Spain Autos Report Q4 2014 - New Report Available

From: Fast Market Research, Inc.
Published: Thu Nov 06 2014

BMI forecasts an 11.9% increase in vehicle sales in 2014. This comes from an expected 9% increase in the passenger car segment and 29.3% rise in commercial vehicle (CV) sales.

BMI forecast 9% growth in passenger car sales in 2014 on the back of the extension of the vehicle scrappage scheme buoying sentiment and pent-up demand from sustained declines in recent years, despite the country's weak consumer story dampening demand for big ticket purchases.

BMI forecast 30% growth in the LCV segment and 25% growth in heavy truck sales in 2014. We expect the country's construction and manufacturing sectors to remain lacklustre, but we believe that pent-up demand in the segment will help buoy the sector over the year.

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BMI forecasts vehicle production in Spain to increase 8.6% in 2014. This comes from an expected 6% increase in passenger car output over the year and a 20% increase in CV production.

Spanish autos production is dominated by exports. Indeed, according to data from the Spanish autos association ANFAC, the value of the country's vehicle exports increased some 15% in 2013, to EUR26.2bn (USD36.1bn). This attests to BMI's view that autos production in Spain is becoming increasingly export-orientated, and we believe this segment will lead the recovery in the country's autos sector in 2014. Indeed, we expect to see a resurgence in Spanish output on the back of strong fundamentals and improving vehicle sales in Europe, Spain's main export market.

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

Business Monitor International (BMI)'s Spain 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 Spain.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Spain to test other views - a key input for successful budgetary and planning in the Spanish automotives market.
* Target business opportunities and risks in the Spanish automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Spain.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.


BMI Industry View

Summary of BMI's key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Global, Regional and Country Industry Overviews

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