Libya Autos Report Q4 2016

Libya Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262257
Pages: 26
Format: PDF
Delivery: Immediate download

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BMI View: The short-term outlook for new vehicle sales is poor. This remains primarily due to the uncertain security situation, which has now seen most foreign automotive companies leave the market.

Key Views
• We forecast a 13.6% growth in new vehicle sales, to reach over 30,000 units by 2020.
• Most foreign automotive companies have withdrawn their non-Libyan staff entirely from the country, given the ongoing operational and security challenges in the North African state.
• If the security situation stabilises, then the local sales outlook would be better for commercial vehicles than passenger cars, given the need for extensive reconstruction of infrastructure.
• Primarily Asian carmakers (Hyundai, Mazda and Toyota) maintain a local dealership presence.

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Related research categories

By market: Libyan Arab Jamahiriya (in Africa)

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