sales. The new vehicle tax regime effective from March1 2019, will provide support for low polluting vehicles and penalise high polluting in an attempt to spur electric vehicle uptake.
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