Original Automotive market research and Automotive sector trend analysis for the Colombia Automotive industry.
Competitive intelligence, Colombia Automotive company rankings and SWOT analyses on international and domestic Automotive companies in Colombia.
The Colombia Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2011; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.
Colombia Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Colombian automotives market.
Key Benefits
Benchmark BMI’s independent 5-year Automotives Industry forecasts on Colombia to test other views – a key input for successful budgetary and planning in the Colombian Automotives market.
Target Business Opportunities & Risks in the Colombian Automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Colombia.
Exploit the Latest Competitive Colombian 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 Colombia.
Coverage
Executive Summary & Swot Analysis
Summary of It’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 It’s view on the competitiveness of the regional markets.
Market Overview
Outlook of local market, commenting on its structure, size and value.
5-Year Industry Forecast
Historic data series and 5-year forecasts to end-2011 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.
5-Year Macroeconomic Forecast
It 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.
Executive Summary
The Sector At A Glance
Key Insights On The Automotive Sector Of Colombia
Colombia Automobiles Report shows an industry that continues to go from strength to strength. During 2006, the sector has enjoyed bumper sales on the back of a healthy economy and strong consumer demand. Industry majors such as General Motors have identified Colombia's potential as a strong production hub and moved to step up activities in the country. The sharp upswing in sales figures led BMI to raise its 2006 forecast to 180,000 units in the last quarter. We reiterate this figure for the final phase of the year, and maintain our production forecast of 40,211 units.
Colombia's car industry hit something of a milestone in October when sales surpassed the 20,000 unit-mark for the first time ever. Sales for the month totaled 21,407 units, thanks to the motor show that took place in the capital Bogotá. According to industry sources, the motor show enjoyed record levels of attendance, while some 7,000 deals were wrapped up. In fact, Bogotá's motor show goes some way to explaining why we have restated our forecast for the remainder of 2006. Given the widely held view that the motor show was behind the strong upturn reported in October, we expect to see sales fall off during the remainder of the year, with the figures for October representing an albeit welcome blip. According to data from the analysis group Econometría, car sales in October were 7.8% higher than in September. General Motors topped the list of best sellers with its Chevrolet model, selling 7,859 units. The US giant was followed by Renault (3,597 units), Hyundai (2,402 units), Mazda (1,152 units) and Toyota (984 units). Subaru reported a huge month-on-month increase of 166%.
It believes the health of the Colombian market and growing consumer confidence may be seen in the country's fledgling premium brand market. In line with industry data, more and more Colombians are opting to buy luxury vehicles. For example, in the period January-August Toyota reported a 329% increase in demand for its Rav4 vehicles, while sales of its 4Runner rose by 13%. The growth of this market is attributed to better credit facilities and favorable interest rates.
Colombia continues to take second place on BMI's Business Environment Rankings. The year's robust sales figures are indicative of a ravenous market, in which vehicle ownership has so far been below the regional average. In line with BMI research, Colombia is now seen as one of the more reliable destinations for foreign investment.
In terms of industry developments, General Motors and Renault, which dominate the Colombian market in terms of production, have decided to join forces under an alliance named the 'Competitiveness Management Model' (CMM). The carmakers have concluded a co-operation agreement, valued at some US$8mn, under which they will bring together the best management practices of both companies, and share equipment suppliers.
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