Colliers International today released its Q2 2016 Market Overview for the Czech Republic. The report covers the investment, office, and industrial markets in Prague and throughout the Czech Republic.
Following a long decline, Europe’s once-mighty volume midsize segment is on track for a second consecutive year of rising sales as new models from Skoda, Renault and Toyota lift the sector.
Growth in the Slovak economy, which depends heavily on its auto industry, will slow by 0.1 to 0.2 percentage points this year and by up to 0.3 percentage points in 2017 as a result of the UK’s decision to exit the EU, the country’s finance ministry said.
June new-car sales across western Europe rose by 5.7 percent year on year, LMC Automotive said on Wednesday, despite the first contraction in demand in the UK since last October.
LMC Automotive has changed the forecast of light vehicle sales for the next three years in response to the outcome of the referendum on the withdrawal of Great Britain from the European Union.
The United Kingdom’s stunning decision to abandon the European Union could slash automakers’ profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, top managers warned.
According to Colliers International’s latest research, shifts in economic power and manufacturing capacity over the last two decades have significantly impacted the demand and distribution dynamics of the automotive sector globally.
Average wage in the Czech Republic increased by Kc875 year on year to Kc26,287 a month in the second quarter of this year, nominal growth reached 3.4 percent and real growth 2.7 percent, the Czech Statistical Office (CSU) announced this week.
New-car sales in Russia are expected to fall 36 percent this year, the Association of European Businesses (AEB) lobby group said on Wednesday, a more pessimistic forecast than it had previously given.
Czech new-car registrations jumped 17 percent in 2014 to a record high of 192,314 units, with more growth seen this year, the country’s Car Importers’ Association said.
Opel CEO Karl-Thomas Neumann has warned top managers that the General Motors unit’s 2016 profit target is under threat from economic setbacks, according to German daily paper Bild.
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