Ford Europe's vice-president in charge of sales, Ingvar Sviggum, expects Romania to revert to increases of as much as 25% on the car market in the next three years, as the crisis fallout fades out and lending picks up. "Eastern European markets and Russia are still very important. And Romania belongs to this group of markets. They will register higher increases than Western European markets. After declines cease, we'll again see increases of between 15% and 25%, as we've seen before. Sales will rebound, but now I cannot say if this is due to happen in one, two or three years," Ingvar Sviggum said. Starting 1st of August, the new National Sales Company will take over from Romcar, part of Tiriac Holdings, Ford import and distribution in Romania. Once production of the new small-class model starts, the US carmaker expects its share of the Romanian market to soar. In January, Ford's market share climbed to over 11%, the highest level the US carmaker has reached in recent years, from 3% in 2005.
Ford Europe's vice-president in charge of sales, Ingvar Sviggum, expects Romania to revert to increases of as much as 25% on the car market in the next three years, as the crisis fallout fades out and lending picks up. "Eastern European markets and Russia are still very important. And Romania belongs to this group of markets. They will register higher increases than Western European markets. After declines cease, we'll again see increases of between 15% and 25%, as we've seen before. Sales will rebound, but now I cannot say if this is due to happen in one, two or three years," Ingvar Sviggum said. Starting 1st of August, the new National Sales Company will take over from Romcar, part of Tiriac Holdings, Ford import and distribution in Romania. Once production of the new small-class model starts, the US carmaker expects its share of the Romanian market to soar. In January
