BMI View: This quarter we maintain our negative near-term view on the Saudi Arabian autos sector. We
continue to target a 26.2% fall in sales over 2016, although certain luxury brands may outperform.
? The commercial vehicle segment will underperform o ..."
BMI View: The most prescient factor underpinning our growth forecasts for the freight sector and the
wider economy is the current low oil price, which dominates government decision making. The low price
has led to production being decreased, therefore we expect the Sa ..."
BMI View: This quarter, we retain our positive view on the Serbian new vehicle sales market, targeting
20.2% growth for 2016. Low interest rates and a recovering economy continue to underpin demand.
? Fiat Chrysler Automobile Serbia's plan to lay off n ..."
BMI View: Growth across the various Saudi Arabian freight modes is set to be relatively healthy, with rail
once again leading the way by some margin in y-o-y terms, driven by infrastructure projects that require
the transportation of heavy goods, such as metals. Meanw ..."
BMI View: In response to the government's prolonged austerity as a result of lower oil prices, we have
revised down our total vehicle sales forecast to a contraction of 26.2% in 2016, led by a 30.0% drop in
commercial vehicle sales, while passenger vehicle sales will ..."
BMI View: The combination of a slowing economy, lower oil prices and higher local interest rates has led
to BMI adopting a more cautious stance towards the Saudi Arabian new vehicle sales market in 2016. We
expect a decline of 1.8% sales growth for the sector this yea ..."
BMI View: We expect growth across all freight modes in 2016, with rail driven by the completion of large
projects and outperforming. Road freight will lose market share over rail, however it will remain the
dominant mode. Throughput volumes at Saudi Arabia's main port ..."
Before 2010, Saudi Arabia had a small railway network, with a 278.9 miles passenger line and a 556-km freight line, linking Riyadh and Gulf port of Damam via Haradh. Until 2010, the railways were the least developed means of transport in the country.
However, since 201 ..."
? 2015 has proved another positive year for Saudi Arabian new car sales, which should be on track for at
least 870,000 units sold by year end.
? Looking forward, BMI remains optimistic on the medium-term outlook for the sector, targeting 18.5%
BMI View: The outlook for the Saudi Arabian freight transport sector is somewhat mixed in the near term,
as the impact of the oil price collapse in 2014 makes itself felt in the economy. Road haulage volumes,
which cater primarily for the domestic market, will see the ..."