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South Korea Autos Report Q1 2013 - Product Image

South Korea Autos Report Q1 2013

  • Published: January 2013
  • Region: South Korea
  • 73 pages
  • Business Monitor International


  • Company Monitor
  • Company Profiles
  • Hyundai Motor
  • Kia Motors
  • Renault Samsung Motors
  • Ssangyong Motor
  • MORE

Data throughout 2012 showed that sales of South Korea's five domestic brands were subdued, thereby dragging down production. Despite healthy overseas demand, we forecasted that total sales would drop over 8% in 2012, with 1.35mn units shifted. This prompted BMI to revise sales and production forecasts for the year downward in our last quarterly report. On the upside, our export projections improved,
although we stated that demand in Europe would remain the biggest threat to our outlook, and that the forecast for 9.5% growth in exports would not be enough to prevent a contraction in output. Things have not changed greatly in Q412.

This quarter we are maintaining our 2012 vehicle sales forecasts of 1.35mn units. BMI forecasts 2013 vehicle sales to grow at a lackluster 3.4% and come in at 1.39mn units due to the high level of consumer debt and poor economic sentiment which will crimp private consumption. Consumer confidence is not expected to improve going into next year and our country risk team forecasts 2013 GDP growth of just 3.0%. Hence, we are not bullish on growth for 2013 vehicle sales.

According to a report released by South Korea's Ministry of Knowledge Economy, READ MORE >

Executive Summary 5

SWOT Analysis 8

South Korea Autos Industry SWOT 8

South Korea Political SWOT 9

South Korea Economic SWOT 10

South Korea Business Environment SWOT 11

Global Overview 12

UK Boosts Europe, But Favourites Still Outperform 12
Table: Passenger Car Sales 8M12 12

Incentive Boom For Japan, US Powers On 13

Industry Risk/Reward Ratings 17
Table: Business Environment Ratings - Autos Industry Asia Pacific 20

Regional Overview 21

Japanese Autos: Outlining The Bear Case Alternatives 21

Macroeconomic Forecast Scenario 27
Table: South Korea - Economic Activity, 2011-2016 30

Industry Forecast Scenario 31

Sales And Production 31
Table: South Korea Automotives Sales, 2010-2017 31
Table: South Korea Automotives Production, 2010-2017 32

Trade 37
Table: Trade, 2010-2017 37

Competitive Landscape 40

Market Overview 40

Industry Developments 40

Company Developments 42

Renault To Decrease European Reliance 49

Company Briefs 50

Company Monitor 54

Mercedes Takes Knocked-Down Route To Asia 54

Company Profiles 56

Hyundai Motor 56

Kia Motors 60

Ssangyong Motor 63

Renault Samsung Motors 65

Demographic Data 67
Table: South Korea's Population By Age Group, 1990-2020 ('000) 68
Table: South Korea's Population By Age Group, 1990-2020 (% of total) 69
Table: South Korea's Key Population Ratios, 1990-2020 70
Table: South Korea's Rural And Urban Population, 1990-2020 70

BMI Methodology 71

How We Generate Our Industry Forecasts 71

Sources 72

Company Monitor
Mercedes Takes Knocked-Down Route To Asia
Company Profiles
Hyundai Motor
Kia Motors
Ssangyong Motor
Renault Samsung Motors

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