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
- Worsening cu ..."
BMI View: We maintain our view that high inflation, a depreciating naira and the ongoing liquidity crisis
will result in a 45.0% contraction in vehicle sales in 2016.
- A depreciating currency will continue putting upward pressure on the prices of i ..."
BMI View: The poor consumer outlook in South Africa will weigh on passenger vehicle sales as the costs
associated with owning a vehicle continue to rise. The domestic production industry will continue to do well
in the automotive industry as the export market togeth ..."
BMI View: Ethiopia will remain one of the smallest new vehicle markets in the SSA region to 2020, limited
by high taxes and weak consumer spending power. The growth of domestic assembly will alleviate some
pressure but not until the latter years of the forecast period ..."
BMI View: This quarter, we have become yet more negative on the outlook for the Algerian new vehicle
sales market. We have revised down our 2016 sales forecast to a contraction of 65.0%.
? Tough import restrictions and a slowing economy are both posing ..."
BMI View: Growth across all of the Mozambican freight modes will be relatively healthy in 2016, which
offers welcome news amid the overall downturn in the domestic economy. While on the one hand we caution
that the Mozambican government's decision not to honour a USD1 ..."
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%.
? Strong consumer demand and attractive auto financing rates continue to outwe ..."
BMI View: Despite low interest rates resulting in cheaper auto loans, high household debt levels will
dampen passenger vehicle sales. A relatively strong Japanese yen will favour Korean export;, however, we
believe the slowdown in China will continue to place downward ..."
BMI View: This quarter, we maintain our view that Tunisia will see strong double-digit growth in new
vehicle sales over 2016.
? In August 2016, the first shipment of 5,000 'popular cars' (véhicules populaires), which have to be sold
by year-end, ..."
BMI View: Bar the country's shipping sector, which is being particularly hindered by weak consumer
demand and declines in coal production, South Africa's freight modes are all expected to post positive
growth in 2016. However, going forward, risks are considerably to ..."