Portugal Autos Q1 2021
We expect total vehicle sales to contract by 28.9% in 2020, owing predominantly to the adverse effects of the Covid-19pandemic on consumption and economic activity more broadly. The weight of the pandemic on Portugal's tourism sector willprevent rental dealerships from renewing their fleets and further dampen vehicle demand for passenger vehicles, which accountedfor 80.0% of total vehicle sales in 2019. We expect demand for vehicles to gradually improve through Q420 and into H121, thoughcaution that growth will come from a low base in 2021 and units sold will not reach pre-pandemic volumes. In 2021, we expectvehicle sales growth of 6.2%, reaching over 202,000 units.
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