Greece Autos Report - Business Monitor International - Industry Reports

Greece Autos Report

Greece Autos Report - Business Monitor International - Industry Reports
Greece Autos Report
Published Sep 10, 2016
33 pages — Published Sep 10, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The lack of construction industry growth will hinder commercial vehicle sales in ----. We forecast commercial vehicle sales to grow -.- in ---- and at an annual average of -.- over our --------- forecast period. ...Record high unemployment, fiscal austerity and weak credit growth will hinder the construction and manufacturing industries in ----. Although our Infrastructure team has revised up its forecast for construction industry value from a contraction of -.- in ---- to a forecast growth rate of -.- , as construction in ports and railways provide a bigger boost to growth than expected, this growth is not significant enough to drive commercial vehicle sales to new highs. GDP expenditure on fixed capital formation is forecast to contract by -.- over the same forecast period. ...Although there are plans to expand infrastructure, mainly by means of privatisation of public assets, the current political instability is resulting in consistent delays of projects as deals fall apart or are pushed back. These dynamics have hampered commercial vehicle sales growth in recent years, but we expect low base effects and pent-up demand from several years of sustained declines to keep commercial sales in positive territory albeit at very low volumes.

...Despite our forecast for a return to growth, we believe that a number of weak market fundamentals remain. Firstly, unemployment remains high, and retail sales remain constrained, indicating that the Greek consumer remains weak and we expect this to continue. ...Despite our forecast for a return to growth, we believe that a number of weak market fundamentals remain. Firstly, unemployment remains high, and retail sales remain constrained, indicating that the Greek consumer remains weak and we expect this to continue. Many more years of difficulties lie ahead for households, which will hamper total sales volumes over the next five years. ...Credit standards will remain tight as the ECB takes control of eurozone banking sector supervision. Our Country Risk team has forecast capital controls to remain in place into Q- of ---- and will begin a process of being phased out in H---.

...We forecast total vehicle sales to grow by -.- in ----, at an annual average of -.- over our --------- forecast period. Although this seems like a relatively large increase, it is primarily driven by pent-up demand in the market, following years of sustained declines as well as extremely low base effects. ...

  
Source:
Document ID
1748-9911
Country
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. "Greece Autos Report" Sep 10, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Greece-Autos-Report-2026-160>
  
APA:
Business Monitor International - Industry Reports. (2016). Greece Autos Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Greece-Autos-Report-2026-160>
  
US$ 1,295.00
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