(MENAFNEditorial)
Passenger car sales in the Czech Republic in 11M14 came in at 175626 units an increase of 16.9% year-on-year (y-o-y). Export-led manufacturing growth has been strong throughout the year which has increased private consumption and the number of car purchases. BMI predicts a slowdown in sales growth in 2015 due to weaker emerging market demand and a weak eurozone recovery slowing export growth. We expect total passenger sales to come in at 189940 units in 2014 an increase of 12% y-o-y.
According to the Czech Automotive Association total auto exports climbed 8.2% y-o-y in 10M14. 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 2014 and into H1 2015 on the back of slowing growth in emerging markets especially China and Russia and 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 H115. For 2015 we expect overall auto sales to grow by 4.0% y-o-y.
Full Report Details at
- http://www.fastmr.com/prod/951091_czech_republic_autos_report_q1_2015.aspx?afid=101
Total car production came in at 105mn units in 10M14 an 11.8% y-o-y increase. Our total vehicle production forecast for 2014 has been revised downward to growth of 10.9% from 14.9% previously. This is largely owing to a downward revision in our light vehicle production outlook to growth of 10.9%% as our heavy truck production forecast has been revised upward to just 5.0% 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 Europe's regional recovery is already showing signs of losing steam especially in major markets such as Germany and France.
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.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the autos sector and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series and forecasts to end- 2019 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:Sales and production of motorcycles in units; total production of units; production by vehicle type (including cars commercial vehicles trucks and buses); total vehicle fleet size in units; sales by vehicle type including passenger cars and commercial vehicles; fleet size by vehicle type including passenger car commercial vehicles and motorcycles; total vehicle trade balance in units; vehicle trade balance by vehicle type including passenger car commercial vehicle and motorcycle; car ownership measured as car density per 1000 people.
BMI’s Autos Risk Reward index
BMI’s Risk Reward Indices provide investors (manufacturers suppliers and dealers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each indices explained.
BMI Economic Forecasts
BMI forecasts to end-2019 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.
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.
Sources
The Autos Reports draw on an extensive network of primary sources such as manufacturing associations statistical bureaus government transport ministries national chambers of commerce and industry national statistical offices government ministries and central banks and multinational companies.
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.
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