According to the Hong Kong Department of Transport (HKDT), vehicle sales for the first four months of 2014 came in at 15,040 units, an increase of 6.1% year-on-year (y-o-y). This figure consists of new private car registrations, new goods vehicle registrations and new private light bus registrations.

BMI Industry View 7

SWOT 8

Political 10

Economic 11

Business Environment 12

Industry Forecast 13

      Table: Autos Total Market - Historical Data And Forecasts (Hong Kong 2012-2018) 13

      Table: Passenger Car Market - Historical Data And Forecasts (Hong Kong 2012-2018) 13

      Table: Commercial Vehicle Market - Historical Data And Forecasts (Hong Kong 2012-2018) 13

      Table: Motorcycle Market - Historical Data And Forecasts (Hong Kong 2012-2018) 14

Sales 14

Passenger Vehicles 19

      Table: Passenger Car Market - Historical Data And Forecasts (Hong Kong 2012-2018) 19

Macroeconomic Forecasts 22

Economic Analysis 22

External Trade Not What It Seems 22

Property Correction Informs Below Consensus Forecast 24

Expenditure Breakdown 24

      Table: Hong Kong - Economic Activity 25

Industry Risk Reward Ratings 26

      Table: BMI Industry Risk/Reward Ratings - Asia-Pacific Autos 29

Company Profile 30

Company Monitor 30

Crown Motors 34

Mercedes-Benz Hong Kong 36

Sime Darby China 37

Regional Overview 39

Asia Regional Overview 39

      Table: Vehicle Sales March 2014 (Cbus) 39

Global Industry Overview 44

      Table: Passenger Car Sales March 2014 44

European Growth Gathers Momentum 44

Japan Prepares For Tax Fallout 46

China Wobble Adds To BRIC Weakness 47

Demographic Forecast 50

      Table: Hong Kong's Population By Age Group, 1990-2020 ('000) 51

      Table: Hong Kong's Population By Age Group, 1990-2020 (% of total) 52

      Table: Hong Kong's Key Population Ratios, 1990-2020 53

      Table: Hong Kong's Rural And Urban Population, 1990-2020 53

Methodology 54

Industry Forecasts 54

Sector-Specific Methodology 55

Sources 55

Risk/Reward Ratings Methodology 56

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 57

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