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New Report Available: Lithuania Autos Report 2014

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2014-01-03 13:58:39 - New Transportation market report from Business Monitor International: "Lithuania Autos Report 2014"

New passenger car sales in Lithuania declined 3.8% in 2012, to 11,829 units, according to figures released by the state registration agency Regitra. New commercial vehicle (CV) sales also contracted in 2012 by 4.0%, to 4,504 units, according to figures released by the European Automobile Manufacturers Association (ACEA).

This gave a total new vehicle sales figure of 16,333 units for 2012, a decrease of 3.8%, a sharp reversal to the 63.9% growth observed in 2011.

Passenger car sales remained dismal in 2013. Sales for the first 11 months of 2013 came in at 10,884 units, a decrease of 1.0% y-o-y. BMI forecasts 2013 passenger car sales to remain marginally unchanged from the previous year, at around 11,800 units.

However, CV sales have performed

well in 2013. According to the ACEA, Lithuanian CV sales rose 12.4% y-o-y for 10M13, to 4,252 units. We remain bullish on CV sales and forecast 9.1% growth in 2013, to 4,915 units. This would then bring our full-year sales growth forecast to 2.4%, to 16,732 units.

Full Report Details at

Beyond 2013, BMI is optimistic on the longer term outlook for the Lithuanian new vehicle sales market, forecasting expansion of 25.4% in total vehicle sales from 2014 to 2017, to reach 23,095 units, by 2017. BMI's Country Risk team has upgraded its GDP forecast for the Lithuanian economy for 2014 to 3.6%. While it anticipates a slight drop in household spending (which will continue to weigh on the passenger car segment), the general positive economic sentiment which has prevailed in 2013 is going to spill over into 2014. A more pronounced recovery in demand from developed markets and improved fiscal dynamics should pave the way for a stronger growth trajectory and, by extension, higher new auto sales, for the country.

Report Table of Contents:

BMI Industry View
- Political
- Economic
- Business Environment
Industry Forecast
- Table: Lithuania Auto Sales, 2010-2017
- Passenger Cars
- Table: Lithuania - Top 10 Best-Selling Carmakers For November 2013
- Commercial Vehicles
- Table: Lithuania - Commercial Vehicle Sales 2011-2013
- Table: Heavy Truck Sales By Manufacturer (Units)
- Suppliers
Macroeconomic Forecasts
- Economic Activity
- Table: Lithuania - GDP By Expenditure
Industry Risk Reward Ratings
- Europe Risk/Reward Ratings
- Table: Europe Risk/Reward Ratings
Company Profile
- Company Monitor
- Table: Opel's Production Sites
- Inchcape
- Toyota Motor
Regional Overview
- Europe Regional Overview
Global Industry Overview
Demographic Forecast
- Table: Lithuania's Population By Age Group, 1990-2020 ('000)
- Table: Lithuania's Population By Age Group, 1990-2020 (% of total)
- Table: Lithuania's Key Population Ratios, 1990-2020
- Table: Lithuania's Rural And Urban Population, 1990-2020
- Industry Forecasts
- Sector-Specific Methodology
- Sources
- Risk/Reward Ratings Methodology
- Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

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