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 believe that 2016 will remain a challenging year for the Egyptian auto's industry as
economic headwinds facing the country translate into a contraction of 23.6% in vehicle sales reaching
? Worsening currency conditions ..."
BMI View: A weak currency and a shortage of foreign exchange reserves will continue to curtail growth in
the autos market in 2016 as consumers face higher prices for vehicles and domestic producers struggle to
obtain the currency needed to pay for imported kits and co ..."
BMI View: The weaker pound will result in further market contraction in 2016 as both imports and
components for local assembled cars will become more expensive.
? The weaker pound will see market sales decline again in 2016.
? Local manufacturing ..."
BMI View: Without marked improvements in private consumption fundamentals such as employment growth metrics and credit growth indicators, we have revised down our vehicle sales forecast for 2015 to a decline of 6.1%
followed by a 4.2% recovery in 2016 but volumes will not s ..."
While vehicle sales are currently on target to meet our forecast of 13% in 2015, the competitive landscape is
where the shake-up is taking place as a result of Egypt's FTA with the EU. Sales of imported vehicles are
growing at a much faster rate than domestically-prod ..."
Given the incredibly high base of 2014, we do not expect the same levels of growth, which surpassed 50%,
in 2015, but still expect solid double-digit growth of 15% for cars and 10% for light trucks. With the heavier
commercial vehicle market set to benefit from improv ..."
In 2015, economic and political conditions will be even more supportive of sales growth and increased
foreign investment in the sector, which will also buoy the production segment. Given the incredibly high
base of 2014, we do not expect the same levels of growth, but still exp ..."
Conditions for Egypt's new vehicle market are much improved in 2014. With the political situation more
stable and inflation heading lower, we are revising our forecast for passenger car sales upwards to growth of
25.0%. Although we had already expected a better year i ..."
We still think there is reason to believe the situation will improve for carmakers based in Egypt in 2014, as
the country's PMI reading for December 2013 of 52.0 was its joint second-highest in the 32 months of the
survey's existence, following the record 52.5 in Nove ..."