Croatia Autos Report 2016 - Business Monitor International - Industry Reports

Croatia Autos Report 2016

Croatia Autos Report 2016 - Business Monitor International - Industry Reports
Croatia Autos Report 2016
Published Jan 02, 2016
30 pages — Published Jan 02, 2016
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Abstract:

...The recovery will be externally driven, with the economy benefiting from rising exports and a boost in inbound tourism flows. This increase in economic activity is likely to boost demand from small and medium-sized businesses for fleet renewal, which is why we believe that the outlook for commercial vehicle sales is somewhat brighter than that for passenger cars over the near term. With regard to passenger car sales, there is reason to suppose that demand for rental cars from inbound tourism will represent one source of support, with the country s low interest rate environment also acting as an incentive to those Croatians dependent on financing to make a new vehicle purchase. Inflation remains low in the country, suggesting low interest rates will endure into ----. ...Beyond the current year, BMI believes there is scope for a continued steady recovery in new vehicle sales. However, even after this growth, the market will remain somewhat smaller than it was when it hit all-time market highs of --,--- units back in ----.

...Commercial vehicle sales have been outperforming passenger cars against a recovering macroeconomic backdrop, with Croatia now moving out of recession. A spate of new model launches from leading carmakers has provided clear impetus to the passenger car market across ----. ...Electric vehicle (EV) production is another area drawing the attention of a few specialist automakers within Croatia, led by DOK-ING and Rimac Automobili. Passenger Car and Light Commercial Vehicle Sales (---------) Passenger car sales, units Light commercial vehicle sales, units ----e ----e ----f ----f ----f ----f ----f - --,--- --,--- --,--- ---,--- e/f = BMI estimate/forecast. We expect Volkswagen to remain the dominant player in Croatia s new vehicle sales market over ----. ...Passenger Car and Light Commercial Vehicle Sales (---------) Passenger car sales, units Light commercial vehicle sales, units ----e ----e ----f ----f ----f ----f ----f - --,--- --,--- --,--- ---,--- e/f = BMI estimate/forecast.

...Crobus - a subsidiary of local automotive giant AutoZubak - manufactures buses using a Scania drivetrain at a new HRK---mn bus factory on the outskirts of Zagreb, which was formally opened in July ----. In ----, Crobus signed a ---year HRK-.-bn agreement to supply buses to Iraq. ...In November ----, Tyrepress reported that Swiss firm Starco GS, a subsidiary of Danish company Starco, had shifted its wheel production operations from Subingen, Switzerland to Beli Manastir in Croatia. According to Starco, the decision will allow the GS range of products to reach a wider market and be accessible to its customer base, which is primarily located within the EU. Looking forward, electric vehicle (EV) production is another area drawing the attention of a few specialist automakers within Croatia. Zagreb-based manufacturer DOK-ING has been developing Croatia s first ...

  
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Document ID
1748-9857
Country
Industry
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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. "Croatia Autos Report 2016" Jan 02, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Autos-Report-2016-2026-2971>
  
APA:
Business Monitor International - Industry Reports. (2016). Croatia Autos Report 2016 Jan 02, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Autos-Report-2016-2026-2971>
  
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