Czech Republic Automotive Industry Sector Analysis

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A region known for Skoda cars, Zetor tractors, and Tatra trucks, The Czech Republic has become the major car manufacturer in the Central/Eastern European region. With new auto investments in neighboring Slovakia, Hungary and Poland, this region is fast becoming the Detroit of Europe. U.S. businesses are already capitalizing on this progress - a significant number of U.S. companies have established branches here to supply the region and even the rest of Europe. Although EU accession gives European competitors a slight tariff advantage, the decline in the U.S. dollar makes U.S. supplies very price competitive today. U.S. companies that might not have been price competitive two years ago should take another look at this market sector, which Commercial Service Prague has made one of its top priorities this year.

 

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