"Czech Republic Autos Report Q3 2014" Published

Passenger car sales in the Czech Republic increased 17.4% year-on-year (y-o-y) in the first four months of 2014, to 60,491 units. This is commensurate with our bullish view on export-led manufacturing growth filtering through to increases in private consumption levels and car purchases. However, we expect this export-led recovery to temper somewhat in the latter half of the year, and this is likely to weigh on passenger car sales. Accordingly, we forecast 10% growth in this segment in 2014, an upgrade from our previous forecast for 3% growth.

Škoda Auto registered a 15.5% y-o-y rise in deliveries to 89,600 cars globally in April, compared with 77,600 in the year-ago period. The automaker posted a 20.7% rise in deliveries across Europe, while its deliveries increased 7.6% and 3% in China and Russia respectively. Deliveries of Skoda's Octavia model grew approximately 60% in Western Europe.

Full Report Details at
- http://www.fastmr.com/prod/850852_czech_republic_autos_report_q3_2014.aspx?afid=301

BMI has long maintained that the export-led recovery in the country will feed through to a brightening domestic demand story in 2014. This is playing out, and consumer confidence is improving. Moreover, sentiment towards big ticket purchases, such as autos, is improving. This combined with low base effects from the 5.3% drop in sales in 4M13, has driven the strong growth seen in the market over the year to date.

However, we expect this export-led recovery to temper somewhat in the second half of the year on the back of slowing growth in emerging markets, especially China, and a sputtering recovery in the eurozone ( see 'Still Below Consensus On Growth', May 2). BMI believes this will temper private consumption levels in the second half of the year, and we expect to see a moderation in growth in autos sales in H214.

In terms of output, light vehicle production in the Czech Republic increased 4.1% in 2013, to 1,128,473 units. This follows a surge in Q413 on the back of a marked improvement in the European market, the country's main export destination. BMI expects this positive...

The Czech Republic Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Czech Republic Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Czech Republic.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Czech Republic to test other views - a key input for successful budgetary and planning in the Czech automotives market.
* Target business opportunities and risks in the Czech automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Czech Republic.

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