South Korea Autos Report Q4 2016

South Korea Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262262
Pages: 34
Format: PDF
Delivery: Immediate download

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BMI View: Despite low interest rates resulting in cheaper auto loans, high household debt levels will dampen passenger vehicle sales. A relatively strong Japanese yen will favour Korean export;, however, we believe the slowdown in China will continue to place downwards pressure of domestic production levels.

Key Views
• Low interest rates will make access to vehicle finance cheaper and will support total vehicle sales.
• Government has announced stricter emissions regulations for 2017.
• Slow uptick in construction industry growth due to the hosting of the 2018 Winter Olympics will provide a slight boost to commercial vehicle sales.
• Slowdown in China will drag on exports and total vehicle sales.

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By market: South Korea (in Asia)

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