Fast Market Research

Report Published: "United Kingdom Autos Report Q1 2014"

Recently published research from Business Monitor International, "United Kingdom Autos Report Q1 2014", is now available at Fast Market Research

 
Repost This

Boston, MA -- (SBWIRE) -- 01/29/2014 -- In 2013, we forecast passenger car sales to increase 10.0% on the back of modest improvements in private consumption, price cuts from car sellers, and pent-up demand. This bullish outlook for the UK stands in stark contrast to our view on the European passenger car market. Indeed, passenger car sales in much of Europe, particularly the large markets in Western Europe, have declined sharply in 2013, and we expect to see sustained declines in many markets over the year.

We believe that much of the increase in the UK market has been driven by private sales. BMI maintains a fairly bullish outlook on consumer confidence in the UK, but we believe that the main driver of growth in the market was large pent-up demand and heavy discounting by auto companies.

View Full Report Details and Table of Contents

Passenger car sales in the UK fell almost every year between 2006 and 2011, and the average age of cars on the road increased markedly. We believe this created a large level of pent up demand, and was the key driver of the 5.3% increase in the market in 2012. We believe this effect is continuing in 2013.

BMI maintains a relatively bullish forecast for vehicle production in the UK, particularly compared with output levels in many other European countries. This view has been informed by our positive outlook for the domestic passenger car segment and our expectation of a slowdown in the decline in the European passenger car segment. We expect commercial vehicle production to decline over the year, however, but this constitutes a relatively small proportion of total vehicle output.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. 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.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- United Arab Emirates Autos Report Q1 2014
- United States Autos Report Q1 2014
- United Kingdom Freight Transport Report 2014
- Russia Autos Report Q1 2014
- United Arab Emirates Shipping Report Q1 2014
- United Kingdom Agribusiness Report Q1 2014
- United Kingdom Defence & Security Report Q1 2014
- United Kingdom Metals Report Q1 2014
- United Kingdom Power Report Q1 2014
- United Kingdom Business Forecast Report Q1 2014