Middle East And North Africa Autos Report Q4 2016

Middle East And North Africa Autos Report Q4 2016

Published: October 2016
Publisher: BMI Research
Product ref: 263200
Pages: 18
Format: PDF
Delivery: Immediate download

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BMI View: Regional vehicle sales will contract 8.1% in 2016 as the GCC states suffer in the low oil price environment, before a recovery in 2017 as consumers bring forward purchases before these same states introduce VAT in 2018. Morocco and Tunisia will lead a much stronger North African performance, which will buoy the region to some extent.

Key Views ¦ Downgrades to the vehicle sales forecasts for the GCC states has resulted in a contraction of 8.1% for the region in 2016. ¦ North Africa will be the best performing sub-region in MENA, led by Morocco and Tunisia. ¦ Morocco is becoming the vehicle manufacturing hub of the region as investment continues to flow in from the vehicle and component side.

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