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Forecasting passenger car registrations in the Euro Zone requires analyzing a blend of Macroeconomic factors such as production expectations, freight volume from China, and surveys such as Intention to Buy A Car Within the Next 12 Months.
Assessing and anticipating these factors is vital for anticipating market trends in the passenger car industry.
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This variable provides valuable insights into the expectations and sentiment of the manufacturing sector.
The production expectations captured in the industry survey reflect the anticipated level of manufacturing activity in the Euro Zone.
This variable typically does not have a direct causal relationship with the passenger car registrations.
However, its relationship with automotive production is a factor that is worth considering.
This variable provides insights into the intentions of individuals in the Euro Zone regarding car purchases within the next 12 months, which can directly impact new passenger car registrations.
Challenge
Minimize forecast error margin, and extend coverage of more markets for both demand and production.
Solution
Using Indicio, there is now a continuous forecasting minimized error margin, they've identified new and stronger market leading indicators, improving forecast accuracy, and have established a structured forecasting process for all markets.
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