BMI View: This quarter, we have lowered our forecast to an 8.3% fall in new vehicle sales across 2016,
against a backdrop of slowing demand, rising interest rates and sluggish economic growth.
- 5M16 new vehicle sales figures bear out our pessimism ..."
BMI View: We expect a further contraction in the total vehicle market in 2016, led by a 10% decline in
passenger car sales as a weak economy filters through to consumers.
? Commercial vehicle sales will outperform passenger cars against a weaker econom ..."
BMI View: A combination of tougher import regulations and a slowing economy continue to weigh on the
outlook for the Omani new vehicle sales market in 2016. We expect a slight rebound in new vehicle sales
growth (3.7%) in 2016, led by the luxury car segment of the mar ..."
? Omani new passenger car sales have been underperforming commercial vehicles across 2015 amid a
backdrop of weak consumer confidence caused by the prolonged period of low global oil prices.
? In 2016, we expect this position to be reversed, with passe ..."
The year 2014 was a positive year for Omani new vehicle sales, which ended the year up by 8.6% year-onyear
(y-o-y), at 141,646 units, according to BMI calculations based on figures from Oman's National Centre
for Statistics and Information. Passenger car sales were up ..."
Over the first 10 months of 2014, a total of 99,391 passenger cars (PCs) were registered in Oman, according
to BMI calculations based on figures from Oman's National Centre for Statistics and Information. August
(14,576) and September (14,691) were particularly strong ..."
BMI retains its view that new vehicle sales will see essentially flat performance over 2014. 8M14 sales
figures stood at 145,954 units, according to information on the Best Selling Cars Blog website, down by
five units year-on-year (y-o-y). Market consolidation, follo ..."
Omani new vehicle sales reached just under 220,000 units in 2013, representing an increase of just over 8%.
Looking forward, BMI retains a positive view on the outlook for the sales market, forecasting further
growth, of 25.7%, between now and 2018. Moreover, we retai ..."
Final full-year 2013 sales data for Oman were unavailable as this report was being compiled. Consequently,
we leave our forecasts unchanged this quarter, although we have now extended our forecast period out to
2018, when we believe that annual new vehicle sales shoul ..."
BMI retains its optimistic view towards the outlook for new vehicle sales in Oman this quarter, forecasting
a 7.4% increase in 2013, to take annual sales towards the 220,000 unit mark, with risks to our forecast very
much weighted towards the upside.
Indeed, ini ..."