6 July 2009 | Source: just-auto.com editorial team
According to data released by JD
Power Automotive Forecasting, car sales in
result reflects the continued impact of incentives, especially in
Scrappage incentive schemes, combined with significant discounts from vehicle manufacturers, are producing a total Western European car market which could be on a par with or close to that of 2008.
JD Power said that the incentives have had the effect of stabilising the market and preventing what would otherwise have become a collapse.
However, the firm cautioned that the post-incentive environment is likely to present a major challenge to the industry in 2010.
market in this respect, it said, is
incentive schemes in
JD Power warned that a negative German market correction from this year's expected near 4m unit market could send 2010's German car market as low as 2.6m units.
JD Power forecasts a West European car market of 13.33m units in 2009, which compares with 13.56m units in 2008 and 14.8m in 2007.
Article tags: JD Power