(MENAFNEditorial)
BMI forecasts a 1.8% drop in vehicle sales in 2015 as we expect the passenger car segment to drag down total sales despite a very slowly recovering commercial vehicle (CV) segment.
We forecast a 3.7% decline in passenger car sales in 2015 with sales reaching 2.41mn units for the year. This decline will come as growth in new passenger car purchases falls behind growth in consumer spending due to car sales tax hikes and tightening credit conditions weighing on demand.
In 2015 BMI expects to see 3.1% growth in light commercial vehicle (LCV) sales a slowdown from strong growth in recent years and a 2.0% expansion in heavy truck sales. This slightly improving outlook for CVs is due to improving growth in key sectors such as Brazil's construction industry.
Full Report Details at
- http://www.fastmr.com/prod/953203_brazil_autos_report_q2_2015.aspx?afid=101
BMI is becoming more bearish on the country's domestic sales and export outlook and believes this will feed into further falls in output in 2015. Indeed we forecast a 2.9% decrease in total vehicle output over the coming year a continuation of the large falls in output seen in 2014.
The majority of production in Brazil is for the domestic market. Over the long run we expect exports to play an increasingly important role in output growth but volumes are likely to remain relatively minimal over 2015 and they will not be the primary driver of production.
The Brazil Autos Report features the latest data and forecasts covering production sales imports and exports.
Business Monitor International (BMI)'s Brazil 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 Brazil.
Key Benefits
* Benchmark BMI's independent automotives industry forecasts on Brazil to test other views - a key input for successful budgetary and planning in the Brazilian automotives market.
* Target business opportunities and risks in the Brazilian automotives sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Brazil.
* 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
Historic data series and forecasts to end- 2019 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:Sales and production of motorcycles in units; total production of units; production by vehicle type (including cars commercial vehicles trucks and buses); total vehicle fleet size in units; sales by vehicle type including passenger cars and commercial vehicles; fleet size by vehicle type including passenger car commercial vehicles and motorcycles; total vehicle trade balance in units; vehicle trade balance by vehicle type including passenger car commercial vehicle and motorcycle; car ownership measured as car density per 1000 people.
BMI’s Autos Risk Reward Index
BMI’s Risk Reward Index provides investors (manufacturers suppliers and dealers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points. These provide indices of highest to lowest appeal to investors with each indices explained.
BMI Economic Forecasts
BMI forecasts to end-2019 for all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Global Regional and Country Industry Overviews
In-depth analysis of the major global and regional developments in the market which can be linked with the country industry overview providing cross-country investment product and financing trends that will affect each market supported by BMI’s global and regional industry forecasts.
Sources
The Autos reports draw on an extensive network of primary sources such as manufacturing associations statistical bureaus government transport ministries national chambers of commerce and industry national statistical offices government ministries and central banks and multinational companies.
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.
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