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July 21, 2015

China Became the World's Largest Automotive Market in 2009... But Growth is Slowing

Emi_china-v1.0

Light vehicle sales enjoyed double-digit growth between 2001 and 2010 – except in 2008 – and still continue to climb. However, growth was at its lowest level this century in 2014 and China’s trend rate of growth is forecast to slow gradually to around 3% by 2030.

July 15, 2015

US Light Vehicle Sales Back to Pre-Crisis Levels

Emi_usa-v1.0

In line with economic growth, looser finance, rising employment, robust consumer and business confidence and of course low oil prices, Euromonitor has consistently been expecting 16.9 million light vehicle sales in 2015; above the industry consensus of 16.6-16.7 million earlier in the year. Fundamentally, demand is now back to pre-crisis levels and sales data just released for June means that demand in 2015 is actually likely to exceed 17 million units for the first time since 2002.

July 8, 2015

Passport Automotive

Passport Automotive is the leading online database for strategic, corporate, product and marketing planning. It delivers unique research and analysis of the automotive industry using unrivaled coverage of the economy, demographic trends and income and expenditure patterns in 32 countries worldwide. It offers intuitive navigation to millions of statistics and reports, helping you make clear, confident decisions. Request a demo of Passport Automotive to learn more.

July 6, 2015

Global Light Vehicle Sales Forecast to Exceed 100 Million Units in 2019

Driving

Neil-King View Neil King's profile on LinkedIn

 

We are excited to release new data on the global automotive industry that shows light vehicle sales grew 3.9 percent in 2014 to reach 85 million units and are forecast to exceed 100 million by 2019.

“Asia and the Middle East and Africa represent significant growth potential for small cars as rising incomes allow an ever increasing number of consumers to transition from a motorbike to owning a car for the first time,” said Neil King, automotive analyst at Euromonitor International. “Small cars are forecast to grow 3 percent compound annual growth rate (CAGR) between 2014 and 2030 but this is secondary to the projected CAGR of 4.7 percent for SUVs.”

Continue reading "Global Light Vehicle Sales Forecast to Exceed 100 Million Units in 2019" »

July 1, 2015

Overview of Russian New Car Market Part 1: Insights and Forecasts for Russian Car Industry

Justinas_LiuimaAnalyst Insight by Justinas Liuima - Senior Industry Analyst

Russia was predicted to be Europe’s largest new car market in 2020, although adverse economic conditions sent new cars sales plummeting 15% in 2014. This had a negative impact on carmakers, which experienced shrinking profit margins, but still remain committed to staying in the Russian market. Even though new car sales are expected to stabilise in 2016, the car industry will experience a turbulent future as fundamental problems still remain in the Russian automotive industry.

Promising market no more

Russia is the largest new car market in Eastern Europe, accounting for 66% of Eastern European new car sales in 2014. Due to rapid expansion over the past five years, Russia was predicted to overtake Germany as Europe’s largest new car market in 2020.

However, as economic downturn and Western sanctions hit the country, such forecasts collapsed. Due to the adverse economic conditions, new car sales in Russia plummeted by 15% to 2.5 million units in 2014, the worst result since the 2009 crisis.

Continue reading "Overview of Russian New Car Market Part 1: Insights and Forecasts for Russian Car Industry" »

May 12, 2015

Brazil's Business Environment: Consumption in Economic Slowdown

250_brazilBusiness-v1.0On the surface, Brazil looks like an attractive market. It is the seventh largest global economy and has a population of 200 million, with high consumer expenditure and high demand for commodities.
But Brazilians are spending less, industrial confidence is deteriorating, and inflation is rising, meaning a future of slow growth and economic recovery.

Consumer goods companies operating in Brazil need to adapt their strategy to integrate the global market place. What are the reasons behind this slowdown and how can organisations work it to their advantage? 

Download our white paper today to learn:

› How Brazil’s rapid currency depreciation has affected its economy and consumers 

› Which consumer industries are slowing down and which have new opportunities

› Why the middle class is changing Brazil’s economic landscape

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May 3, 2015

India’s Car Market Returns to Growth; Potential to be the World’s Third Largest Market by 2030

Neil-KingAnalyst Insight by Neil King - Automotive Analyst

View Neil King's profile on LinkedIn

Back in October 2012, I highlighted why the Indian car market would ultimately ride out the perfect storm that was raging at the time and return to growth. As expected, car sales did decline in 2013, by 6.9%, but already returned to growth in 2014 and India ultimately has the potential to overtake Brazil, Germany and even Japan by 2030 - thus becoming the third largest car market in the world. The small car and SUV segments should be especially appealing for carmakers as far as portfolio planning is concerned but both a physical and psychological presence is needed to capture the hearts and minds of the wave of consumers beyond Delhi, Mumbai and Bangalore that rising incomes will enable to afford a new car.

Continue reading "India’s Car Market Returns to Growth; Potential to be the World’s Third Largest Market by 2030" »

April 24, 2015

What's Next for the Russian Automotive Market after the Opel Exit?

Car sales in Russia were down 36% in the first quarter of 2015 after the end of purchase incentives in December, bit the Russian government has now pledged 10 billion Rubles to support the industry, so we expect to see some recovery in the market. Foreign manufacturers may take advantage of this situation as an opportunity to gain traction in this volatile market. Watch the video for complete insights.

Continue reading "What's Next for the Russian Automotive Market after the Opel Exit?" »

March 28, 2015

Saudi Arabia: Migrant Workers and Mid-Income Group Drive Record Sales of Cheap Cars

Arunas-UmbrasasAnalyst Insight by Arunas Umbrasas - Industrial Analyst

View Arunas Umbrasas's profile on LinkedIn

Saudi Arabia’s booming automobile market powered through the global sales slump over 2009-2013 and is set to register roaring growth over 2013-2019. Surprisingly, sales expansion is being fuelled not by sales of bespoke Rolls-Royces but by low-cost vehicles, which are increasingly popular among mid-income Saudis and foreign workers. Dynamic growth has already attracted major brands from China such as Geely, which capitalised on robust growth to expand market share by catering to low-cost vehicle buyers. As leading competitors continue to launch new models and more foreign workers arrive in the Kingdom, car sales will only grow further during the forecast period.

Continue reading "Saudi Arabia: Migrant Workers and Mid-Income Group Drive Record Sales of Cheap Cars" »

March 24, 2015

Digital Trends: March 2015 - Payments, Cars and Music

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Alternative revenue channels are becoming increasingly saturated as technology companies compete in additional digital segments, created as technology saturates consumers day-to-day lives.  This podcast examines this theme, focusing on the payments, automotive and music entertainment industries. Listen for complete insights.

Pavel_MarceuxPodcast features Pavel Marceux - Technology, Media and Communications Specialist

View Pavel Marceux's profile on LinkedIn

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Recent Posts

China Became the World's Largest Automotive Market in 2009... But Growth is Slowing

US Light Vehicle Sales Back to Pre-Crisis Levels

Passport Automotive

Global Light Vehicle Sales Forecast to Exceed 100 Million Units in 2019

Overview of Russian New Car Market Part 1: Insights and Forecasts for Russian Car Industry

Brazil's Business Environment: Consumption in Economic Slowdown

India’s Car Market Returns to Growth; Potential to be the World’s Third Largest Market by 2030

What's Next for the Russian Automotive Market after the Opel Exit?

Saudi Arabia: Migrant Workers and Mid-Income Group Drive Record Sales of Cheap Cars

Digital Trends: March 2015 - Payments, Cars and Music