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Greece Automotive Industry Tuning Products

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Car tuning is an exciting subject and does well when the economy does well. The majority of Greek tuning fans cannot afford large engine cars like found in the U.S.A., however U.S. may find some good opportunities. Automechanika in Frankfurt and Equip Auto in Paris are trade shows where Greek tuning product importers seek new products. U.S. firms participating in these shows stand good chances of being visited by Greek businessmen.

 

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Germany Automotive Original Parts and Equipment - OE

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Sales revenues in the German automotive supply industry continued to grow in 2005, rising by 4% to US- $ 90 billion. This was mainly due to overseas business, which increased substantially, and to the continuing trend towards vehicles with higher specifications. In 2005, sales revenues from foreign business increased by 6 % to US-$ 38 billion, while sales by domestic firms reported a 3% increase to US-$ 51 billion. Overseas business continued to be the main stimulus for German manufacturers, with exports accounting for around 43% of total sales, a new record figure.

 

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China Automotive Market 2006

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China has become the second largest auto consumption market in the world in 2006, with China automobile sales volume reaching seven million1 units. China’s auto industry experienced steady growth in the past year and the import volume accounted for 3% of the total China market.2 According to 2006 customs statistics, from January to October, China imported 181,000 autos, an increase of 41% over the same period in 2005.

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Australia Automotive Parts and Accessories

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This report outlines the market for parts and accessories for motor vehicles classified under HS Code 8708. It encompasses both OEM and aftermarket parts. The Australian Federal Chamber of Automotive Industries identified that for the fiscal year 2006-07 the automotive market reached a record 1,004,097 new cars sold. This is the first time that vehicle sales have been exceeded 1 million in 12-month period in Australia. This is significant as demand for auto parts and accessories is linked closely to the sale of new motor vehicles.

 

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Argentina Auto Industry Attracts More Investments

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Some automakers are transferring investments from Brazil to Argentina to benefit from lower production costs and the rapidly growing domestic market. This is exactly the opposite situation of what happened ten years ago, when the local currency was pegged to the dollar and investments were directed to Brazil.

 

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Venezuela Technical Standards - Radiator Caps

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This report notifies U.S. manufacturers and exporters of motor vehicle radiator caps about changes in the regulations governing this product. On December 29, 2005 the Ministry of Light Industry and Commerce issued Resolution No. 0125 published in the Official Gazette No 38,361 of January 19, 2006.

 

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United Kingdom - An Overview of the Automotive Market

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Automotive manufacturing in the UK generates $98 billion in annual revenue, nearly 5% of GNP, and supports more than 200,000 jobs. Vehicle servicing, parts, maintenance, marketing and distribution together employ an additional 500,000 workers; parts and services has annual revenue of almost $26 billion. The regional center of the automotive industry is the West Midlands where 30% of the industry is based. The UK boasts the world's most successful motorsport industry and a range of smaller producers serve specialty markets such as sports cars, luxury cars, and London taxis.

 

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Turkey Sports and Utility Vehicles

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Few experts would have predicted a growing market for SUVs in Turkey. With dense urban populations and narrow streets, limited parking availability, exceptionally high gasoline prices, combined with an erratic economy. However, with an improved economy and changes in the daily Turkish life-style, the demand for larger and multifunctional vehicles, including SUVs has increased. Previously, only a very limited number of such vehicles were found on Turkish roads. The share of SUV sales in the total Turkish vehicle market used to be around 3%-4% a year. However, this share increased to 4.3% in the first eight months of 2005.

 

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Turkey Automotive Accessories and Specialty Equipment Market

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Very few people would predict a fast growing automotive accessories and specialty equipment market in Turkey, looking at the economic indications, and especially the very low per capita income of the citizens. Plus, Turkey has very strict rules on automobile codes: Legally, one cannot make any modifications on autos. However, Turkey has a very young population: Of the total 70 million people living in Turkey, nearly 50 percent is below the age of 20. Again, of the total population, 5-10 percent handles nearly the half of the total income of the country, and this is the target group of the Automotive Accessories and Specialty Equipment suppliers in Turkey.

 

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Spain Specialty Equipment Industry

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Spain car sales are expected to achieve a new record with volume projected to reach more than 1.6 million units in 2005. The record follows a 9% sales increase that resulted in an unprecedented 1.5 million new passenger vehicle sales in 2004. Small-size cars are the most popular choice of Spanish consumers, although light truck sales are growing rapidly and represented 18% of the total in 2004. Spain is the fifth-largest car market in Europe, trailing Germany, France, the UK and Italy. Spain is among the top five markets for the specialty industry and is therefore very important. “We do more business in Spain than we do in France,” noted Thomas Wunderlich of McGard.

 

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