United Kingdom Autos Report - Business Monitor International - Industry Reports

United Kingdom Autos Report

United Kingdom Autos Report - Business Monitor International - Industry Reports
United Kingdom Autos Report
Published Aug 06, 2016
48 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Core Forecast Scenario - we project sales to decline -.- in ----, with sales volumes only just surpassing the -mn unit mark (-.--mn). In ---- sales will fall a further -.- followed by only a weak return to growth in ----. ...In ---- sales will fall a further -.- followed by only a weak return to growth in ----. The UK s decision to exit the EU will reduce demand through its negative impact on consumer and business confidence, the economic uncertainty it creates and the vehicle price inflation created by depreciation in the pound. Already, we had highlighted that the UK market was overheated so this watershed moment will be enough to derail sales growth. ...On the production side, we could see investments by manufacturers revised down or cut if uncertainty is heightened by stalled or failed negotiations trade and movement of labour. Furthermore, Brexit could exacerbate skilled labour shortages already being felt by the industry, limit R&D activities in the country and cut off smaller UK producers from industry standards negotiations.

...Prior to the UK s decision to exit the EU, the passenger car market had already become overheated with sales reaching record highs and an overreliance on purchases made on credit. The exit will now bring these problems to a head in ---- and ----. ...The exit will now bring these problems to a head in ---- and ----. Vehicle production forecast remains unchanged after Brexit as producers continue to gain from export growth to recovering EU region over the next two years and as large capacity increases at Nissan and Honda Motor provide a lot of the support to growth. Despite our decision to maintain our current production forecast, from ---- onwards risks to the production outlook are heavily weighted to the downside as trade rules governing the costs of exporting to the EU are renegotiated and imposed. ...Vehicle production forecast remains unchanged after Brexit as producers continue to gain from export growth to recovering EU region over the next two years and as large capacity increases at Nissan and Honda Motor provide a lot of the support to growth. Despite our decision to maintain our current production forecast, from ---- onwards risks to the production outlook are heavily weighted to the downside as trade rules governing the costs of exporting to the EU are renegotiated and imposed.

...BMI View: The UK s decision to exit the EU will lead to a fall in passenger car demand in ---- and ---- through its negative impact on consumer and business confidence by raising economic uncertainty and through vehicle price inflation created by the resulting depreciation in the pound. Passenger Car and Light Commercial Vehicle Sales (---------) Passenger car sales, units Light commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - -,---,--- -,---,--- -,---,--- -,---,--- f = BMI forecast. ...

  
Source:
Document ID
1749-0251
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. "United Kingdom Autos Report" Aug 06, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Autos-Report-2026-2669>
  
APA:
Business Monitor International - Industry Reports. (2016). United Kingdom Autos Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Autos-Report-2026-2669>
  
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