"Hungary Autos Report Q2 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Mar 10 2015

Like much of Central and Eastern Europe, Hungary's auto sector is very much output-led, with a focus on mass production of low profit small- and medium-sized cars. Hungary is also a leading exporter of autos in CEE. We estimate vehicle production in Hungary rose 2.1% in 2013, to 222,400 units. We believe it will rise 2.0% in 2014, to around 226,903 units, and 13.0% in 2015, to around 256,383 units.

Automotive companies remain the engine of growth for the country's industrial sector: Hungary's headline industrial output rose 6.8%, with the vehicle industry making up about EUR15bn of the total Hungarian exports of HUF80bn in 2013, according to data published by the Central Statistics Office (KSH), reported the Budapest Business Journal in February.

Full Report Details at
- http://www.fastmr.com/prod/962495_hungary_autos_report_q2_2015.aspx?afid=301

Hungarian new car sales have enjoyed a resurgence, with 10M14 figures released by the European Automobile Manufacturers' Association (ACEA) showing that passenger car sales were up by 20.2% year-on-year (y-o-y), to 55,502 units. BMI forecasts 18% growth in passenger car sales in 2014, and 10% growth in 2015.

The Hungarian economy has continued on a slow path of economic recovery in 2014, with the major contributions to growth coming from net exports and private consumption. Exports are set to rise as the German economy is boosted by strengthening consumption, which in turn will boost demand for goods made in Hungary. Hungarian consumption will rise on the back of low inflation, growing nominal wages and low interest rates. As a result we forecast real GDP growth of 1.7% and 1.9% in 2014 and 2015 respectively.

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

BMI Research's Hungary 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 Hungary.

Key Benefits

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

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

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Contact Name: Bill Thompson
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