BMI View: This quarter, we have made a slight upward adjustment to our already-positive forecasts forSwedish new vehicle sales. For 2017, we are now targeting 4% growth for the sector, with commercialvehicle sales (5.3%) to outperform passenger vehicle sales (3.8%).
Swedish new vehicle sales continue to perform very strongly, in line with our expectations.
Low interest rates, a booming labour market and robust levels of consumer confidence all continue todrive the market higher, with 2017 set to be another record year for Swedish new vehicle sales.
Volvo remains the dominant player on the Swedish market, with the carmaker seeing a 76% annualincrease in sales, to 4,952 units, for the month of August 2017.