Asia Autos Report - Business Monitor International - Industry Reports

Asia Autos Report

Asia Autos Report - Business Monitor International - Industry Reports
Asia Autos Report
Published Oct 08, 2016
21 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The Asian autos market will be the second-best performing region globally according to our vehicle sales forecasts, which see total sales rising -.- in ----. Unlike leading region MENA, where Iran s growth is offsetting declines in several other markets (see MENA Autos: Iranian Boom Masks Regional Weakness , June --), growth in Asia is relatively well distributed. ...The Asian autos market will be the second-best performing region globally according to our vehicle sales forecasts, which see total sales rising -.- in ----. Unlike leading region MENA, where Iran s growth is offsetting declines in several other markets (see MENA Autos: Iranian Boom Masks Regional Weakness , June --), growth in Asia is relatively well distributed. It could, therefore, be considered a more stable option for growth. ...This is because the best performing markets in the region are being driven by a strong consumer growth story and this is translating into sales of passenger cars. The Philippines and Vietnam stand out as markets where the consumer is gaining momentum, while China s economic rebalancing toward private consumption will ensure that even though sales growth is below previous highs, the PC segment will be supported.

...We maintain our forecast for Asia to be the second fastest growth market in ---- behind MENA and although growth will be slightly higher in ---- at -.- compared with -.- in ----, it will be third fastest behind LatAm. Our view that emerging markets will outperform developed markets globally in ---- will be particularly notable in Asia, where the likes of Japan and South Korea will lag their emerging market peers. The Philippines and Vietnam continue to be the best performing markets in the region and are forecast to outperform the region to ----. The introduction of a national sales tax from April - ---- in India will be positive for an already healthy new vehicle market, as the single tax should be lower than the patchwork of existing tariffs, resulting in lower prices for consumers. China s sales continue to be driven by SUVs and new energy vehicles, which will see passenger vehicle sales growth average -.- over ---------. ...The introduction of a national sales tax from April - ---- in India will be positive for an already healthy new vehicle market, as the single tax should be lower than the patchwork of existing tariffs, resulting in lower prices for consumers. China s sales continue to be driven by SUVs and new energy vehicles, which will see passenger vehicle sales growth average -.- over ---------.

...Although total vehicle sales in the ASEAN region will grow just -.- according to our forecasts in ----, it is one of the best sub-regions for individual performances. The replacement cycle relating to the highly country-specific Certificate of Entitlement (COE) system makes Singapore the front runner, but Vietnam and the Philippines are other stand-out markets for their consumer strength. ...

  
Source:
Document ID
2398-0966
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Asia Autos Report" Oct 08, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Asia-Autos-Report-2026-1984>
  
APA:
Business Monitor International - Industry Reports. (2016). Asia Autos Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Asia-Autos-Report-2026-1984>
  
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