(MENAFNEditorial)
Passenger car sales in the Czech Republic in 8M 2014 came in at 125695 units an increase of 14.8% year-on-year (y-o-y). Export-led manufacturing growth has been strong throughout the year increasing private consumption and the number of car purchases. BMI predicts a slowdown in sales growth in Q414 due to weaker emerging market demand and a weak eurozone recovery affecting exports. We expect total passenger sales to come in at 184504 units in 2014 an increase of 12% y-o-y.
According to the Czech Automotive Association total auto exports climbed 6.87% y-o-y in 8M14. An improvement in the sentiment towards big ticket purchases such as autos coupled with low base effects from declines in the same period of 2013 has driven the strong growth seen in the market over the year to date. Yet the export-led recovery is set to continue slowing down in Q4 on the back of slowing growth in emerging markets especially China and Russia as well as due to a weak recovery in the eurozone. BMI believes this will temper private consumption levels in the second half of the year and we expect to see a moderation in growth in autos sales in H214. For 2015 we expect overall auto sales to grow by 4.0% y-o-y.
Full Report Details at
- http://www.fastmr.com/prod/888034_czech_republic_autos_report_q4_2014.aspx?afid=101
Total car production came in at 820991 units in 8M14 an 11.2% y-o-y increase. Our total vehicle production forecast for 2014 has been revised upward considerably to growth of 14.9% from 8% previously. This is largely owing to an upward revision in our light vehicle production outlook to growth of 9.0% as our heavy truck production forecast has been revised down to just 1.0% growth. A recovery in the country's main export markets of Western Europe coupled with investment in new models has improved the sector's production prospects. However we remain more cautious for 2015 with total vehicle production growth of 6.9% forecast as the regional recovery is already showing signs of losing steam.
The Czech Republic Autos Report features the latest data and forecasts covering production sales imports and exports.
Business Monitor International (BMI)'s Czech Republic Autos Report provides industry professionals and strategists corporate analysts auto associations government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Czech Republic.
Key Benefits
* Benchmark BMI's independent automotives industry forecasts on Czech Republic to test other views - a key input for successful budgetary and planning in the Czech automotives market.
* Target business opportunities and risks in the Czech automotives sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Czech Republic.
* Assess the activities and market position of your competitors partners and clients via our Competitive Landscape Analysis.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts and views covering production sales and the introduction of new technology or products.
Global Regional and Country Industry Overviews
In-depth analysis of the major global and regional developments in the market which can be linked with the country industry overview providing cross-country investment product and financing trends that will affect each market supported by BMI’s global and regional industry forecasts.
Business Environment Rankings
BMI's proprietary Autos Business Environment Rankings are a unique country-comparative Risk-Reward Rankings index that separately analyses the risks and rewards of operating in each market. It is aimed at investors (including manufacturers suppliers and dealers) who seek to either identify and compare market opportunities or evaluate country-specific operational challenges.
The rankings methodology makes sophisticated use of over 40 industries economic and demographic data points.
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Total production value (US$bn); total production of units; production by vehicle-type (including cars commercial vehicles trucks and buses); total sales value (US$bn); sales by vehicle-type including passenger cars and commercial vehicles (vans and microbuses pickups trucks and buses 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.
BMI Economic Forecasts
BMI forecasts to end-2018 for all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Company Profiles
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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