According to the Hong Kong Department of Transport (HKDT), passenger car sales for the first 10 months of 2013 year rose 7.0% y-o-y, to 31,065 units. Due to the strong performance for the year thus far, we have upgraded our full-year sales growth forecast to 5.0% y-o-y, to 37,469 units, from 3.0% previously.

BMI Industry View 7

SWOT 9

Political 11

Economic 12

Business Environment 13

Industry Forecast 14

Sales 14

      Table: Hong Kong Automotive Sales, 2010-2017 14

      Table: Monthly Passenger Car Sales, Units, 2013 15

      Table: Monthly CV Segment Sales, Units, 2013 15

Industry Developments 19

Passenger Vehicles 21

      Table: Top Selling Car Models, January-October 2013 22

Macroeconomic Forecasts 24

Industry Forecast 24

Property Risks Growing, Financial Services Support Weakening 24

Mainland Exposure On The Rise 26

Government Consumption 28

Gross Fixed Capital Formation 28

Net Exports 28

      Table: Hong Kong - Economic Activity 28

Industry Risk Reward Ratings 29

Asia Pacific - Risk/Reward Ratings 29

      Table: Asia Pacific Autos Risk/Reward Ratings 32

Company Profile 33

Company Monitor - Mazda 33

Crown Motors 38

Mercedes-Benz Hong Kong 40

Sime Darby China 41

Regional Overview 43

Asia Pacific Overview 43

      Table: Selected Asia Pacific Countries' Vehicle Sales, September 2013 And Full-Year 2013 (CBUs) 43

Global Industry Overview 50

Demographic Forecast 54

Demographic Outlook 54

      Table: Hong Kong's Population By Age Group, 1990-2020 ('000) 55

      Table: Hong Kong's Population By Age Group, 1990-2020 (% of total) 56

      Table: Hong Kong's Key Population Ratios, 1990-2020 57

      Table: Hong Kong's Rural And Urban Population, 1990-2020 57

Methodology 58

Industry Forecasts 58

Sector-Specific Methodology 59

Sources 59

Risk/Reward Ratings Methodology 60

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 61

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