Global Autos Update: Europe Turns A Corner, Not So The BRICs


As we near the end of 2013 we have a better idea of what shape the world's major passenger car markets will be in heading into 2014. Regional trends point toward the beginning of a modest recovery in Europe and sustained strength in North America, while we have become increasingly bearish on Brazil and Russia among the BRIC states. Elsewhere within that grouping, we expect China's economic rebalancing to act in favour of passenger car sales over our five-year forecast period.

Consumer Sentiment Improves In Japan

October marked a second consecutive month of positive sales growth in the Japanese car segment, after September ended a negative streak reaching back to April 2013. BMI believes a number of factors are at play, which should support positive sales into Q114, not least the increase in consumption tax planned for April 2014, which should see consumers bring forward their purchasing decisions.

Stabilisation Ahead
Japanese Passenger Car Sales (CBUs) And Sales Growth (% chg y-o-y)

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Sector: Autos

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