Slovakia Autos Report - Business Monitor International - Industry Reports

Slovakia Autos Report

Slovakia Autos Report - Business Monitor International - Industry Reports
Slovakia Autos Report
Published Aug 27, 2016
29 pages — Published Aug 27, 2016
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Abstract:

The new JLR manufacturing plant will be one of the main drivers of production growth over the forecast period, which will see expanded growth in production levels in ----, with growth of -.- , once the manufacturing plant commences operations. The new USD-.-bn factory in the city of Nitra, will have an initial annual production capacity of ---,--- vehicles, with production expected to commence in ----. ...The location of the plant in Slovakia means that cars can enter the Mediterranean on the Adriatic Coast, which leads to a shorter journey time for car exports, of about two weeks, when compared to Poland. In addition, Slovakia s hosting of factories for other premium brands such as Audi and Porsche was a confidence booster for JLR, highlighting the fact that the country has the required skilled labour to manufacture its cars. The move will provide a significant benefit to the company by expanding its long-term room for growth, especially in the European market. Europe accounted for --.- of the company s total retail sales in ----, offsetting a --.- drop in sales in China where demand for its products was weak due to an economic slowdown. Without excess capacity in Europe, the company has already resorted to outsourcing the production of new models which the contract manufacturer, Magna Steyr, will conduct at its Graz factory in Austria from

...< ALACRA META ABSTRACT>BMI View: A strong consumer outlook underpinned by low interest rates, rising real wages and a strengthening labour market will drive an expansion of --.- in Slovakian vehicle sales in ----. Passenger Car And Light Commercial Vehicle Sales (---------) Slovakia - Passenger car sales, units Slovakia - Light commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - --,--- ---,--- ---,--- f = BMI forecast. ...< ALACRA META ABSTRACT>BMI View: A strong consumer outlook underpinned by low interest rates, rising real wages and a strengthening labour market will drive an expansion of --.- in Slovakian vehicle sales in ----. Passenger Car And Light Commercial Vehicle Sales (---------) Slovakia - Passenger car sales, units Slovakia - Light commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - --,--- ---,--- ---,--- f = BMI forecast. Source: ACEA, BMI Key Views Vehicle sales will grow --.- in ----. ...Growth in online retailing and the construction of energy and transport infrastructure projects will drive an expansion in commercial vehicle sales. � The ongoing recovery in the European auto market will bode well for Slovakia s passenger car production and export growth.

...We maintain a bullish outlook for Slovakia s passenger vehicle production with forecasted growth of -.- in passenger carproduction in ----. This growth will be supported by the contuining recovery in the EU passenger vehicle market, which grew by -.- in Q---, and this will lead to an increase in passenger vehicle exports from Slovakia as demand for new cars rises in the EU. ...

  
Source:
Document ID
1749-0154
Country
Industry
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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. "Slovakia Autos Report" Aug 27, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovakia-Autos-Report-2026-158>
  
APA:
Business Monitor International - Industry Reports. (2016). Slovakia Autos Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovakia-Autos-Report-2026-158>
  
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