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Latvia Autos Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Latvia Automotives Report
- Independent 5 year Automotive industry forecasts for Latvia .
- Original Automotive market research and Automotive sector trend analysis for the Latvia Automotive industry.
- Competitive intelligence, Latvian Automotive company rankings and SWOT analyses on international and domestic Automotive companies in Latvia .
The Latvia Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end- 2013 ; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.
Business Monitor International's Latvian Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Latvian automotives market.
Key Benefits of Report
- Benchmark BMI’s independent 5-year Automotives Industry forecasts on Latvia to test other views – a key input for successful budgetary and planning in the Latvian Automotives market.
- Target Business Opportunities & Risks in the Latvian Automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Latvia .
- Exploit the Latest Competitive Latvian Automotives Intelligence & company SWOTS on your competitors and peers through company rankings by production, sales, market share and ownership structure – includes multi national and national companies in Latvia .
Coverage
Executive Summary & Swot Analysis
Summary of BMI's key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local automotives market, economy and business environment.
Regional Overview
Cross-border analysis on the structure, size and value of the automotives sector, including comparative historical data and forecasts on the region’s sales and production figures.
Business Environment Rankings
Comparative guide to the region's business environment, ranking of the regional markets by CBU Output Growth, Vehicle Penetration Potential, Regulation, Market Competition, Economics Risk and Politics Risk. The rankings table provides BMI's view on the competitiveness of the regional markets.
Market Overview
Outlook of local market, commenting on its structure, size and value.
BMI 5-Year Industry Forecast
Historic data series and 5-year forecasts to end- 2013 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including: Total production value (US$bn); total production of units; production by vehicle-type, including cars, commercial vehicles, trucks and buses; total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.
BMI 5-Year Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.
Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.
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Latvia Autos Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - Executive Summary |
Chapter - SWOT Analysis |
| Latvia Autos Industry SWOT |
| Political SWOT |
| Economic SWOT |
| Business Environment SWOT |
Chapter - CEE Regional Case Study |
| Impact Of The Financial Crisis On The CEE Automotive Sector |
| Looking East |
| Supply Chain Shock |
| Long-Term Optimism |
Chapter - Business Environment Ratings |
Chapter - Industry Forecast Scenario |
| Latvia Autos Sector ''“ Historical Data & Forecasts (CBUs unless otherwise stated) |
Chapter - Macroeconomic Forecast Scenario |
| Latvia ''“ Economic Activity |
Chapter - Competitive Landscape |
| Regulation |
| Dealerships |
| Commercial Vehicles |
| Baltic Market, 2008 |
Chapter - Company Monitor |
| Renault |
| Sales |
| Renault ''“ Central & Eastern Europe Sales, 2007 |
| Production |
| Renault ''“ Car Plants In Europe |
| Cutting Back Labour Costs |
Chapter - Company Profiles |
| Toyota Motor |
| Baltic Motors |
Chapter - BMI Forecast Modelling |
| How We Generate Our Industry Forecasts |
| Sources |
Chapter - Appendix |
| Regional Demographic Data |
| Wages (average labour force per annum), US$ PPP |
| Population |
| Household Spending Per Capita, US$ |
| Private Consumption Per Capita, US$ PPP |
| Market Size, GDP, US$bn |
|
Latvia Autos Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The period of double-digit growth in Latvia since 2004 finally seems to have cooled off, according to BMI’s 2009 Latvia Automotive Report. While the government’s anti-inflationary policies have clearly helped to check a significant increase in vehicle demand from as early as H207, tighter credit conditions towards the beginning of 2008, worsened consumer sentiments in the Latvian economy which is now heading for a deep recession in 2009.
The Latvian economy contracted by a staggering 10.5% year-on-year (y-o-y) in Q408, having declined by a perilous 5.2% in the previous quarter. According to the Latvian Authorized Automobile Dealers Association (LPAA), total vehicle sales fell by nearly 41% y-o-y to 23,226 units in 2008 due to the 41% y-o-y and 40% y-o-y drop in passenger car and commercial vehicle sales, respectively. Backed by our forecasts of an economic contraction of 9.1% in 2009 and 1.6% in 2010, BMI forecasts vehicle sales to drop by another 40% y-o-y in 2009, followed by almost stagnant demand conditions in 2010. Our core view suggests that economies such as Latvia will be slow in recovering from the crisis implying that Latvia’s car ownership rates is unlikely to match the EU average within the next five years. Towards the end of our forecast period at end-2013, we expect total passenger car sales to reach close to 15,300 units, but nevertheless will remain far below the level of 32,500 cars sold in 2007.
The market for both small and premium cars remained gloomy, clearly indicating the lack of financing and car leasing kept buyers away from the purchase of big ticket items such as cars. Despite the tough market conditions, Toyota Motor maintained its lead in the market with sales falling by 40.3% y-o-y to 2,337 units, and market share increasing slightly from 12.0% in 2007 to 12.1% last year. Volkswagen (VW) overtook Škoda Auto’s position as the second largest carmaker by increasing its market share from 8.2% in 2007 to 11.1% last year and sales reaching 2,133 units in 2008. Škoda followed VW to make to the third position after selling1,493 units, down by 43.9% y-o-y, last year.
Latvia lacks manufacturing facilities, much like other Baltic states, and this has remained as one of the primarily reasons for the poor score of Latvia in BMI’s business environment rankings. Nevertheless, the market where carmakers mostly operate through their authorised dealerships saw some major reshuffles last year. Peugeot has made a subsidiary company of the Estonian Uhendatud Kapital-Auto Forte Latvia, its authorised car dealer, while Bensons Auto had to break its partnership with Honda Motor last year. Meanwhile, Korea Auto, a Hyundai dealer in Latvia, signed a sell-purchase agreement with Amserv Grupp to increase the latter’s distributorship to six carmakers, Toyota, Lexus, Opel, Chevrolet, Saab and Hyundai. BMI believes that the dealerships will resort to competitive pricing and focus on limiting costs until the next year to meet their annual targets and to maintain their financial status.
Rankings and Competitive Landscapes by production and sales; market share and change on previous year; number of employees, ownership structure and year established. Also includes analysis of company expansion, export and investment strategies.
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* BMW * Fiat * Ford * GAZ * General Motors * Goodyear * Hyundai * Michelin * Nissan |
* Opel * PSA Peugeot Citroen * Renault * Seat * Siemens * Skoda * Suzuki * Toyota * Volkswagen |
BMI's European Automotives Reports are based on an extensive network of multilateral organisations, government departments, automotive industry associations, chambers of commerce and company reports. Information sources include:
|
Latvia Autos Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Egypt, Nigeria and South Africa |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Europe |
| Bulgaria, Croatia, Czech Republic, Estonia, France, Germany, Greece, Hungary, Italy, Kazakhstan, Kyrgyzstan, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Tajikistan, Turkmenistan, Ukraine, United Kingdom and Uzbekistan |
Latin America |
| Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela |
Middle East |
| Bahrain, Iran, Israel, Kuwait, Saudi Arabia, Turkey and United Arab Emirates |
North America |
| Canada and United States |
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