Lithuania Autos Report 2015 - Business Monitor International - Industry Reports

Lithuania Autos Report 2015

Lithuania Autos Report 2015 - Business Monitor International - Industry Reports
Lithuania Autos Report 2015
Published Nov 22, 2014
48 pages — Published Nov 22, 2014
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

New passenger car sales in Lithuania rose --.- year-on-year (y-o-y) in ----, to --,--- units, according to the state registration agency Regitra. New commercial vehicle sales also grew by --.- y-o-y, to -,--- units, according to figures released by the European Automobile Manufacturers Association (ACEA). ...Beyond ----, BMI is more optimistic on the longer term outlook for the Lithuanian new vehicle sales market, forecasting expansion of --.- in total vehicle sales between end----- and end-----, to reach --,--- units. This is based on our view that a more pronounced recovery in demand from developed markets and improved fiscal dynamics should pave the way for a stronger growth trajectory and, by extension, higher new car sales for the country. Commercial vehicle sales will grow at a faster rate than that for passenger cars over the forecast period. ...In second place is Japanese automaker Nissan Motor, which sold -,--- units, followed by French carmaker Peugeot, which sold -,--- units. Other key players on the Lithuanian new vehicle market include Skoda and Toyota Motor in the passenger car segment and Fiat in the commercial vehicle segment.

...Strengths Good sales performance in ---- across passenger cars and commercial vehicles. Competitive edge due to low wages and skilled engineers. ...Electric vehicle production could be a potential growth area. Threats Any default by Greece in ---- could throw all of Europe s economies into reverse, with a negative impact on new car sales across the region. Attempts to bring Lithuania s autos market in line with its more established EU partners could result in significant price increases. ...Threats Any default by Greece in ---- could throw all of Europe s economies into reverse, with a negative impact on new car sales across the region. Attempts to bring Lithuania s autos market in line with its more established EU partners could result in significant price increases.

...Strengths The major political parties are broadly in favour of small budget deficits, EU integration and eurozone accession, implying a fair degree of policy stability. Weaknesses Democracy is entrenched, but the standard of governance needs to be raised and the quality and political independence of state institutions strengthened. ...

  
Source:
Document ID
1749-0022
Country
Industry
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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. "Lithuania Autos Report 2015" Nov 22, 2014. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Lithuania-Autos-Report-2015-2026-1063>
  
APA:
Business Monitor International - Industry Reports. (2014). Lithuania Autos Report 2015 Nov 22, 2014. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Lithuania-Autos-Report-2015-2026-1063>
  
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