Research and Markets: Serbia Autos Report Q1 2012 - Italian Carmaker Fiat's Investment in Serbia is Stimulating Further Investments in the Autos Industry

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/e99c7d/serbia_autos_repor) has announced the addition of the "Serbia Autos Report Q1 2012" report to their offering.

BMI has significantly revised down its 2011 Serbian vehicle sales growth forecast to a 12% year-on-year (y-o-y) contraction on the back of the latest industry figures, which suggest that new vehicle demand remains sluggish, and our expectations of a slowdown in economic growth. During the remainder of the forecast period to 2016, the author expects vehicle demand to grow by a modest 7.8% y-o-y on average as an ageing population, limited credit availability and reduced public spending will keep internal demand subdued. Another major deterrent to new vehicle sales in Serbia will be the dominance of used cars over new vehicles. Italian carmaker Fiat's investment in Serbia is stimulating further investments in the autos industry, particularly in the suppliers' segment. In October 2011, Monaco-based automotive supplier Mcaplast started construction on a new plant for the production of plastic vehicle parts in Belgrade, while Germany's IG Bauerhin GmbH kick-started operations at its extended facility in Indjija. Similarly, German automotive component supplier Norma Group commenced operations at a new production facility in Subotica during October 2011 after a EUR11.7mn (US$16.1mn) investment.

Companies Mentioned:

Pirelli Zastava Automobile

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