With Greece in its fifth year of depression, unemployment soaring to 23.1% (as of May), and vehicle / ownership costs increasing,

Morocco, along with Algeria, is well placed to step up in North Africa as Egypt suffers from political / turmoil. We believe 2012

United Kingdom provides perfect space for competitive and innovative development of the automotive and automotive allied sectors.

Passenger car sales in the Czech Republic increased 5% y-o-y, to 105,391 units, in the first seven months / of 2012, according to

A 14% year-on-year (y-o-y) rise in new light vehicle sales in the first seven months of 2012 and the / continued expansion in cons

In our Q212 South Korean autos report, we lowered our year-on-year (y-o-y) growth forecast to 0.8% for / 2011, representing 1.477m

Economic instability in Europe continued to limit the expansion of Poland’s autos industry in Q312. This / is because around 90% o

Following the news that taxis will be removed from the bidding process for Certificates of Entitlement / (COEs) to purchase vehicl

There has been a sharp rise in the number of new cars sold in Hungary over H112, with new passenger / car sales up by 19.9% over t

Sales in Bulgaria’s auto market continue to be dominated by used units as the country’s economy / languishes with much of the regi

Despite an expected slowdown in new vehicle demand in 2012, Qatar continues to stand as a highly / attractive market for European

Zimbabwe remains one of the less attractive auto markets in Sub-Saharan Africa, reflecting the country's / still-difficult economi

BMI remains optimistic on the long-term outlook for Mozambique's automotive sector as we enter the / final quarter of 2012. BMI ex

BMI maintains its forecast of a 23% year-on-year (y-o-y) rise in new vehicle sales in Angola in 2012, on / the back of expected 12

We have become ever more bearish on the French automotive industry. In the first seven months of 2012, / passenger car sales decli

Pakistan’s auto industry suffered mixed fortunes over FY12, which ended in June 2012. Passenger car / sales and production were bo

Slovakia continues to outpace its larger, but beleaguered counterparts in the EU in terms of economic / expansion, as Europe’s lar

Despite the introduction of new regulations regarding minimum down payments on vehicle purchases in / June 2012, Indonesia's total

Malaysian new vehicle sales recovered strongly over the second quarter of 2012, following a / disappointing first quarter, when sa

BMI has revised down slightly its Serbian vehicle sales growth forecasts for the third successive quarter, / on the back of the la

Executive Summary / The top eight carmakers in Algeria have reported strong sales in Q112, with combined total of 83,936 / units i

Executive Summary / The Indian new vehicle market is so far performing largely in line with our expectations for the year / ending

Executive Summary / New passenger car sales in Germany totalled 1,882,400 in the first seven months of 2012, according to / figure

Executive Summary / Deteriorating macroeconomic activity and a 1.9% year-on-year (y-o-y) decline in new vehicle sales in / H112, a

Favourable base effects have enabled the Venezuelan autos industry to return to the positive growth / territory in H112 – the firs

Executive Summary / Fuel efficiency will back up the replacement vehicle sales growth linked to last year's natural disaster in /

Executive Summary / BMI's view that vehicle demand from private individuals in Zambia will improve over the medium-tolong / term i

Executive Summary / Malawi remains one of Sub-Saharan Africa's least attractive auto markets at the present time, reflecting / the

Executive Summary / We keep our forecasts for new vehicle sales growth in Cameroon unchanged for now. BMI's forecast for / an acce

Executive Summary / Constrained economic growth prospects temper our vehicle sales forecasts in Botswana this quarter. / Botswana

We believe Ghana's automotive industry looks set to be a key beneficiary of the country's oil and mineral / boom. Blessed with an

Executive Summary / BMI believes that challenging macroeconomic dynamics in 2012 could prove to be a major deterrent for / strong

Continued recovery of the US market, a revision in our forecasted strength of the peso and positive / developments in the domestic

Executive Summary / A marginal increase in new car sales in Gabon during Q112 - totalling 1,424 units, compared with the / 1,420 u

Executive Summary / BMI will not follow the lead of the China Association of Automobile Manufacturers (CAAM), which / revised its

Executive Summary / A downgrade in our 2012 economic outlook for Sudan from an already dismal forecast of 1.1% to a / contraction

A 24.1% year-on-year (y-o-y) increase in passenger car sales and 0.3% y-o-y rise in Brazilian passenger car sales in H112 falls in

Côte d'Ivoire has suffered from chronic underinvestment following years of conflict and civil war. Its poor transport infrastructu

Namibia's new vehicle sales look to be sustaining the momentum built in 2011. New vehicles sales rose 32% in May compared with the

This year (2012) is proving a very difficult one for new vehicle sales in Vietnam. Indeed, new vehicle sales over the first half o

Unquestionably the biggest development to hit Hong Kong’s auto industry in Q212 was the move by Japan’s Nissan Motors, the country

186,000 new vehicles were sold in Taiwan in H112, a decline of 1.8% in comparison to H111. 31,213 / new vehicles were sold in the

Vehicle sales in South Africa grew by 9.5% year-on-year (y-o-y) over the first five months of 2012 / according to the National Ass

In total, 1,475 vehicles were produced in Nigeria in 2011, and while BMI expects this figure to rise to / 1,710 by 2014, output wi

A major blow to autos manufacturing in the Philippines came from Ford Motor’s announcement it will / close its Santa Rose facility

Despite four consecutive years of contraction in the new vehicle sales market, new vehicle demand in Italy is showing no signs of

If consumer lending maintains the downward trend followed for much of 2011, we also expect minimal growth in passenger car sales,

Sudan Over the short term, BMI does not expect the situation to improve for new vehicle sales in either Sudan or South Sudan. Foll

Uganda's new vehicle market is a tiny fraction of the total autos sector, with second-hand vehicles still the / only affordable op

New vehicle dealers in Kenya sold 1,525 units in January-February 2012, compared with 1,775 vehicles / sold during the same period

BMI held the view that that one of the key factors in the Indian new vehicle market's growth in the / previous financial year woul

New vehicle dealers in Kenya sold 1,525 units in January-February 2012, compared with 1,775 vehicles / sold during the same period

In the first quarter of 2012, Malaysian new vehicle sales were down by 12.5% year on year (y-o-y), at / 138,544 units, according t

The Pakistan autos sector continues to present a mixed picture as we approach the end of the country’s / fiscal year in June 2012.

There are no comprehensive and reliable vehicle sales and import statistics currently available for Qatar, / which has only a very

Uganda's new vehicle market is a tiny fraction of the total autos sector, with second-hand vehicles still the / only affordable op

Ghana The first signs of BMI's view that the Ghanaian economy will enjoy stellar economic growth over the medium term, propelled b

Overall, growth over the course of 2011 was strong – running at around 6.99%, and bringing the total number of new vehicles sold t

In line with BMI's view that pent-up demand and more fuel efficient vehicles on offer would enable the industry to better prepare

Renewed optimism in the vehicles production segment in the UK could be making way for a gradual revival of the local supplier segm

Egypt’s autos industry remains in the doldrums, with demand for new vehicles remaining depressed owing to a combination of economi

The Turkish Automotive Industry Association (OSD) reported an 8% drop in vehicle manufacturing in January 2012, when compared to t

In line with BMI's view that pent-up demand and more fuel efficient vehicles on offer would enable the industry to better prepare

Singapore's new vehicle registrations in 2011 fell 21% year-on-year (y-o-y) to 47,855 units. Sales were down in all vehicle catego

The Romanian auto industry is currently falling into a standard pattern for countries in Central and Eastern Europe (CEE). Namely,

In 2011, a total of 100,100 passenger cars were sold in Kuwait, according to information from the General Directorate of Traffic c

While the last months of 2011 are reported to have resembled the days of 2008, and the depths of the global financial crisis, BMI

Given the hard-line stance of the regime, along with the West's unwillingness to use military force, we expect economic sanctions

BMI’s research shows that vehicle demand in Ukraine will cool considerably in 2012 as consumers feel the inflationary pinch and be

The political situation in Bahrain appears to be becoming the dominant factor in any reading of the country. A determined uprising

Although we expect the last two months of 2011 were an improvement on October for the domestic market, we have lowered our full-ye

Australian new vehicle sales for 2011 stood at a total of 1,008,437 units, down by 2.6% year on year (y-oy), according to data rel

BMI sees anaemic growth in the sales of new cars in Poland over the course of 2012, at 0.44%, bringing the total to 352,935. This

Spain's macroeconomic backdrop has soured considerably in the past few months as a result of depressed economic activity and confi

BMI remains upbeat on the long-term outlook for Thailand’s auto industry, despite the clear short-term damage that has been caused

BMI believes that the collective labour agreement signed between Fiat and its 86,000 Italian work force / in December 2011 – calli

Autos production in the Czech Republic reached 1.2mn units during 2011, according to estimates from / the Czech Automobile Industr

BMI's forecast for passenger car sales to end 2011 down by around 2%, largely owing to supply issues / for Japanese brands, played

After two consecutive years of strong growth in 2010 and 2011, BMI believes that Russian new vehicles / sales are poised for a mod

With some reservations, 2012 looks likely to be a continuation in good trading for Morocco’s auto / industry, which has been enjoy

The extent of pessimism in the Greek autos market is visible from the fact that car sales failed to pick up / in 2011 despite four

BMI has significantly revised down its Serbian vehicle sales growth forecasts, as we did last quarter, on / the back of the latest

The deteriorating regulatory environment in Argentina and the tightening of import restrictions by Brazil / have prompted BMI to r

BMI foresees new auto sales of 24,037 in Bulgaria over the course of 2012, which will represent yearly / growth of 3.83%. However,

Cumulative new passenger car sales in France just about managed to remain in positive growth territory / during the first ten mont

New car sales in Hungary ended 2011 up a modest 3.7% year-on-year (y-o-y), at nearly 44,925 units, / falling closely in line with

The rapid growth in Indonesia's new vehicle sales may be positive for the major industry players, / encouraging investment in loca

The remainder of 2012 may well be a challenge for the Slovakian auto industry – and this is largely / dependent on economic develo

As expected, growth in China's total vehicle sales was much lower in 2011 than the 32% year-on-year / (y-o-y) recorded in 2010. Sa

There are no comprehensive and reliable vehicle sales and import statistics available for Qatar, which has / only a very small car

The Pakistani auto sector presented a mixed picture as we entered 2012. Looking at data for the first half / of FY12 (July-Decembe

Total new vehicle sales for 2011 stood at 600,123 units, down by 0.8% year on year (y-o-y). This figure / was made up of 535,113 p

The government’s tightening grip on the local autos manufacturing and suppliers network has given BMI / more reasons to be pessimi

Eurozone And EMs Pose Risks To 2012 Growth Outlook; US And / Japan On The Rise / Signs of significant slowdown in the key global a

BMI's view on the outperformance of India's commercial vehicle segment relative the rest of the fourwheeled / market is playing ou

The German autos industry outperformed the overall eurozone in 2011, both in terms of vehicle sales / and production. New vehicle

Despite the relatively high level of vehicle ownership in Sudan (data refer to pre-South Sudan secession), compared with its regio

New vehicle sales in Vietnam fell by 2% year on year (y-o-y) over 2011 to reach 110,020 completely built units (CBUs). This figur

Following the country's natural disasters earlier in the year, new vehicle sales in Japan showed clear signs of recovery in the la

Despite the impact of the Japanese tsunami, BMI expects vehicle sales growth to have reached 17.1% year-on-year (y-o-y) in 2011, r

The number of new vehicles sold in South Africa went up by 11% on a year-on-year basis to 49,499 units for the month of November 2

Vehicle production and sales in Nigeria look set to continue the strong growth seen in 2010 over the next few years. Although BMI

BMI remains highly optimistic about the growth potential of the Colombian autos industry, from the point of view of demand as well

New passenger car sales in Estonia grew a robust 92.0% y-o-y to 19,766 units during 2011 on the back of stellar real GDP growth, e

2011 was a strong year for new car sales in Israel, in line with BMI’s expectations. Looking at January- November data (the most r

Peru is showing signs of becoming one of the most promising auto growth markets in Latin America, thanks to impending regulations,

BMI remains optimistic about the outlook for the Philippines autos market, despite a cumulative 1.9% yo- y decline in new vehicle

Sales of new vehicles in Saudi Arabia have shown steady growth since the slump precipitated by the 2009 financial crisis. BMI esti

Turkey’s auto sector has come of age over the last couple of years and the country has established itself firmly as a regional hub

Die Pläne des britischen Luxus-Autobauer Jaguar Land Rover in den nächsten zwei Jahren knapp GBP350mn zu investieren für ein neues

Egypt’s autos industry remains in the doldrums, with demand for new vehicles remaining depressed by a combination of both economic

News on the ground and official figures corroborate BMI’s outlook for a dip in total vehicle sales in Romania in 2011, driven down

Ukraine has the second largest sales market and one of the largest production capacities in the CEE region. It also has an autos i

Total light vehicle sales in the US were robust in the latter months of 2011, outperforming the largely underwhelming economic dat

Slovenian vehicle production stood at 221,207 units in 2011, according to figures released by the European Automobile Manufacturer

Against a backdrop of continuing political tensions and uncertainty, BMI’s position on economic activity in Bahrain was corroborat

BMI estimates that 2011 will have been a year of moderate growth for the Hong Kong auto industry, with sales growth coming in at a

Given the hard-line stance of the regime, along with the West's unwillingness to use military force, we / expect economic sanctio

Car sales are driving Kuwait’s autos market, with total car sales reaching 91,162 units in 2011. / Commercial vehicle sales are e

The outlook for Thailand’s autos industry has deteriorated sharply over the last quarter as a result of the / devastating floods

Croatia’s new vehicle sales market has witnessed something of a rebirth in 2011, after two consecutive / years of heavy decline.

BMI expects new car sales in the UAE to rebound significantly in 2011, despite the industry having been / impacted by central ban

We expected passenger car sales to end 2011 down by around 2% and results for November and the first 11 months combined are in lin

The most recent sales data available from Australia's Federal Chamber of Automotive Industries (FCAI) for the January-October 2011

BMI still believes positive growth in Czech new vehicle sales is achievable in 2011 based on buying patterns in previous years, w

Cumulative new passenger car sales in France just about managed to remain in positive growth territory during the first ten months

Pessimism in consumer and business sentiment in Italy has prompted BMI to expect modest 3.5% yearon- year (y-o-y) growth in vehicl

At the close of 2011, new car sales look like they have, for the time being, weathered the international economic crisis, which b

New car sales in Poland continued their recent decline throughout the first ten months of 2011, down about 7% y-o-y from 2010, ac

Singapore's new vehicle sales continue to underperform the country's overall retail sector, reflecting the impact of ongoing cuts

Although we expect the last two months of 2011 to be an improvement on October for the domestic market, we have lowered our full-y

A further deterioration in the medium-term outlook for the Spanish economy in recent months has prompted BMI to downgrade its 2012

New vehicle sales in Bulgaria dropped 4.9% year-on-year (y-o-y) to 2,049 units in July 2011, compared with 2,154 units in July 201

With Greek consumers feeling the pinch of newly introduced higher taxes and already high vehicle ownership costs, we believe that

Russia’s membership of the WTO may turn out to be a game changer for the Russian autos industry on the whole and its competitive l

In 2010, a total of 7,467 new passenger cars were sold in Lithuania, an increase of 2.2% year on year (yo- y), according to figure

The Slovakian motor industry is set to have a relatively positive 2012. BMI forecasts that production growth will slow in 2012 to

Hungary’s automotive sector continued to gain ground over the first nine months of 2011, reversing the significant decline witness

BMI expected the recovery of the supply chain for Japanese carmakers to ensure Malaysia's vehicle sales in H211 were an improvemen

BMI has significantly revised down its 2011 Serbian vehicle sales growth forecast to a 12% year-on-year (y-o-y) contraction on the

The strength of private demand continues to boost optimism in the Chilean autos market. New vehicle sales reached a record 372,339

Figures released by the Association des Concessionaires Automobiles d’Algerie (ACAA) show that 226,073 new cars were sold in Alger

Argentina has managed to overtake Mexico in BMI’s Risk-Reward Ratings for the autos industry in the Americas this quarter, primari

Die Auswirkungen der konjunkturellen Abschwächung werden allmählich auch auf dem deutschen Automotive-Markt mit einem verlangsamte

BMI has pointed out that one of the key factors in the market's growth in the previous financial year could serve as a threat in t

Although Indonesia has one of the largest passenger car markets in South East Asia, commercial vehicles have been outperforming th

Following the widespread disruption to the Japanese autos industry caused by the March 2011 earthquake and tsunami, the Japan Auto

A 3% year-on-year (y-o-y) fall in Venezuelan vehicle production during the first nine months of 2011 comes on the back of four con

An imminent slowdown in Brazilian vehicle demand and a potential loss in exports due to the strengthening of the real are beginnin

The stage is set for nearly 10% growth in total vehicle sales in 2011 and for just over 7% growth in 2012, limited by the sluggish

Despite the relatively high level of vehicle ownership in Sudan (data refers to pre-South Sudan secession), compared with its regi

Although Tanzania has the second highest projected average annual GDP growth over the next five years among the East African count

In 2010, 4,976 new cars were sold in Latvia, according to data from the Latvian Authorized Automobile Dealers Association (LAADA).

Although hit by a central bank overhaul of auto finance in May, car sales in the UAE are expected to rebound significantly in 201

Promising new car sales figures, released in April, posting a year-on-year (y-o-y) monthly increase of 32% appear to have heralde

BMI forecasts steady growth in Kuwait’s auto market over the medium term against a backdrop of solid economic growth, strong budg

Bahrain’s auto market continues to hinge on the trajectory of pro-democracy protests and the state response to continuing unrest.

Based on Canada's vehicle sales results for the year so far and potential supply issues for the country's best-selling car, we rev

With passenger car sales in the first seven months of this year reaching 100,402 units, down 0.01% from the same period last year,

The autos industry in Greece continues to reel from the precarious state of the Greek economy. New car sales during the first seve

Although BMI does not see economic growth in Iran surpassing 1.2% in 2011/12 and 2.4% in 2012/13, expansion in economic activity a

Unimpressive growth in incomes, a tough domestic environment and the uncertainty over the eurozone debt crisis continue to discour

The Moroccan auto industry has experienced a positive first half of 2011, in line with BMI’s views, although an 8% fall in new veh

BMI has revised down its vehicle sales forecasts to a more than 15% y-o-y decline in 2011 and expects only a modest 2.6% y-o-y rec

The outlook for Australian new car sales has darkened as we pass the mid-point of 2011. A combination of poorer-than-expected econ

New car sales in Poland continued to slide in the first seven months of 2011, posting a 5.6% y-o-y decline, following a surge in s

New vehicle sales in South Korea were up 4% y-o-y in H111, to 739,197 units, with production up 9.7%, to 2,302,600 units. A six-da

New vehicle sales in Thailand rose 21.1% y-o-y during the first six months of 2011, to 432,021 units. Meanwhile, despite delays to

BMI’s core view about the Brazilian passenger car sales heading for a significant cooling in H211 is beginning to play out. In wha

Hungary’s automotive sector has continued its recovery in Q211. Around 23,110 new passenger vehicles were sold in Hungary in H111,

A recovery in the supply chain for Japanese carmakers, coupled with sustained growth in private consumption, resulted in record ve

Although BMI has revised down its Malaysian passenger car sales growth forecast for 2011 from 4.3% to 2%, amendments to the Hire P

Q211 saw a notable increase in the number of automotive parts manufacturers choosing to invest in Serbia, which BMI has linked to

Although rally in the new vehicle sales in Germany has maintained momentum in H111, we expect growth to soften in the second half

There are no comprehensive and reliable vehicle sales and import statistics available for Qatar, which has only a very small car i

BMI's long-standing view that 2011 will turn out to be a positive year for the Venezuelan autos industry – mostly on the back of t

China's total sales actually fell y-o-y for the second consecutive month in May, prompting a revision of BMI's total vehicle sales

New locally manufactured vehicle sales in Vietnam rose 11% year on year (y-o-y) in the first five months of 2011, to reach 44,966

Strong export and production growth domestically has helped Mexico move up to fourth position in BMI’s Risk-Reward Ratings for the

While India's vehicle sales growth is undoubtedly slowing from the rapid rates of the previous financial year, which ended in Marc

Figures released by the Association des Concessionaires Automobiles d’Algerie (ACAA) show that 131,498 new cars were sold in Alger

Used cars dominate demand in Angola owing to the low affordability levels in the country. The new vehicle market is small and led

According to the African Development Bank, ownership of cars and motorcycles in Ghana has grown by 81% since 2006. The bank's repo

The Japanese auto sector is coming to terms with the effects of the earthquake and tsunami, which hit the north of the country in

As a result of a stronger labour market and higher disposable incomes, BMI expects vehicles sales in Taiwan to increase just over

The first half of 2011 has been a difficult time for companies in Egypt’s auto sector. Political unrest and regime change of the s

Sales in the Nigerian auto sector have still not nearly recovered from the successive y-o-y decreases of over 50% that were regist

The Chamber of Automotive Manufacturers of The Philippines (CAMPI) has revealed that its members’ sales fell 5% year-on-year (y-o-

The National Association of Automobile Manufacturers of South Africa (NAAMSA) reported that vehicle sales in April were up 8% y-o-

Sales in Romania have been hit heavily by the global financial crisis, and this trend does not look like it will let up dramatical

The Hong Kong economy ended 2010 on a strong note and figures released by the government indicate that this momentum shows no sign

The growth in auto sales in Saudi Arabia has recovered from the slump caused by the 2009 financial crisis and BMI forecast that sa

The global financial crisis resulted in a catastrophic crisis in Ukraine auto sector culminating in a collapse of annual car produ

A significant amount of optimism has returned to automotive manufacturing in the UK after the industry bagged two more investment

The recent economic recovery in Bahrain has been put at risk by tensions in the Arab world, which threaten instability and increas

Vehicle sales data for the first four months of 2011 have shown that Greek consumers have given a cold response to the vehicle scr

The imposition of international trade sanctions on Iran has done little to dent the unprecedented expansion of the country’s autom

The downturn in the Italian new vehicle sales market has continued well into 2011. After a near 7% yearon- year (y-o-y) fall in 20

The Kuwaiti auto market is expected to show steady growth through 2011 and into the future, according to the latest forecasts from

The ongoing reduction in the number of Certificates of Entitlement (COEs) available for vehicle purchases and the resulting rise i

A 26% year-on-year (y-o-y) decline in new vehicle sales in the first four months of 2011 has prompted BMI to downgrade its total v

Car sales in the UAE are expected to rebound significantly in 2011 as the UAE's economy recovers from the Dubai debt crisis and ex

New vehicle sales in Australia stood at 1,035,574 units in 2010, an increase of 10.5% year on year (y-oy), according to data relea

Following a 2% rise in Canada's total vehicle sales in Q111, led largely by light trucks, a shift in consumer preference prompted

With Czech passenger car sales in the first four months of 2011 reaching 56,646 units, only 3.7% higher than in the same period la

Final figures for 2010 released by Morocco’s Association of Vehicle Importers (AIVAM) showed that new car sales in Morocco were do

For the second year in succession, production in the Polish automotive industry declined. Statistics from the country’s autos rese

South Korean new vehicle sales for 2010 totaled 1,465,426 units (1,217,764 passenger cars plus 247,662 commercial vehicles), an in

New vehicles sales in Thailand showed significant growth over 2010, rising by 45.8% year-on-year (y-oy) to reach 800,357 units, ac

Prospects for the Bulgarian car industry are picking up with the progress being shown at the Great Wall Motors plant in the countr

BMI view that the Russian autos market is likely to see a quick recovery – on the back of an anticipated increase in government sp

Slovakia has failed to attract any new entrants of late. Indian and Chinese auto companies, which are relatively new in emerging E

In one of the most significant moves in Hungary’s auto sector in recent years, the Hungarian government granted state subsidies of

Strong consumer demand and improved business confidence have resulted in a better-than-expected recovery in German new vehicle sal

Following a record year for vehicle sales in 2010, we expect 2011 to be a tougher year following the Japanese earthquake and tsuna

During the first eight months of FY10/11 (July to February), 146,271 vehicles were produced in Pakistan, representing an increase

There are no comprehensive and reliable vehicle sales and import statistics available for Qatar, which has only a very small car i

Over the long term, the outlook for the autos sector in Serbia is positive. A slew of government regulations towards the auto indu

The outlook for Argentina's auto production is beginning to look optimistic. Thanks to two recent projects – the trade agreement s

In Q111, Indonesia's total vehicle sales were performing in line, if not ahead of our full year forecast. Sales were 29.5% higher

Vehicle sales and production in Venezuela continued a downward trend in Q111, falling 7.2% year-onyear (y-o-y), to 25,790 units, a

BMI continues to remain highly optimistic about Brazil’s vehicle demand potential, despite a 13.5% year-on-year (y-o-y) fall in ve

A number of factors combined to result in production and sales reaching 4.9mn and 4.98mn units respectively in Q111, representing

Total new vehicle sales in India rose 28% in the financial year ending March 2011, which followed record sales for calendar year 2

The Mexican auto industry showed quite a divergence in trends between sales and production in Q111. While an export-led recovery b

New vehicle sales in Australia stood at 1,035,574 units in 2010, an increase of 10.5% year on year (y-oy), according to data relea

Vehicle sales in Indonesia increased by 57% year-on-year (y-o-y), to 764,710 units, in 2010, according to data from the Indonesian

Final figures for 2010 released by Morocco’s Association of Vehicle Importers (AIVAM) showed that new car sales in Morocco were do

BMI believes Hong Kong ended 2010 on a strong note and we expect the solid momentum to have a positive effect for 2011 growth. The

Figures released show that new vehicle sales in Turkey rose sharply by 88% y-o-y, to 58,594 units, in February 2011, according to

Total light vehicle sales in Canada for 2010 finished the year up 6.6% year-on-year (y-o-y), although this was largely owing to a

Sales in Romania have been hit heavily by the global financial crisis, and this trend does not look like it will let up dramatical

BMI expects auto sales in Saudi Arabia to continue their rebound which began last year. Despite sales being hit by the side-effect

BMI expects the market to return to strong growth in 2011, but we doubt it will be able to reach pre-crisis levels in our forecast

A resurgence in demand for light trucks and SUVs in 2010 contributed to the US auto industry's first year of positive sales growth

BMI expects little respite for the Greek automotive market despite the introduction of the vehicle scrappage scheme on February 21

Fiat returned to profitability in 2010, posting a full-year net profit of EUR600mn, compared with the EUR848mn net loss in 2009. M

Kuwait’s auto market is likely to grow at a predictable and stable rate through the course of 2011. Recent BMI figures show overal

BMI fears that a change in Spain's autos dealership law, whereby carmakers have to give authorised distributors a full refund on u

The Dubai Chamber of Commerce and Industry (DCCI) has reported that sales in the UAE have rebounded after taking a significant div

The Iranian auto industry is continuing to progress through a period of rapid expansion, despite the failure to resolve underlying

An economic recovery is under way in Bahrain, which is good news for the auto sector. Our economic outlook for Bahrain sees a stea

Total light vehicle sales in Canada for 2010 finished the year up 6.6% year-on-year (y-o-y), although this was largely owing to a

Automotive production in Poland fell marginally in 2010, by 1.4% year-on-year (y-o-y), to 887,241 units, according to estimates fr

Despite the resilience of its domestic consumers – relative to the broader eurozone, French carmakers are counting on emerging mar

Cumulative new vehicles sales in Thailand showed stellar growth over 2010, rising by 45.8% year-onyear (y-o-y) to reach 800,357 un

South Korean vehicle sales for 2010 totalled 1,465,426 units (1,217,764 passenger cars plus 247,662 commercial vehicles), an incre

Last year was an up and down year for the Bulgarian auto market. Car sales continued to decrease compared with 2009, but towards t

Conditions for the Czech Auto sector should improve as the economy recovers. The new vehicle market in particular is showing cauti

Russian new light vehicle sales – comprising passenger cars and light commercial vehicles – rose 30% year-on-year (y-o-y), to 1.90

France’s PSA Peugeot Citroën, along with Kia Motors and Volkswagen (VW), comprise the backbone of auto production in Slovakia, and

New car sales in Hungary declined nearly 38% y-o-y to 43,476 units in 2010, in what is the sixth consecutive year of falls in the

India's auto sector achieved record growth of 31% year-on-year (y-o-y) in calendar year 2010, with vehicle sales reaching 1.87mn u

New vehicle sales in Malaysia set a new record in 2010, largely as a result of economic stimulus measures, according to the Malays

Final data for 2010 (calendar year) passenger car sales within Pakistan show that a total of 134,757 passenger car units were sold

Several Qatari dealerships reported strong growth in car sales during 2010. Leading the way was Alfardan Automobiles, which had a

The domestic market has been growing slowly since the recession struck Serbia. As Serbia is not a large market in itself, much of

BMI expects Venezuelan new vehicle sales to return to a positive growth rate in 2011 for the first time since Q109, growing 18% ye

A reduction in the number of Certificates of Entitlement (COE) available for vehicle purchases in 2010 has inevitably led to a mar

New vehicle sales in Argentina rose over 43% year-on-year (y-o-y), to 698,299 units, in 2010. While many sales are being boosted b

Last year was marked by Germany carmakers’ involvement in activities, ranging from joint ventures and tie-ups to a focus on altern

Auto production in Mexico enjoyed a better-than-expected recovery in 2010, surging 50% on 2009, mainly on the back of 52% year-on-

A 10.6% year-on-year (y-o-y) rise in Brazil’s new vehicle sales not only makes 2010 the fourth consecutive year of record sales in

China retained its position as the world's largest car market after record new vehicle sales in 2010. Passenger vehicle sales surg

New vehicle sales in Vietnam fell by 6% year-on-year (y-o-y) in 2010 with the Vietnam Automobile Manufacturers Association (VAMA)

Romania's auto industry contributed 6% to the country's GDP in 2009 and had an annual turnover of US$10.86bn. This is expected to

A combination of subsidies and tax breaks on small and fuel efficient vehicles resulted in Japan's first positive vehicle sales gr

New vehicle sales in Taiwan bounced back strongly in 2010, increasing over 17%% y-o-y, to 234,936 units, in the first 11 months of

A serious inconsistency in UK’s electric vehicles (EV) programme came to light in November 2010 when / National Grid CEO Steve Hol

Vehicle production in Slovenia has been remarkably resilient, despite the global economic downturn. The country produced a total o

The auto market in Bahrain is set to show sustained growth in sales over the coming five years. This is driven largely by continue

New vehicle sales in Canada look set to finish 2010 with positive growth, although this will be largelydue to a resurgence in ligh

The Iranian auto industry has continued to expand dramatically into Q111. Production, sales and exports have all continued their u

A 1.1% year-on-year (y-o-y) growth in Italy’s real GDP during the second quarter of 2010 confirms that economic recovery is underw

So far 2010 has been a mixed year for the Moroccan auto industry. The first quarter of the year saw sharp falls in the sales of bo

The Russian auto market has grown well over 2010. Sales for the first nine months of the year are up22%, while the major Russian a

Recovery is continuing in Ukraine and the improved production and sales results prove it. The country saw car sales increase by 31

The Turkish auto industry has continued to develop in a dramatic fashion. Growth has already overtaken many forecasts for the year

The automotive sector in Egypt continues to grow from strength to strength with Q410 being very successful for the industry. A num

The Nigerian government is making a conscientious effort to support the auto industry while it recovers from the knock-on effects

BMI has previously warned that the time taken to implement the new version of the Philippines Motor Vehicle Development Programme

BMI is confident in the success of the Saudi Arabian car market. The market has avoided many of the economic issues which have aff

The South African auto industry has continued its recovery in Q410, despite being rocked by the industrial strike and the introduc

The auto industry in Israel enjoyed a far better year in 2010 than 2009. Recovery is well on its way after sales of 190,705 vehicl

BMI expects the Emirati car markets to rebound in 2010 after a contraction in sales in 2009. Sales in 2009 dropped to an estimated

Saudi Arabia’s automotive market looks likely to post respectable growth in 2010, after sales rose slightly in 2009 despite the ef

New vehicle sales in Hong Kong increased nearly 50% year-on-year (y-o-y), to 18,375 units, during the first six months of this yea

Sales in Romania have been hit heavily by the global financial crisis, and this trend does not look like it will dramatically let

Vehicle sales in Turkey have continued to grow in 2010 as the recovery from the global financial crisis continues. Turkey was nota

So far, 2010 has been a mixed picture for the Bulgarian car market. Car sales have continued to fall compared with 2009, but sales

Vehicle sales in Russia have been on the rebound thanks to ongoing government support in the form of the scrappage programme. Car

The Slovakian economy is beginning to make meaningful economic gains. The global downturn significantly depressed its core export

Pakistan produced a total of 218,300 vehicles in fiscal year 2009/10 (July to end June), up 32.2% from 165,158 in fiscal year 2008

In its latest Argentina report, BMI highlights some of the major internal and external risks that the country’s auto sector faces

In common with most countries, Algeria experienced a poor year for car sales in 2009 (and by extension, imports) owing to the effe

Indonesia's auto sector continues to thrive on domestic demand, with sales in H110 rising 76% year-onyear (y-o-y) to 370,208 units

India's new vehicle market is facing a number of threats in FY11 (ending March 20110, not least rising raw material costs, which h

Chinese passenger car sales growth of 10.9% year-on-year in June, the lowest in 14 months, suggests BMI's expectation of a slowdow

Vietnam's new vehicle market is characterised by fluctuating tariffs, which often make it hard to identify sustainable sales patte

Supported by the strength of the private consumption and availability of credit for vehicle purchases, Brazil’s auto industry shif

Mexico has inched nearer to becoming Latin America’s largest vehicle market, Brazil, in BMI’s Business Environment Rankings for th

The global economic crisis was a blow for Egypt’s automotive sector, but it was not as badly affected as in many other countries.

Nigeria’s automotive market took a huge knock from the global economic crisis, and while it is recovering, the pace is slow. Domes

Just how keen Philippines is on becoming a major force in the ASEAN auto sector is evident from the fact that the country's Board

After a sharp drop in sales in 2009 in the wake of the global financial crisis and recession, South Africa’s vehicle market is on

Taiwan is aiming to become one of the world's top five electric vehicle (EV) producers by offering subsidies to EV manufacturers,

The Automotive Manufacturers and Importers Association (APIA) in Romania has said that new car sales are not expected to exceed 10

Just as European carmakers seemed to be settling into a period of improved finance and an upturn in the market, the Greek debt cri

Saudi Arabia’s automotive sector is once again looking forward to positive prospects, as the economy picks up from a sharp slowdow

Vehicle sales in Turkey reached 103,036 units in Q110, up 6.82% year-on-year (y-o-y), according to the World Bulletin. This follow

The worsening economic downturn in Bulgaria continues to squeeze the auto market. With a shortage of / consumer loans, demand for

The Slovakian auto sector is on course for growth, as the country remains an important production hub. / This is evident from VW’s

Pakistan’s car sales for the first six months of FY09/10 have increased 27.62% year on year (y-o-y), to 53,565 units. October 2009

The Russian automotive sector is still suffering from the effects of the country’s deep recession, though there are signs that rec

The Czech Republic continues to deal with the after-effects of the global economic downturn that began in late 2008. Gross domesti

The slide in the number of new autos on the road in Hungary does not show any signs of easing. In Q110, new car registrations fell

Serbia's auto industry has experienced a slump in the wake of the global economic crisis, but is already recovering positively. BM

In 2008, new vehicle imports (and, by extension, domestic sales) reached a total of 247,409 units, according to the Association de

The recovery in Canadian vehicle sales recorded in the latter months of 2009 has been sustained into 2010, although the first sig

We expect a 5% rise in new vehicle sales in 2010, to a total of just below 980,000 units. This forecast may appear conservative,

Auto sales have been rising in Poland, according to preliminary data from the Central Register of Vehicles (CEP). New car sales r

There are no comprehensive and reliable vehicle sales and import statistics available for Qatar, which has only a very small car

We have substantially revised upward our expectations of sales growth in South Korea’s auto market in 2010. We now anticipate tha

New vehicles sales in the first three months of 2010 underwent a dramatic recovery, rising 54.8% yearon- year (y-o-y) to a total

Despite significant improvement in the global economic outlook, BMI remains concerned that the operating environment is likely to

Nigeria has a fledgling auto sector, both in terms of production and sales. According to our estimates, Nigeria produced a meagre

The shopping spree among Filipinos to replace flood-damaged vehicles during the last quarter of 2009 resulted in the industry outp

The South African automotive industry has suffered in the wake of the global economic crisis, with average production capacity usa

The rebound in overall economic activity in Q309, along with a TWD30,000 (US$909) reduction in commodity tax on vehicle purchases,

Competition in Brazil’s commercial vehicle segment has never been tougher. With the country hosting the FIFA World Cup in 2014 and

Japan's automotive industry appears to be turning a corner after posting its worst sales for 38 years in 2009. New vehicle sales,

Although Mexican autos demand looks set for a positive growth in 2010, any expectation that demand in domestic recovery is likely

Vietnam's automotive industry rode a rollercoaster in 2009 as increased taxes brought sales down earlier in the year, only for tax

Much is being done by governments across Europe to boost their green credentials and the UK is no exception. In February 2010, the

Egypt’s economy has been sheltered from the worst of the financial crisis, and its recovery continues to gain momentum. This year,

The UAE car market is expected to grow in 2010, as it recovers from the impact of the global financial crisis and the country's re

Romania’s automotive sector had a mixed year in 2009, with the fortunes of the domestic market and those of exporters diverging gr

Turkey’s automotive sector is likely to show a modest recovery in 2010, as it feels the effect of renewed economic growth and cont

In this latest report BMI has introduced Greece to its Business Environment Ratings for the autos industry in Europe. Due to the l

In what BMI sees as a classic example of industrial logic versus government policy, the Italian autos industry finds itself strang

Sales of new vehicles in Thailand's domestic market fell 10.8% in 2009, to a total of 548,871 units, according to the Federation o

There was little in the way preventing French consumers buying new cars during 2009. Despite an estimated 2.2% year-on-year (y-o-y

The Spanish autos industry is bracing itself for yet another difficult year in 2010, despite the extension of the vehicle scrappag

Car sales fell in Kuwait in 2009 to 119,133 units, from 122,623 in 2008, according to BMI. The impact of the international economi

China's auto industry may have sustained its rapid growth heading into 2010 with production and sales both up over 70% in Q110, bu

The small car segment continues to be the area of focus in India's automotive industry, helping to generate a 19% year-on-year (y-

Japan's new vehicle sales fell to the lowest level in 38 years in 2009, despite a late rally kick-started by government incentives

Sales of domestically produced vehicles rallied in the latter months of 2009 thanks to tax cuts on the purchase of passenger cuts.

In our latest Brazil Autos Q2 2010 Report, BMI has extended its coverage to the motorcycle segment, where we have briefly discusse

Consumer lending, which BMI believes was a major driver of the average 5.0% year-on-year (y-o-y) growth levels in private consumpt

The Czech Republic has one of the lowest risk levels of systemic economic crisis in Emerging Europe. However, it faces headwinds o

New vehicle sales in Hungary continue to fall dramatically. New car registrations in Hungary plummeted 63% year-on-year (y-o-y), t

Serbia's auto industry has experienced a slump in the wake of the global economic crisis, but is already recovering positively. BM

Although the Greek economy outperformed the eurozone's -4.1% y-o-y growth in 2009, BMI forecasts a reversal in 2010, with the Gree

The Greek debt crisis has raised fears of contagion effects in Spain alongside Portugal and Ireland, making European carmakers con

Serbia's auto industry has experienced a slump in the wake of the global economic crisis, but is already recovering positively. BM

In 2008, new vehicle imports (and, by extension, domestic sales) reached a total of 247,409 units, according to the Association de