Consequences of the ECB decision on the automotive production and automotive market in the Euro zone (3/3-imports)
 

Which countries and carmakers export vehicles to the Euro zone? The two countries that have the highest export volume are two EU countries, the Czech Republic and the United Kingdom, followed by Turkey and Japan.


Regarding carmakers, the Czech brand Skoda (VW Group) is the first vehicle exporter to the Eurozone ahead of the Romanian Dacia (Renault-Nissan group). These two carmakers are in theory a little more under the influence of the Euro currency fluctuations because they put the sale price of their vehicles as an important differentiating factor compared to other generalist carmakers. Four other carmakers, Nissan (in UK), Fiat (in Poland and Serbia), Hyundai (in the Czech Republic and Turkey) and Toyota (in Czech Republic and Turkey) may also be influenced by the decision of the ECB.


At the end, registration levels and thus future production will depend on the strategies adopted by each carmaker (mainly European and Asian), as they choose to update their prices upwards, take up the additional production costs or even to see production volumes in countries outside the euro zone decrease (by vehicle transfers or plant closures).


15-03-9  

 

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