Dynamic car market predicted if Bosnia joins EU

September 22, 2016

An application for Bosnia and Herzegovina to formally join the EU has been accepted, which could lead to future growth in its new car market and growing demand for younger used cars. EU member states said the future of the Western Balkans ‘lies in the European Union’ and urged the country to press ahead with social and economic reforms during an approval process for membership that can take several years and involve thousands of checks. Nearly 4,500 new cars were sold in Bosnia Herzegovina in H1 2016, a rise of 22%. New EU members, such as Poland, historically saw increased wealth after joining which led to increased new car demand and also changes in the used car market as buyers exchanged older cars for younger used models, which increased values.

Also in News & Insights

UPDATE: News & Insights have moved to the Autovista Group website

March 31, 2017

Our regular automotive industry News & Insights are no longer being published on the Autovista Group Market Reports website.

Instead, you can now find the latest updates at our central Autovista Group website, home to our pan-European brands including Autovista, Eurotax, Glass's and Schwacke.

To stay up to date with rapidly changing market trends, we recommend signing up to our free Autovista Group Daily Brief which delivers our daily news stories directly to your inbox.

You can still find our in depth market reports here on the Autovista Group Market Reports site. Keep checking back as we have an exciting new report due to be launched shortly!

PSA to boost UK presence in the event of a ‘hard Brexit'

March 08, 2017

UK sales flat despite upcoming road tax hike, diesel demand plummets

March 08, 2017

UK new car registrations fell annually by 0.3% in February to 83,115 units according to the SMMT, driven down by weaker demand from individuals and companies. More noticeable, however, was the 9.2% drop in demand for diesels compared to February 2016, a steeper drop than the decline in Germany...