2012-08-31 03:48:32 -
New Transportation market report from Business Monitor International: "United Kingdom Autos Report Q3 2012"
The autos industry in the UK is heading for an all-round transformation, thanks to increasing investment commitments from international carmakers and suppliers as well as the supportive attitude of the British government. In May 2012, General Motors Europe's (GM) Opel/Vauxhall unit announced that Ellesmere Port would be the lead plant of only two in Europe building the next generation Astra. This was followed by BMW's June 2012's announcement of plans to build the hi-technology engines for its i8 hybrid sports car at its plant in Birmingham.
Full Report Details at
- www.fastmr.com/prod/451265_united_kingdom_autos_report_q3_2012.a ..
Further evidence of its improved competitiveness and advancement in high-end technology in the autos manufacturing sector came to light when the industry posted its first quarterly trade surplus since
1976 in Q112, on the back of rising foreign demand for UK-made cars. Strong growth in exports to the US, China and Russia helped the value of autos exports reach GBP6.1bn (US$7.7bn) in Q112, GBP561mn (US$713mn) ahead of the value of imports. All of this prompts BMI to forecast a 13% growth in vehicle production in the UK between 2012 and 2016.
Things, however, look less optimistic from the point of view of domestic sales. BMI expects sales recovery of passenger cars as well as commercial vehicles to be impeded by increases in fuel duty, road tax and company car tax, as revealed by Chancellor George Osborne in his budget. More downside will come from the hike in prices of new cars above the rate of inflation. We accordingly forecast a marginal 0.8% year-onyear (y-o-y) growth in new vehicle sales during 2012. Although the industry will embark on growth averaging 3.1% y-o-y between 2013 and 2016, sales will only reach 2.56mn units by end of forecast period - falling short of the nearly 2.8mn units sold in 2007.
Despite the dominance of Ford, Vauxhall and other established brands, new players continue to get attracted towards the market, mostly boosted by UK's comparatively stronger demand and the size of its autos market. In May 2012, Romanian carmaker Dacia's import centre received its first batch of 22 left-hand Duster SUVs, as the brand prepares to launch in the UK, Fleet News reports. Meanwhile, established players such as Mercedes-Benz are looking to launch a 'production revolution' in the UK over the next few years, aimed at reducing CO2 emissions.
In order to aid and benefit from the growth potential, autos suppliers are being urged by the UK government to establish new production facilities in the country. In May 2012, the government was reportedly in discussions with several suppliers, including Bosch, Siemens, Continental and ZF Friedrichshafen for increasing the use of local parts in cars manufactured in the UK. The discussions are being supported by Jaguar Land Rover, Vauxhall, Nissan Motor, Honda Motor and Toyota Motor as they aim to reduce production costs through increase in parts localisation.
Report Table of Contents:
SWOT Analysis
- UK Autos Industry SWOT
- UK Political SWOT
- UK Economic SWOT
- UK Business Environment SWOT
Global Overview
- Global Autos Update: End Of First Quarter Brings Both Positive And Negative Revisions As Key Trends
- Table: Passenger Car Sales (Units), Jan-March 2012
Regional Overview
- Audi's Ducati Purchase: Rivalry Wins Over Strategy
Industry Risk/Reward Ratings
- Poor Show From Western Europe Hurts Region's Score In BMI Ratings
- Table: BMI Industry Risk/Reward Ratings For Autos In Europe
Macroeconomic Forecast
- Table: United Kingdom - Economic Activity, 2011-2016
Industry Forecast Scenario
- Domestic Sales
- Table: UK Autos Sector - Sales
- Production
- Table: UK Autos Sector - Production
- Trade
- Table: UK Autos Sector - Trade
- Economic Contribution
- Table: UK Auto Sector - Economic Contribution
- Market Overview
- Hydrogen Car Project: More Of A Road Map For The Future
- Table: Government Support For Fuel Cell Vehicles
Passenger Cars - Forecast & Analysis
- Table: United Kingdom Autos - Passenger Car Segment
- Key Players
- Table: UK - Top 10 Players In New Passenger Cars Segment, 2010/2011
- Table: Passenger Car Sales
- New Investment
Commercial Vehicles - Forecast & Analysis
- Table: United Kingdom Autos - Commercial Vehicle Segment
- Segment Trends
- Key Players
- Table: UK - Top 10 Players, Light Commercial Vehicle Sales, 2010/2011
- Table: UK - Medium Commercial Vehicle Sales, 2010/2011
- Table: UK - Top 10 Players, Heavy Commercial Vehicle Sales, 2010/2011
- Buses And Coaches
- Table: UK - Buses and Coaches Sales, 2010/2011
Motorcycles - Forecast & Analysis
- Table: United Kingdom Autos - Motorcycle Segment
Suppliers Analysis
Company Profiles
- Ford Motor
- Vauxhall Motors
Demographic Outlook
- Table: The United Kingdom's Population By Age Group, 1990-2020 ('000)
- Table: The United Kingdom's Population By Age Group, 1990-2020 (% of total)
- Table: The United Kingdom's Key Population Ratios, 1990-2020
- Table: The United Kingdom's Rural And Urban Population, 1990-2020
BMI Methodology
- How We Generate Our Forecasting Model
- Sources
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