Declining car market: Anfia revises its forecasts for 2024 (-4.3%) and asks for extraordinary support measures

Car incentives the wait for the publication of the decree

(Finance) – “In September Italian car market remains in double-digit decline (-10.7%)confirming the fall in registrations of the previous month (-13.4% in August)”, he states Roberto Vavassori, President of Anfia. The negative trend of the last two months leads us to have to revise the closing forecasts for 2024 downwards, dropping from an estimate of 1,624,000 units to 1,555,000 (approximately -0.8% compared to 2023).

“The trend market negative – he adds – it comes alongside an industrial situation that is becoming increasingly critical. We welcome the proposal of the Minister of Business and Made in Italy, Adolfo Urso, to bring forward the revision clauses of both the CO2 and targets to 2025 light vehicles and heavy vehicles and to adopt a European automotive plan, but the Italian supply chain also needs immediate interventions.

There is an urgent need to define extraordinary measures to support passive labor policies because ordinary tools are no longer sufficient for many companies in the supply chain, with the concrete risk of job losses. It is also necessary to start the process by the beginning of 2025 priority measures identified and shared by companies, unions and territories at the automotive table to reduce the competitiveness gaps of national production”.

(Photo: @pixel7propix on Unsplash)

tlb-finance