Italian market Forecast for 2016 (PC+LUV)
- Over the first nine months of 2015, the Italian car market experienced a 14.9% increase. However, the expected volume in 2015 is still far from the figures reached before 2011.
- GDP growth is expected to rise to 1.4% in 2016 and 2017. The labour market is improving, helping to drive private consumption higher. However, bank credit remains constrained due to the large and still rising amount of non-performing loans, hampering investment growth. Sluggish export market growth is hindering exports.
- For 2016, the growth of the Italian automotive market should continue to be strong, but in smaller proportions than in 2015. Inovev expects less than 8% of increase for the coming next year.
- Following new models, to be launched in 2016 and which can stimulate the Italian market during the year, are worthy to mention: new Fiat Bravo (produced in Turkey), new Fiat Punto (produced in Poland), new Alfa Giulia and future Alfa SUV (if it is not delayed again), new Ford Fiesta, Citroen C3 and VW Polo that still positions itself in good position in the ranking of best selling cars in Italy. However, Inovev does not forecast real sales growth of the Fiat 500, whose facelifted version (slightly) just started. Finally, in 2016, Lancia will sell only one model, the Ypsilon, which will gradually increase in sales, however only in Italy.
Contact us: info@inovev.com