Denmark Autos Report - Business Monitor International - Industry Reports

Denmark Autos Report

Denmark Autos Report - Business Monitor International - Industry Reports
Denmark Autos Report
Published Aug 06, 2016
33 pages — Published Aug 06, 2016
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Abstract:

The end of ---- saw a rush by Danish consumers to purchase electric vehicles (EVs) before the reduction of tax breaks on buying EVs that starts to come into force in ----. In December ----, a total of -,--- EVs were sold in Denmark, with -,--- units (-- of total) being accounted for by the Tesla Model S. December sales figures accounted for one third of the total -,--- plug-in EVs sold in Denmark over the whole of ----. ...The end of ---- saw a rush by Danish consumers to purchase electric vehicles (EVs) before the reduction of tax breaks on buying EVs that starts to come into force in ----. In December ----, a total of -,--- EVs were sold in Denmark, with -,--- units (-- of total) being accounted for by the Tesla Model S. December sales figures accounted for one third of the total -,--- plug-in EVs sold in Denmark over the whole of ----. Tesla s Model S accounted for -,--- units of this total, giving it a dominant -- share of the Danish EV market. ...Revised versions of the City El and the Kewet El-Jet (now known as the Buddy) were then produced in Germany and Norway respectively. In May ---- car rental firm Avis Denmark ordered --- Nissan e-NV--- vans and -- Nissan LEAF electric cars from Nissan, in a move that would create the largest fleet of Nissan electric vehicles (EVs) in

...According to De Danske Bilimporter, there are a number of reasons behind the strong growth in new vehicle sales seen year-to-date. First, there remains significant pent-up demand from Danish consumers to replace older cars, which has been aided by recent tax cuts. ...We believe that the Danish central bank (Danmarks Nationalbank) will now maintain its benchmark certificates of deposit interest rate at --.-- through the end of ----. This continued ultra-low rate environment will therefore mean a continuation of attractive financing rates for new and used vehicle purchases, which will act as a support for PC sales over the full year. Moreover, we have long identified the trend also identified by De Danske Bilimporterer of Danish consumers looking to switch to newer, more fuel-efficient and environmentally friendly models. Given the strong start to ---- sales, this quarter we have revised up our new vehicle sales forecasts for Denmark, now targeting -.- expansion for the full year. We retain a slightly more cautious forecast than the H--- sales figures would indicate as we believe that there are now downside risks to the European economy (and, by extension, regional new car sales), posed by the June -- decision by the UK to leave the

...We continue to believe that the sales outlook is brighter for CVs than PCs, as businesses continue to advantage of ultra-low interest rates to invest in fleet renewal. Moreover, improving demand conditions in the eurozone could boost exporters, which should provide support for heavy commercial vehicles used in the Freight Transport sector. ...

  
Source:
Document ID
2055-429X
Country
Industry
Format:
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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. "Denmark Autos Report" Aug 06, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Denmark-Autos-Report-2026-1531>
  
APA:
Business Monitor International - Industry Reports. (2016). Denmark Autos Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Denmark-Autos-Report-2026-1531>
  
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