Growth Forecast For Greek Market

The Greek passenger car market has been struggling to maintain the growth set in the Olympic year of 2004, although given that sales for that year were a special case, sales for 2005 were still over 4% higher than 2003. Consequently, BMI's Greece Automotives Report retains an optimistic forecast of growth for 2006. Although we do not expect sales growth of over 2%, sales have already improved from a 4.4% contraction in the year to April, to a y-o-y decline of just 1.4% by September. BMI envisages 10.4% growth in car sales between 2005 and 2010, on the back of

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