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New market study, "United Kingdom Autos Report Q3 2011", has been published

New Transportation market report from Business Monitor International: "United Kingdom Autos Report Q3 2011"

 
PRLog - Jul. 24, 2011 - The UK is braced for major fiscal austerity in 2011. We expect this to fall heavily on consumer and business  sentiments. Another spoiler for recovery in the petrol-powered vehicle market will be the increase in gasoline  prices. Industry experts have estimated that the average cost of a litre of petrol in the UK has increased  GBP0.693 since the beginning of 2011.  BMI expects these conditions to lead to over 5% y-o-y drop in new vehicle sales in 2011. The Society of  Motor Manufacturers and Traders (SMMT), meanwhile, has called on the government to take steps to aid  recovery in the auto sector, such as putting a freeze on fuel duty, removing uncertainty on motoring taxes and  improving vehicle financing for households and businesses. For the remainder of our forecast period to 2015,  BMI expects vehicle sales growth to average 2.6% y-o-y, taking sales to 2.44mn units in 2015, making a  complete recovery to pre-crisis levels unachievable.  Auto production, on the other hand, showed an impressive recovery, rising nearly 28% y-o-y, to 1.4mn units,  in 2010, according to the SMMT. The growth came on the back of a strong rebound in both the domestic and  export markets, which grew 32.5% and 26.3% y-o-y respectively in the year.  Despite this, we expect carmakers to remain extremely cautious about significantly improving their output,  which will keep production growth limited to little over 5% y-o-y in 2011. Given that locally based  carmakers have shown an intent to continue production in the country, we expect output to reach 1.63mn  units in 2015, which is near the pre-crisis level of 1.65mn in 2008.  However, much will depend on the regulatory environment and the amount of government support given to  the industry, which will determine the overall competitiveness of UK output.  Based on the competitiveness of its manufacturing industry and regulatory environment, the UK is in first  place in BMI's Business Environment Ratings for the auto industry in Europe this quarter.
About Business Monitor International

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Full Report Details at
- http://www.fastmr.com/prod/208451_united_kingdom_autos_re...
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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.

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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.

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Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Transportation, Automotive, Shipping
Tags:vehicle, auto, competitiveness, regulatory, pre-crisis, carmakers, smmt, expects, improving
Shortcut:prlog.org/11596500
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