Growth Forecast For Greek Market

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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