Canada, Hong Kong and South Korea Autos Report Q2 2016; New Report Launched

Light vehicle sales growth will be limited to 0.5% in 2016 as the slowdown in the hydrocarbon industry spills over to vehicle demand in some of the most oil heavy provinces. Production will be given a boost by the bigger than expected investment by FCA.

Key Views

• Light vehicle sales will grow just 0.5% in 2016 as the effects of low oil prices start to feed through.
• The electric vehicle market will be given a boost by increased incentives in Ontario.
• Higher than expected investment and total new jobs created by FCA will have positive knock-on effect for the production sector.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/canada-autos-report-q2-2016

Growth in the autos market is expected to slow as the city-state faces significant challenges to economic growth over the next two years, including a property price correction and a slowing Chinese economy.

Latest Developments

• The downbeat economic growth outlook will dampen vehicle sales growth over the next two years.
• The cooling property market will have negative wealth effects on consumers.
• The muted construction sector will weigh on commercial vehicle sales growth.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/hong-kong-autos-report-q2-2016

Headwinds, in both the domestic and global economy, will continue to drag on total vehicle sales in 2016 with passenger vehicles and commercial vehicles forecast to grow 1.5% and 2.4% respectively. This in turn will constrain total vehicle sales which will grow 1.6% in 2016 and at an annual average of 2.5% to 2020.

Key Views

• Low interest rates will make access to vehicle finance cheaper and will support total vehicle sales.
• Imported foreign vehicles will remain cheap due to the strength of the South Korean won.
• The won relative to the Japanese yen will increase the price of South Korean vehicles in its export markets.
• Slowdown in China will drag on exports and total vehicle sales.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/south-korea-autos-report-q2-2016