Car Sales Drag On Overall Growth

With Czech passenger car sales in the first four months of 2011 reaching 56,646 units - only 3.7% higher than in the same period last year, BMI holds to its forecast of sales rising 2.8% y-o-y in 2011. Although we see a significant improvement in consumer demand from 2012, we do not anticipate a complete recovery in sales to pre-crisis levels until 2013.

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