Polish car production up by 6.8% in Q1 - report
According to the reported compiled by consultancy KPMG, car production grew by 6.8 percent year-on-year in Q1 and was worth PLN 28.3 billion. The number of new car registered in Poland in Q1 grew by 28.9 percent y/y with nearly 100,000 vehicles registered.
“The increase in new car registrations was due to two factors, economy being back on track and new VAT regulations witch allowed for tax to be deducted for vehicles with partitions [separating the back seat from the trunk, allowing them to be used for transportation]. Out of all new cars registered in Q1, 22,100 had such partitions,” the report said.
“This all shows what great potential lies in the Polish sector and how it’s being affected by tax regulations. Quarterly sales with volumes around 100,000 new cars per quarter should be a minimum, not something we can brag about,” said Jakub Faryś, president of Polish Automotive Industry Association, adding that the figures, although better than the year before, are still worse that those observed in Slovakia or Czech Republic.
