It estimates that only 3.22 million cars will be sold in 2003.
"The markets will return to normal, mainly due to manufacturers' enormous product and innovation offensives," said B&D Forecast boss Ferdinand Dudenhoeffer.
The outlook for the world market is also positive. For 2004 B&D Forecast expects economic growth in the USA of 3.5 percent and a sales increase on the new car sector of 2.8 percent to 16.8 million units. For the whole of the western European Dudenhoeffer predicts a sales increase of 1.1 million units to reach nearly 15 million cars.