Rough road ahead for car sales
Car market analyst Samar says there is likely to be no reprieve for forecourts and franchises next year either, with the most pessimistic predictions suggesting only a quarter of a million new vehicles being sold during 2005.
"The chances for sales growth are minimal. The black scenario sees the current monthly level maintained next year, which would mean that the total annual sales would amount to just about 250,000 new cars sold," according to a by report Samar.
Commenting on figures for 2004 the report says: "The forecasts for the whole year are not optimistic. Everything points to yearly sales being about 10 percent lower than in 2003," or 315,000 cars sold.
As previously reported in the WBJ, sales of new passenger cars closed at 19,806 in October, a decrease of 38 percent in annual terms, and the lowest monthly figure in the last three years.
"A drastic decrease in sales was experienced by most companies present in the Polish market," the report continues. "Since May 1, when Poland joined the European Union, the new car market has been in a crisis that has been deepening from month to month."
In January-October 2004, sales of new cars amounted to 275,395-3.8 percent lower on the same period of the previous year.
A breakdown of manufacturers' figures shows Fiat has continued its market dominance, with 45,791 cars sold over the ten-month period, 5.9 percent fewer than a year ago.
Samar also reported that the share of domestically made cars "has been systematically growing." By the end of October, it had grown to 15.1 percent (41,547 cars), up from 14.9 percent (38,943 cars) in September. (K.R., ISB)
"The chances for sales growth are minimal. The black scenario sees the current monthly level maintained next year, which would mean that the total annual sales would amount to just about 250,000 new cars sold," according to a by report Samar.
Commenting on figures for 2004 the report says: "The forecasts for the whole year are not optimistic. Everything points to yearly sales being about 10 percent lower than in 2003," or 315,000 cars sold.
As previously reported in the WBJ, sales of new passenger cars closed at 19,806 in October, a decrease of 38 percent in annual terms, and the lowest monthly figure in the last three years.
"A drastic decrease in sales was experienced by most companies present in the Polish market," the report continues. "Since May 1, when Poland joined the European Union, the new car market has been in a crisis that has been deepening from month to month."
In January-October 2004, sales of new cars amounted to 275,395-3.8 percent lower on the same period of the previous year.
A breakdown of manufacturers' figures shows Fiat has continued its market dominance, with 45,791 cars sold over the ten-month period, 5.9 percent fewer than a year ago.
Samar also reported that the share of domestically made cars "has been systematically growing." By the end of October, it had grown to 15.1 percent (41,547 cars), up from 14.9 percent (38,943 cars) in September. (K.R., ISB)
