Egypt Autos Report Q4 2016

Egypt Autos Report Q4 2016

Published: October 2016
Publisher: BMI Research
Product ref: 262819
Pages: 27
Format: PDF
Delivery: Immediate download

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BMI View: We maintain our view that a liquidity crisis, rising inflation and high unemployment levels will
provide headwinds to growth in the Egyptian auto's industry in 2016, leading to a contraction of 23.6% in
vehicle sales.

Key Views
¦ Worsening currency conditions will see market sales decline again in 2016.
¦ A lack of improvement in private consumption fundamentals will lead to reduced demand for new
passenger vehicles while.
¦ Government commitment to infrastructure development will see the commercial vehicles relatively
outperform the overall autos market.
¦ Foreign currency shortages will continue to hamper local manufacturing.

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