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Automotive Report Norway

  • ID: 2101544
  • Report
  • Region: Norway
  • 12 Pages
  • The Economist Intelligence Unit
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Personal disposable income per head in Norway is high, at an estimated US$37,570 in 2018. This translates into high levels of car ownership, despite elevated prices and government policies that (to some extent) discourage the use of personal transport.

New passenger-car registrations fell by 6.8% year on year in 2018, to 147,929 units, according to the European Automotive Manufacturers' Association (ACEA). The decline follows 2.6% growth year on year in 2017, when sales hit their highest level since 1986. The Economist Intelligence Unit expects sales to register growth of 5.1% this year, followed by another decline in 2020. Over the forecast period as a whole, sales will rise at a compound annual growth rate (CAGR) of 1.3%, weighed down by restrictions on the use of diesel cars.

Although new-car sales are at near-record levels, annual commercial vehicle (CV) sales remain well below their 2007 levels, leaving room for catch-up growth. Following a recovery in 2015-16, they fell back marginally in 2017, only to rebound strongly in 2018 and even more strongly in the first few months of this year.

Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles, Automotive, Production
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Note: Product cover images may vary from those shown
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Automotive Report Norway

Automotive report: Overview

Automotive report: Passenger cars

Automotive report: Commercial and other vehicles

Automotive report: Production

Automotive report: Fuel sources
Note: Product cover images may vary from those shown
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