DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8216ca/singapore_autos_re) has announced the addition of the "Singapore Autos Report Q3 2011" report to their offering.
Business Monitor International's Singapore Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's automotive industry.
The ongoing reduction in the number of Certificates of Entitlement (COEs) available for vehicle purchases and the resulting rise in premium continues to impact sales after a weak year for the sector in 2010. Sales for Q111 show that a recovery is a long way off and we have revised downwards our forecasts for 2011 and the remainder of the forecast period to 2015.
As the COE quota for February to July 2011 has been cut again, to 22,368, from 23,063 in August 2010- January 2011, BMI's Asia team expects a further contraction of the car loan market in 2011. For those who are not reliant on credit, however, the inevitable further increase in COE cost will be less of a deterrent and anecdotal evidence suggests dealers in Singapore are turning towards premium brands to improve their business. This has been reflected in our forecast revisions, which now envisage a decline of at least 35% in the small car market (including taxis), as opposed to a 25% drop for the larger car segment. In Q111, sales of smaller cars were down by 55%, compared with a drop of 43.5% for the larger segment, which this research believes supports the view of a shift towards higher end cars, despite the size of the contraction.
The commercial vehicle segment is faring relatively better, with sales for Q111 down just 11.5%. This report believes the investment in public transport will support a mild recovery for commercial vehicles, with Daimler's contract win for 300 buses in April providing evidence of this. The buses will be made at the EvoBus facility in Germany and will comply with Euro 5 emission standards. SBS Transit will use all 300 buses for public transportation in Singapore, which means they will count towards domestic registrations.
Key Topics Covered in this Comprehensive Report:
SWOT Analysis
Political
Economic
Business Environment
Global Overview
Industry Business Environment Overview
Asia Pacific Regional Overview
Macroeconomic Forecasts
Industry Forecast
Company Profiles
Methodology
Companies Mentioned:
Toyota
BMW
For more information visit http://www.researchandmarkets.com/research/8216ca/singapore_autos_re