Report Published: "Greece Autos Report Q1 2013"

Recently published research from Business Monitor International, "Greece Autos Report Q1 2013", is now available at Fast Market Research

by Bill Thompson

(WireNews+Co) - Boston, MA - 22 February 2013

BMI has become increasingly bearish on passenger car sales in Greece. In 2012, we forecast a sales decline of 40%. Unemployment remains very high, and retail sales continue to fall. Coupled with continuing austerity measures and political uncertainty, we expect consumer sentiment to remain very weak. This outlook has partly informed our forecast in the passenger car segment. We caution, however, that downward pressure on consumer sentiment from fiscal retrenchment and other macro factors provides considerable downside risk to our sales forecasts.

In terms of sales volumes, the Greek vehicle market stands at less than half the levels seen in 2007. With consumers feeling the pinch of higher taxes and high vehicle ownership costs, we believe a recovery in new vehicle sales unlikely during our forecast period to 2017. It is therefore not surprising that local dealerships are being forced to slash vehicle prices and offer substantial discounts in an attempt to spur demand in the market.

View Full Report Details (http://www.fastmr.com/prod/536457_greece_autos_report_q1_2013.aspx?afid=201) (http://www.fastmr.com/prod/536457_greece_autos_report_q1_2013.aspx?afid=201)

The Association of Motor Vehicle Importers-Representatives (AMVIR), estimates that a total of 82,057 old cars were removed from circulation in 2011, but were replaced with only 33,931 new cars sold in the year. Indeed, BMI maintains a particularly bearish outlook for vehicle sales in 2012, and we expect to see sales continue to decline over the remainder of our 2017 forecast period.

Report Table of Contents:

BMI Industry View

SWOT

- Political - Economic- Business Environment

Industry Forecast

Macroeconomic Forecasts

- Economic Outlook- Table: Greece - Economic Activity

Industry Risk Reward Ratings

- Table: BMI Industry Risk/Reward Ratings For Autos In Europe

Competitive Landscape

- Passenger Cars - Forecasts and Analysis - Table: Passenger Car Sales - Table: Passenger Car Segment - Table: Passenger Car Sales By Brand - Table: Passenger Car Sales By Region - Commercial Vehicles - Forecasts and Analysis - Table: Commercial Vehicle Sales - Table: LCV Sales By Brand - Motorcycles - Forecasts and Analysis - Table: Motorcycle Sales- Table: Motorcycle Sales By Brand

Company Profile

- Company Monitor- Toyota Motor

Regional Overview

Global Industry Overview

- Global Overview - Table: Passenger Car Sales - 9M12 - Japan Back To Normal, But US Stays Strong - Divergence Remains But Outlook Worsens In Europe- Russia Stays Dominant Among The BRICs

Demographic Forecast

- Greece Demographic Data - Table: Greece's Population By Age Group, 1990-2020 ('000) - Table: Greece's Population By Age Group, 1990-2020 (% of total) - Table: Greece's Key Population Ratios, 1990-2020- Table: Greece's Rural And Urban Population, 1990-2020

Methodology

- How We Generate Our Industry Forecasts - Automobile Industry - Sources

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