2013-12-24 21:30:36 - New Transportation market report from Business Monitor International: "Poland Autos Report Q1 2014"
In 2013, BMI forecasts total vehicle sales in Poland to increase 6.2%, to some 350,468 units. This comes on the back of a forecasted 6% increase in passenger car sales and 7.4% increase in the commercial vehicle (CV) segment.
Despite a large decline earlier in the year, the Polish passenger car market has seen a resurgence in recent months on the back of improvements in the consumer story combined with pent-up demand and low base effects. The country's labour market is starting to show modest signs of improvement, with real wages increasing in recent months. Inflation growth has tempered recently. Further, economic data suggests that retail sales have seen an uptick recently. These dynamics have served to buoy consumer sentiment, and
this has filtered through to passenger car sales.
Full Report Details at
On the back of increasingly bullish manufacturing sentiment in the country and low base effects from 2012, BMI forecasts expects to see a rebound in Poland's CV market. Recent economic data suggest that the country's manufacturing and industrial sectors are resurging on the back of export-led growth to Europe. Further, construction activity has picked-up in recent months. These dynamics have helped buoy wider economic activity in Poland, and we believe they have been the primary driver of the uptick in CV sales over the year to date. We expect this sentiment to continue over the remainder of 2013 and into 2014, which should further boost the CV segment.
Vehicle production has declined sharply in Poland over the year; passenger output is the main driver in volumes terms, and it is mostly export-orientated. Sales across Europe, the country's main trading partner, have been generally weak and sales volumes remain low. Having said that, however, the regional passenger car market has shown some signs of resurgence in recent months, and this has helped moderate declines in Poland vehicle output. CV production is primarily for the domestic market, and this has remained fairly strong throughout the year. For 2013, we forecast 1 4.5% decline in vehicle production. This comes from a forecasted 10% decline in passenger car manufacturing, while we expect CV output to increase 21.8% over the year.
Report Table of Contents:
BMI Industry View
- Business Environment
- Table: Auto Sales, 2010-2017
- Table: Auto Production, 2010-2017
- Table: Auto Trade, 2010-2017
- Passenger Vehicles
- Table: Passenger Cars, 2010-2017
- Table: Poland Passenger Car Sales By Brand
- Commercial Vehicles
- Table: Auto Sales, 2010-2017
- Key Players
- Table: Poland LCV Sales By Brand
- Table: Poland Heavy Truck Sales By Brand
- Table: Motorcycles, 2010-2017
- Real GDP By Expenditure Breakdown
- Risks To Outlook
- Table: Poland - GDP by Expenditure, 2010-2018
Industry Risk Reward Ratings
- Table: Europe Risk/ Rewards Ratings
- Company Monitor
- Table: Opel's Production Sites
- Industry Forecast
Global Industry Overview
- Table: Poland's Population By Age Group, 1990-2020 ('000)
- Table: Poland's Population By Age Group, 1990-2020 (% of total)
- Table: Poland's Key Population Ratios, 1990-2020
- Table: Poland's Rural And Urban Population, 1990-2020
- Industry Forecasts
- Sector-Specific Methodology
- Risk/Reward Ratings Methodology
- Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators
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