"Spain Autos Report Q2 2011" is now available at Fast Market Research

April 19, 2011 - PRLog -- BMI fears that a change in Spain's autos dealership law, whereby carmakers have to give authorised distributors a full refund on unsold cars within three months of purchase, could negate efforts made by the government in the past to secure much required investment for the auto industry. Such are its implications that the change in the law could put Spain's position as the second largest car producer in Europe at risk, and also threatens the country's sixth position in BMI's Risk-Reward ratings for the autos industry in Europe.

On the back of a slew of investments announced by carmakers in the country between 2009 and 2010, BMI forecasts Spanish auto production to grow an average 2.6% year-on-year (y-o-y) between 2011 and 2015, a significant turnaround from the average annual declines of nearly 3% y-o-y between 2006 and 2010.

Meanwhile, there is little optimism for domestic vehicle demand. Estimates from Spanish car association Anfac show that new vehicle sales in Spain ended 2010 down 6% y-o-y, to just over a million units, falling closely in line with BMI's estimate of a 7% y-o-y fall. In 2011, BMI believes that high unemployment, falling real wages, a large stock of private sector debt and fiscal austerity from above will keep consumers focused on deleveraging rather than spending for the foreseeable future. As such, BMI believes sales will continue to fall, albeit by a much smaller margin. Although we expect sales growth to average 2.6% y-o-y thereafter, this will not be enough to ensure a recovery to 2005, or even 2008, levels.

In January 2011 Nissan Motor announced it will invest EUR80mn in Spain after it reached an agreement with two labour unions - SIGEN-USOC and MACA-UGT.

In the same month, US carmaker General Motors Company (GM) and German firm Volkswagen (VW) revealed separate plans to increase production at their facilities in Spain this year. VW, the country's largest carmaker, is looking to increase Polo production in Spain, while GM plans to assemble 40,000 more vehicles, to a total of 400,000 units, at its plant in Figueruelas.

However, given that the aforementioned regulatory change could substantially increase carmakers' operating costs in the country, some firms such as Ford Motor and PSA Peugeot Citroen are threatening to withdraw planned investments, clearly putting severe downside risks to our optimist outlook for the country.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/130670_spain_autos_report_q2_2...


Report Table of Contents:

SWOT Analysis
- Spain Auto Industry SWOT
- Spain Political SWOT
- Spain Economic SWOT
- Spain Business Environment SWOT
Global Overview
- Table: BMI Core Views On Global Auto Sector
Business Environment Ratings
- EMs Show Off Potential
- Table: Western Central And Eastern Europe Business Environment Ratings
Regional Overview
- Hyundai Makes Ill-Timed CV Launch In Europe
- Table: New Truck Sales By Market (Units)*
- Table: Europe -Top Automotive Suppliers Sales By Region (US$mn), 2010
Macroeconomic Forecast
- Table: Spain - Economic Activity
Industry Forecast Scenario
- Domestic Sales
- Table: Spain Autos Sales - Historical Data And Forecasts
- Production
- Table: Spain - Auto Production And Exports, 2009
- Table: Spain Auto Production - Historical Data And Forecasts
- Table: Spain Auto Sector - Historical Data And Forecasts
- Industry Overview
- Table: Spain Auto Industry - Economic Data
- Industry News
- Table: Spain: Major New auto Investments, 2009-Present
Passenger Cars
- Table: Spain Passenger Car Segment - Historical Data And Forecasts
- Key Players
- Company News
- Future Of Production
- Table: Auto Production, 2009-2010
Commercial Vehicles
- Table: Spain Commercial Vehicle Segment - Historical Data And Forecasts
- Company News
Motorcycles
- Table: Spain Motorcycles Segment - Historical Data And Forecasts
- Company News
Suppliers
- Company News
Company Profiles
- Volkswagen-SEAT
- Renault
- PSA Peugeot Citroen
Country Snapshot: Spain Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Manufacturing Wages, 2000-2012
- How We Generate Our Forecasting Model
- Sources

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 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.

# # #

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.