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Italy car sales back to pre-crisis level in 2014-study

Published 12/01/2010, 09:51 AM
Updated 12/01/2010, 09:56 AM

* 2010 car sales seen at 1.955 million, down 9.4 percent-think tank

* Nov car sale data due at 1700 GMT on Thursday

TURIN, Italy, Dec 1 (Reuters) - Italy's new car sales are unlikely to return to pre-crisis levels of 2.34 million units a year until 2014 with sales seen flat in 2011, the Promotor Study Centre (CSP) said on Wednesday.

In 2010, new car registrations are expected at 1.955 million, down 9.4 percent from 2009, the Bologna-based think tank said, adding they would have been lower without the impact of incentives earlier this year.

"According to the simulations of CSP, in the absence of new incentives and a significant acceleration in economic growth, the aim of filling the gap prompted by the crisis could be achieved in 2014," CSP director Gianprimo Quagliano said.

Market recovery will bring sales to 1.96 million in 2011 while they will rise to 2.1 million units in 2012 and reach 2.2 million in 2013 and 2.35 million in 2014, Quagliano said at a news conference ahead of the Bologna motor show.

On Wednesday at 1700 GMT, Italy's transport ministry is due to announce November new car registrations.

Fiat is Italy's largest auto producer with about 30 percent share of its home market. (Reporting by Gianni Montani; Writing by Nigel Tutt; Editing by Jon Loades-Carter)

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