Italy Autos Report - Business Monitor International - Industry Reports

Italy Autos Report

Italy Autos Report - Business Monitor International - Industry Reports
Italy Autos Report
Published Aug 27, 2016
41 pages — Published Aug 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

A historically fast increase in consumer borrowing, not seen since ----, is also partly fuelling this recovery. While specific data on total outstanding auto loans remains unavailable, data on total consumer loans to households, including auto loans and loans for other large purchases, credit card loans and other personal loans, posted average y-o-y growth of --.- in the first six months of the year. ...A historically fast increase in consumer borrowing, not seen since ----, is also partly fuelling this recovery. While specific data on total outstanding auto loans remains unavailable, data on total consumer loans to households, including auto loans and loans for other large purchases, credit card loans and other personal loans, posted average y-o-y growth of --.- in the first six months of the year. In the years leading up to ---- growth in consumer credit has not correlated with growth in passenger car sales, which suggested that auto finance had become less important for boosting passenger car sales. However, a correlation has emerged over the last -- months suggesting that consumer credit growth has been fuelled by rising auto loans (see chart below). This is particularly clear in the month of June when passenger car sales growth dropped sharply to -- with consumer credit following suit and falling to --.- .

...A collapse in Italy s banking system, which our Country Risk team has flagged as a major risk, represents the biggest danger to passenger car sales through its negative impact on lending for auto loans. Pent-up demand and the need to replace the country s ageing fleet will encourage new car sales. ...Pent-up demand and the need to replace the country s ageing fleet will encourage new car sales. Commercial vehicles will perform strongly due to a higher business confidence and rising capital expenditure with heavy trucks outperforming the segment due to an uptick in heavy construction activity. Vehicle production will continue expansionist faster paced expansion as Fiat Chrysler Automobiles increases the output of its Alfa Romeo brand in time for new releases. ...Vehicle production will continue expansionist faster paced expansion as Fiat Chrysler Automobiles increases the output of its Alfa Romeo brand in time for new releases. Bus production at Italy s last remaining bus manufacturer is no longer on track for terminal decline but challenges will still stall a meaningful recovery until ----.

...We believe that Italy s vehicle sales will continue recovering over ---- but slow in and ---- and remain moderate through to the end of our five year forecast period in ----. We forecast sales to expand --.- in ----, -.- in ---- and average -.- over the --------- period. ...

  
Source:
Document ID
1748-9989
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. "Italy Autos Report" Aug 27, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Italy-Autos-Report-2026-159>
  
APA:
Business Monitor International - Industry Reports. (2016). Italy Autos Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Italy-Autos-Report-2026-159>
  
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