1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Newly published market report: Romania Autos Report Q4 2009

Fast Market Research recommends "Romania Autos Report Q4 2009" from Business Monitor International, now available

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Nov. 30, 2009 - The Romanian automotive market and industry have experienced an abrupt slowdown following the international credit crunch. The third and fourth quarters of 2008 saw a fall in automotive sales growth, which markedly worsened in Q109, according to the  Automotive Manufacturers and Importers Association (APIA). The decline in domestic car sales was marginally offset by a rise in the commercial vehicle segment. The slump in domestic sales was related to the introduction of the new environment tax, as well as restrictions on credit. Overall automotive sales in 2008 fell to 324,080 units in total, representing a fall of 11.7% year-on-year (y-o-y), with car sales down 14.1% while commercial vehicle sales rose by 2.0%. The decline has been caused by a moderation in economic growth and a reduction in the availability of credit, feeding into the performance of the country's automotive industry. Nevertheless, export sales increased some 26% in 2008, buoyed somewhat unexpectedly by sharp increases in sales to Germany, Italy and other West European markets. Despite a depressed local market, automotive production managed to strengthen slightly in 2008. Overall output was up 1.5% y-o-y to 245,308 units, car output was down 1.3% to 231,056 units, but commercial vehicles were up 87.4% to 14,241 units. Automotive growth is lower than the 13.2% recorded for the whole of 2007 as  Renault's Romanian subsidiary  Automobile Dacia approaches full capacity. This modest growth was due to the rise in exports counterbalancing the sudden decline in domestic sales. Nevertheless, the speed of the slowdown has been such that the outlook for 2009 is not at all promising. There are pressures facing Dacia in terms of rising wage costs and the effect of medium-term appreciation of the leu on prices on export markets. Even so, the Romanian automotive industry will be boosted by planned capacity expansion over the next five years. Renault is aiming to boost annual production capacity at Pitesti from 350,000 units in 2008 to 400,000 units in 2009. Renault is hoping to launch the new Mégane in Romania in 2009, followed by the Laguna Coupé. The company has so far relied on its existing models, such as the Symbol and the Mégane Sedan, for most of its sales increase. Operating as a wholly imported brand in Romania, Renault sold 32,308 vehicles in 2007, giving it a market share of 9.2%. However, a 30% y-o-y decline in sales to 22,073 units brought the manufacturer's market share down to 7.1% in 2008. As such, the commercial manager for Renault Romania, Jacques Daniel, revealed that the company is looking to achieve an 8% market share in Romania, although it has not revealed any sales target for this year.
         

Report Table of Contents:

Executive Summary
   SWOT Analysis
   Romania Autos Industry SWOT
   Romania Political SWOT
   Romania Economic SWOT
   Romania Business Environment SWOT
   Regional Overview
   Autos Mergers And Acquisitions
   Top Ten Auto Industry Deals
   Porsche And Volkswagen: Key Figures (2008)
   Cutting Down The Load
   Business Environment Ratings
   Western, Central And Eastern Europe Business Environment Ratings
   Industry Forecast Scenario
   Production And Sales
   Romania Autos Sector - Historical Data And Forecasts
   Trade
   Romania Autos Sector - Historical Data And Forecasts
   Economic Contribution
   Romania Autos Sector - Historical Data And Forecasts
   Macroeconomic Forecast Scenario
Table: Romania - Economic Activity
   Competitive Landscape
   Romanian Automotive Sector, 2008 (CBUs)
   Romania - Key Players In The Passenger Car Market (CBUs)
   Used Vehicles
   Ford Motor
   Automobile Dacia
   Labour Issues
   Suppliers
   Commercial Vehicles
   Romania - Commercial Vehicle Domestic Sales, 2008
   Romania - Top 10 Brands On The LCV And Minibus Market, 2006-2008 (CBUs)
   Romania - Top 10 Brands On The HCV And Bus Market, 2006-2008 (CBUs)
   PSA Peugeot Citroën
   Financial Woes
   Focus On Faurecia
   Merger Opportunity
   Eye On Eastern Europe
   Automobile Dacia
   Automobile Craiova
   Renault
   Continental
   Roman Brasov
   Country Snapshot: Romania Demographic Data
   Section 1: Population
   Section 2: Education And Healthcare
   Vital Statistics, 2005-2030
   Section 3: Labour Market And Spending Power
   Employment Indicators, 2001-2006
   Consumer Expenditure, 2005-2010 (US$)
   Average Annual Wages, 2006-2010
   BMI Methodology
   How We Generate Our Forecasting Model
   Sources

For more information or to purchase this report, go to http://www.fastmr.com/catalog/product.aspx?productid=39079

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.

BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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.

--- End ---

Click to Share

Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Transportation, Automotive, Shipping
Tags:automotive, vehicle, renault, cbus, automobile, romanian, car, dacia, auto, autos
Shortcut:prlog.org/10431622
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share