Morocco Autos Report Q4 2016

Morocco Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262258
Pages: 38
Format: PDF
Delivery: Immediate download

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BMI View: This quarter, we maintain our view that Morocco will be the fastest-growing North African autos market. We have revised up our 2016 sales growth forecast to 31.2%.

Key Views
• Strong consumer demand and attractive auto financing rates continue to outweigh a somewhat downbeat short-term economic outlook for Morocco.
• Increased domestic production will also help local sales over the medium term, with PSA Groupn due to join its rival Renault in country by 2019
• Dongfeng Yangtse's USD101.4mn investment to set up electric bus production will add high-value manufacturing to the Moroccan autos industry and continue to boost its attractiveness as investment destination for foreign automakers.

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By market: Morocco (in Africa)

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