Hong Kong Autos Report Q4 2014

Date: October 8, 2014
Pages: 57
Price:
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: H4E79CEB42DEN
Leaflet:

Download PDF Leaflet

Includes 3 FREE quarterly updates

According to the Hong Kong Department of Transport (HKDT), vehicle sales for 7M14 came in at 26,449 units, an increase of 8.1% y-o-y. This figure consists of new private car registrations, new goods vehicle registrations and new private light bus registrations.

Previously, our view has been that subsidies provided by the government to encourage commercial vehicle (CV) owners to replace their pre-Euro IV vehicles are unlikely to have a significant impact on the CV segment, due to affordability issues. The Hong Kong government aims to replace roughly 80,000 pre-Euro IV CVs (including franchised buses) by 2019, which will entail average CV sales of over 14,000 units annually from now until 2019. However, given the more heavy handed approach that the government is now taking via the 'Ex-Gratia Payment' scheme, we foresee that CV sales will increase as vehicle owners look to replace their pre-Euro IV. Since the scheme was implemented in March, CV sales have grown 31.6% y-o-y between March and July. With the new scheme expected to gain traction, we have raised our CV sales growth forecast from 14.9% to 18%.
BMI Industry View
SWOT
Political
Economic
Business Environment
Industry Forecast
  Table: Autos Total Market - Historical Data And Forecasts (Hong Kong 2012-2018)
  Table: Passenger Car Market - Historical Data And Forecasts (Hong Kong 2012-2018)
  Table: Commercial Vehicle Market - Historical Data And Forecasts (Hong Kong 2012-2018)
  Table: Motorcycle Market - Historical Data And Forecasts (Hong Kong 2012-2018)
Sales
Passenger Vehicles
  Table: Passenger Car Market - Historical Data And Forecasts (Hong Kong 2012-2018)
Macroeconomic Forecasts
Economic Analysis
External Trade Not What It Seems
Property Correction Informs Below Consensus Forecast
Expenditure Breakdown
  Table: Hong Kong - Economic Activity
Industry Risk Reward Ratings
Asia - Risk/Reward Ratings
  Table: BMI Industry Risk/Reward Ratings - Asia-Pacific Autos
Company Profile
Company Monitor
Crown Motors
Mercedes-Benz Hong Kong
Sime Darby China
Regional Overview
  Table: Vehicle Sales June 2014 (CBUS)
Global Industry Overview
  Table: Passenger Car Sales May 2014 (CBUs)
Outperformers Boost European Outlook
Trucks Give North America A Lift
India Brings Relief To BRICs
Demographic Forecast
Demographic Outlook
  Table: Hong Kong's Population By Age Group, 1990-2020 ('000)
  Table: Hong Kong's Population By Age Group, 1990-2020 (% of total)
  Table: Hong Kong's Key Population Ratios, 1990-2020
  Table: Hong Kong's Rural And Urban Population, 1990-2020
Methodology
Industry Forecasts
Sector-Specific Methodology
Sources
Risk/Reward Ratings Methodology
  Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators
Hong Kong Autos Report Q2 2014 US$ 1,295.00 Mar, 2014 · 57 pages
Hong Kong Autos Report Q3 2014 US$ 1,295.00 Jun, 2014 · 57 pages
Hong Kong Retail Report Q1 2015 US$ 1,295.00 Nov, 2014 · 69 pages
Hong Kong Retail Report Q3 2014 US$ 1,295.00 May, 2014 · 65 pages

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