Philippines Autos Report - Business Monitor International - Industry Reports

Philippines Autos Report

Philippines Autos Report - Business Monitor International - Industry Reports
Philippines Autos Report
Published Sep 24, 2016
33 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

Our bullish outlook for the passenger car segment is informed by our expectation that robust private consumption in the Filipino economy will translate into strong car sales in ---- as the economy continues to record strong levels of growth. The Philippine economy posted robust real GDP growth of -.- y-o-y in Q---, the highest expansion since Q---, and as a result of this strong economic performance our Country Risk team has upgraded its full year ---- real GDP forecast to -.- , from -.- previously. ...Our bullish outlook for the passenger car segment is informed by our expectation that robust private consumption in the Filipino economy will translate into strong car sales in ---- as the economy continues to record strong levels of growth. The Philippine economy posted robust real GDP growth of -.- y-o-y in Q---, the highest expansion since Q---, and as a result of this strong economic performance our Country Risk team has upgraded its full year ---- real GDP forecast to -.- , from -.- previously. As employment prospects and real wages improve as the economy continues to expand, we believe that consumer spending on new car purchases will continue to rise in the years ahead. Furthermore, private consumption remained robust in Q---, posting growth of -.- y-o-y and our Country Risk team forecast private consumption growth of -.- in ----, supported by continued strong remittances, weak inflationary pressures and cheap access to credit. These factors combined will help bolster consumer spending power, translating into growth in the passenger car market.

...The strong growth momentum in the autos market observed over the past three years continued in ----, with growth of --.- in vehicle sales. In ----, we expect this trend to continue, driven by robust domestic demand in the economy which will translate into growing demand for both passenger cars and commercial vehicles (CVs). ...Given these factors, we forecast that passenger vehicle sales will expand --.- and CV sales will grow --.- in ----. As the economy continues to expand, we hold a positive outlook for the Philippines auto industry over our forecast period of --------- and forecast average annual growth of --.- over the next five years. We therefore forecast growth of --.- in vehicle sales in ----, reaching ---,--- units sold by year end. ...As the economy continues to expand, we hold a positive outlook for the Philippines auto industry over our forecast period of --------- and forecast average annual growth of --.- over the next five years.

...All information contained in this publication is copyrighted in the name of Business Monitor International Ltd, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. ...

...

  
Source:
Document ID
1749-0081
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Philippines Autos Report" Sep 24, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Autos-Report-2026-2641>
  
APA:
Business Monitor International - Industry Reports. (2016). Philippines Autos Report Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Autos-Report-2026-2641>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.