PR Log (Press Release) –
Jan 12, 2010 – The government has introduced a stimulus package to boost vehicle sales, which registered 1.36mn unit sales in 2008, a 29.7% reduction on 2007 figures. However, as BMI explains in its latest Spain Automotives Report, the market is unlikely to see the full effect of the package until May or June, after which some improvement can be expected. In February, the government approved a EUR4.1bn (US$5.3bn) domestic aid plan as a part of its broader economic package of EUR70bn to stimulate economic activity. This is to be used both to help carmakers and parts suppliers upgrade their plants, and to promote research by existing manufacturers in the industry. In addition to this, a system of scrappage incentives was introduced to encourage owners of older vehicles to buy new cars, thereby boosting vehicle demand in the market. Despite the scheme, registrations fell by nearly 49% in February to 62,107 units. The figures for January-February reached 121,492, down by 45.5% y-o-y for passenger cars and 5.1% y-o-y for commercial vehicles. These figures have prompted BMI to maintain its sales forecast to just over 1.09mn units, or falling by nearly 18-20% year-on-year (y-o-y) by end-2009. The market has seen some major reshuffles in terms of its competitive landscape. Citroën's sales made it the top player in the industry, selling 11,933 vehicles to take a 19.2% share of the market. The company was followed by Renault SA, selling 11,236 units, and Peugeot, on 10,727. Although their sales have declined by no less than 30-50%, they have been successful in overtaking market-leader Ford Motor and fellow Spanish firm SEAT. They sold 10,678 and 9,561 units, respectively, making them the fourth and sixth biggest-sellers in the market. These developments do not give BMI many reasons to change the country's position in our Business Environment Ratings for the quarter. We maintain Spain's score of 59.2 points (out of a possible 100), which could be improved if the market begins to show improvements.
For more information or to purchase this report, go to:
- http://www.fastmr.com/prod/43738_spain_autos_report_q1_2 ...
Report Table of Contents:
Executive Summary
- SWOT Analysis
- Spain Autos Industry SWOT
- Spain Political SWOT
- Spain Economic SWOT
- Business Environment Ratings
- Western, Central And Eastern Europe Business Environment Ratings
- Industry Developments - Western Europe
- German Resistance
- Improved Conditions
- Missed Opportunities For Some
- …Opportunities for GM
- Vehicle Production 2008 At GM-Owned Facilities
- Scrappage Schemes Across Europe
- Vehicle Scrappage Schemes In The EU
- Industry Developments
- Spain Autos Industry - Economic Data
- Regulatory Environment - Developments
- Fresh Investment
- Spain Vehicle Manufacturing Facilities
- Company News
- Industry Forecast Scenario
- Spain Autos Sales - Historical Data And Forecasts
- Spain - Autos Production And Exports, Jan- Sept 2009
- Spain Autos Production - Historical Data And Forecasts
- Spain Autos Sector - Historical Data And Forecasts
- Macroeconomic Forecast Scenario
Table: Spain - Economic Activity
- Competitive Landscape
- New Vehicle Registrations By Segment
- New Car Registration Top 10 Players, January-Oct 2009
- Commercial Vehicles
- New Projects
- Suppliers
- Company Monitor
- Volkswagen-SEAT
- Renault
- PSA Peugeot Citroën
- Country Snapshot: Spain Demographic Data
- Section 1: Population
- Demographic Indicators, 2005-2030f
- Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Education, 2002-2005
- Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Employment Indicators, 2001-2006
- Consumer Expenditure, 2000-2012 (US$)
- Average Annual Manufacturing Wages, 2000-2012
- How We Generate Our Forecasting Model
- Sources
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
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