Western Europe passenger car market– July 2009 update

Car market is set for an extended V-shaped recession.  Our baseline scenario of an 11.7% correction to 11.68m in 2010 is based on the assumption that the schemes in Italy and France will be extended into part of 2010, the German scheme will expire at year-end as planned, and that car manufacturers will continue to aggressively discount.

071609 CGI WE Auto Market Outlook – July 2009 update