Today: October 9, 2015, 10:11 pm

Hong Kong Autos Market: New market analysis released
Hong Kong Autos Report Q1 2014 - a new market research report on 2014-04-02 21:21:01
According to the Hong Kong Department of Transport (HKDT), passenger car sales for the first 10 months of 2013 year rose 7.0% y-o-y, to 31,065 units. Due to the strong performance for the year thus far, we have upgraded our full-year sales growth forecast to 5.0% y-o-y, to 37,469 units, from 3.0% previously.
Total commercial vehicle (CV) sales for the first 10 months of 2013 came in at 4,888 units, up 40.1% y-o-y.
Sales figures for 10M13 have prompted us to upgrade our 2013 CV sales growth forecast to 30.2%, to 5,804 units, from 28.1% previously.
This will then bring our total vehicle sales growth forecast for 2013, to 7.8%, to 43,273 units.
The overwhelmingly dominant part of Hong Kong´s auto market will continue to be passenger vehicles. In 2012 passenger car sales totalled 35,685 units, which is just under 89% of all total vehicle sales in the city province. While CV sales contracted by 1.4% in 2012 to 4,456 units, we expect them to grow by 30.2% in 2013 to 5,804 units due to the new round of subsidies offered by the government to incentivise owners of old diesel CVs to replace them, in a bid to battle Hong Kong´s worsening air pollution. We forecast the CV segment to average growth of only 0.3% over the 2014-2017 period, to hit 5,867 units by 2017. This is because it is logical to expect the segment to contract in 2014 due to 2013 subsidies front-loading some of the demand in the market.
Click for report details: ..
Browse all Automotive and Parts Market Research Reports ..
Browse all Automotive and Parts Company Profile Reports ..
Browse all Latest Market Research Reports ..
About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 429 Words
Related Articles
More From Finance
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi .com Teaches Consumers How To Prevent [..]
Want to Halt Vehicle Repossession? Here’s How Sometimes things happen that end up leaving one in a financially strapped position. [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.