Serbia Autos Report - Business Monitor International - Industry Reports

Serbia Autos Report

Serbia Autos Report - Business Monitor International - Industry Reports
Serbia Autos Report
Published Sep 03, 2016
33 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

According to the latest information from Vrele Gume, -M-- new vehicle sales (passenger cars and light commercial vehicles) stood at --,--- units, up by --.- y-o-y. On current sales trends, this would indicate a full-year outcome of around --,--- sales for the passenger cars (PCs) and light commercial vehicles (LCVs) segments. We are consequently happy to maintain our forecasts this quarter, in terms of percentage growth. Looking forward, we retain a constructive view on the outlook for new vehicle sales within Serbia over the coming period, for reasons which we outline below: Firstly, local automakers continue to offer very attractive financing rates at the current time. Serbia also continues to offer a car scrappage scheme that provides incentives in order to get older vehicles off Serbian roads and thereby boosts new car sales. ...In July ----, the National Bank of Serbia again cut its benchmark policy rate by -- basis points (bps) to - , in line with our expectations. This should feed into lower car financing rates and help those Serbian consumers dependent on financing for a new vehicle purchase.

...Serbian demand for new vehicles has accelerated sharply across ---- year-to-date, boosted by attractive auto financing rates and a range of marketing promotions. Beyond the current year, we expect further sales growth (--.- ) as the economy gains strength. ...The country continues to develop a parts supply chain, with Chinese turbocharger manufacturer Mei TA Group having commenced construction on a EUR--mn car parts factory in Baric. The growth of the local vehicle production industry, relatively lower labour costs and the country s strong trade links with the EU mean that Serbia should continue to attract investment from parts suppliers over the coming years. Over the long term, electric vehicle production could be a potential area for development. ...The growth of the local vehicle production industry, relatively lower labour costs and the country s strong trade links with the EU mean that Serbia should continue to attract investment from parts suppliers over the coming years. Over the long term, electric vehicle production could be a potential area for development.

...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. ...

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Source:
Document ID
1754-3738
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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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Serbia Autos Report" Sep 03, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Serbia-Autos-Report-2026-162>
  
APA:
Business Monitor International - Industry Reports. (2016). Serbia Autos Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Serbia-Autos-Report-2026-162>
  
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