Estonia Autos Report 2016 - New Market Report

From: Fast Market Research, Inc.
Published: Thu Nov 19 2015


2014 has proved a positive year for new vehicle sales within Estonia. Over the first nine months of the year, passenger car (PC) sales were up by 5% year-on-year (y-o-y), at 15,874 units, according to figures from Estonia's association of car dealers and service companies (AMTEL). September's monthly performance was highly impressive, up 19% y-o-y, at 1,841 units for the month.

On the commercial vehicle side, 8M14 figures from the European Auto Manufacturers Association (ACEA) show a total of 1,884 light commercial vehicles (LCVs) sold in country, with a further 508 medium and heavy commercial vehicles sold, plus a further 79 buses, for a total of 2,471 units sold year-to-date.

Adding the 2,471 CV units to the 14,033 PCs sold over 8M14 makes for a total new vehicle market of 16,504 units. On current sales trends, this leaves the Estonian new vehicle sales market on target to hit BMI's forecast of 25,471 units for the full year.

Full Report Details at
- http://www.fastmr.com/prod/1073098_estonia_autos_report_2016.aspx?afid=301

Looking forward, BMI's Country Risk team believes that Estonia's economy has now turned the corner and will post relatively strong real GDP growth over the next two years. Robust private consumption growth resulted in real GDP growth reaching 2.4% y-o-y in Q214, while the reading for Q114 was revised up substantially, from -1.9% to 0.4%% y-o-y due to an alteration to the statistical agency's methodology. Consequently, in September, we revised up our 2014 real GDP growth forecast from 0.9%, to 1.8%.

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

BMI Research's Estonia 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 Estonia.

Key Benefits

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

Coverage

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.

BMI Industry Forecasts

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You may also be interested in these related reports:

- Chile Autos Report 2016
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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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