Vietnam Autos Report Q2 2013
Report description
Although 2012 sales of VAMA members contracted by 27.0%, we see many signs for optimism in 2013. We forecast VAMA members' sales to grow 6.7% in 2013, to hit 86,000 units on the back of the recent reduction in motoring fees as well as recent policy rate cuts by the State Bank of Vietnam (SBV). Going forward, given our bearish outlook on Vietnamese auto production, we expect auto imports to increase to make up for the rise in demand.
While 2012 was a bad year for auto sales in general, due to Vietnam's banking sector reforms, we believe it was worsened by the government's introduction of fees and taxes to control road congestion. This dissuaded potential buyers from making purchases due to tight credit conditions and onerous fees.
Table of contents
Chapter - BMI Industry View
Chapter - SWOT
SWOT Analysis
Political
Economic
Business Environment
Chapter - Industry Forecast
Table: Vietnam Autos Production, 2010-2017
Table: Vietnam Autos Sales, 2010-2017
Table: Vietnam Autos Trade, 2010-2017
Industry Forecast – Passenger Cars
Table: New Vehicle Sales By Top 10 VAMA Members (CBUs)
Table: Top 10 Best Selling Cars In Vietnam In 2012
Industry Forecast – Commercial Vehicles
Table: Top 5 Companies By CV Sales In 2012
Industry Forecast – Suppliers
Chapter - Macroeconomic Forecasts
Economic Outlook
Ratings Downgrade Failed To Surprise Investors
Early Signs Of A Recovery
Threat Of Slower Growth Yet To Undermine Efforts For Reforms
Expenditure Breakdown
Table: Vietnam - Economic Activity
Chapter - Industry Risk Reward Ratings
Table: Business Environment Ratings - Autos Industry Asia Pacific
Chapter - Competitive Landscape
Table: New Vehicle Sales By Top 10 VAMA Members (CBUs)
Table: Top 10 Best Selling Cars In Vietnam In 2012
Table: Top 5 Companies By CV Sales In 2012
Chapter - Company Profile
Company Monitor
GM Vietnam
Mercedes-Benz Vietnam
Automotive Asia Ltd
Chapter - Regional Overview
Asia Overview
Thailand: Sales And Production Will Continue Posting Healthy Increases
Malaysia: Sales To Grow And Production Finally More Stable
Sales
Australia: Sales To Contract Due To Tough Macroeconomic Conditions
Japan: Bearish On Sales, Production To Remain Subdued
China: Rebalancing Story To Favour Passenger Cars
India: Government Regulatory Risks In Play
Chapter - Global Industry Overview
Table: Passenger Car Sales, Units, 2012
Japan To Contract, But US Safe (For Now)
Europe Over The Worst?
Even Russia Will Hit The Brakes
Chapter - Demographic Forecast
Vietnam Demographic Forecast
Table: Vietnam's Population By Age Group, 1990-2020 ('000)
Table: Vietnam's Population By Age Group, 1990-2020 (% of total)
Table: Vietnam's Key Population Ratios, 1990-2020
Table: Vietnam's Rural And Urban Population, 1990-2020
Chapter - Methodology
How We Generate Our Industry Forecasts
Automobile Industry
Sources
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