Mercoledì, 24 Ottobre 2018

Federauto president pessimistic about 2013 sales in Italy


Bologna, December 4 - Automobile sales are likely
to drop by 5% next year, a severe blow coming on on top of 2012
losses, the president of Italy's auto sales association warned
Filippo Pavan Bernacchi, of Federauto, dismissed estimates
by the Centro Studi Promotor that sales could rise by as much as
11% next year, saying such figures are not supported by market
"A year from now, we'll see who was right," he told
reporters gathered at an auto show in Bologna.
He blamed everything from political uncertainty due to next
spring's elections for an Italian premier, to tax increases
scheduled for July 2013, to the economic recession for the
industry's woes.
The 1% increase in the value-added tax (VAT) next July will
boost average auto prices by as much as 440 euros, Pavan
Bernacchi added.
Meanwhile, losses for the current year could reach 20% of
average sales, he said.
In fact, auto sales fell by 20% in November alone compared
with the same period in 2011, according to data from the
infrastructure ministry.

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