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New Cars in Greece

New Cars in Greece

Summary

New Cars in Greece industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Greece new cars market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market shares consist of motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. Any currency conversions used in this report have been calculated at constant 2016 annual average exchange rates.
- The Greek new cars market had total revenues of $1,810.7m in 2016, representing a compound annual growth rate (CAGR) of 8.8% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 7.8% between 2012 and 2016, to reach a total of 78.9 thousand units in 2016.
- Though growth was recorded in the Greek new cars market, it was somewhat undermined by the country’s deep economic recession, which resulted in the market plummeting by 73% in 2016 compared to its 2004 levels. Furthermore, weak demand of the first years of the economic crisis leading to 2013, resulted in an aging fleet that eventually created a cumulative, inelastic demand for new cars in the last three years. The stabilization of the tax framework for cars over that period, which encourages the purchase of small fuel-efficient cars, has further supported demand.

Scope

- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in Greece
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Greece
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Greece new cars market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Greece new cars market by value in 2016?
- What will be the size of the Greece new cars market in 2021?
- What factors are affecting the strength of competition in the Greece new cars market?
- How has the market performed over the last five years?
- Who are the top competitiors in Greece's new cars market?