(MENAFNEditorial)
In 2015 we forecast a 1.4% drop in vehicle sales due to expected weakness in both the passenger car and commercial vehicle (CV) segments. In 2014 total vehicle sales increased 0.2% to 2212571 units due to modest growth in the passenger car and CV segments. However in line with our core view the sales uptick in the first half of the year subsided and the market entered contractionary territory in the latter months of the year as broader economic malaise weighed on autos sales.
Indeed we believe that recent growth seen in both the passenger car and light commercial vehicle (LCV) segments will not continue due to the continued stagnation of the French economy. Passenger car sales will be limited by weak household consumption made worse by increasing unemployment. Demand for commercial vehicles will be weighed down as business investment continues to decline; with heavy trucks experiencing the hardest falls owing to deteriorating sentiment in the construction and retail sector.
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- http://www.fastmr.com/prod/957413_france_autos_report_q2_2015.aspx?afid=101
Moreover autos production in France is increasingly unattractive due to high labour costs. BMI believes that significant job cuts will be necessary across the supply chain. The decline in France's industrial competitiveness is a fundamental issue facing President Francois Hollande.
The France Autos Report features the latest data and forecasts covering production sales imports and exports.
Business Monitor International (BMI)'s France 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 France.
Key Benefits
* Benchmark BMI's independent automotives industry forecasts on France to test other views - a key input for successful budgetary and planning in the French automotives market.
* Target business opportunities and risks in the French automotives sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in France.
* 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 Index provides 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. These 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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