BMI View: The Argentine economy faces significant headwinds in 2016 with a minor recessionary outlook
forecast for the year. Currency devaluation will boost competitiveness of the country's exports while
increased cost of foreign goods will weigh in on demand. Neverth ..."
BMI View: Argentina's strong recovery in sales to dealerships in 2016 will be predominantly driven by
dealerships restocking imported models rather than a robust recovery in consumer or business demand for
vehicles. A more sustainable growth in demand will emerge in 2 ..."
BMI View: Despite the ongoing slump in copper prices, and the knock-on effect this is having on
production of the industrial metal in Chile, the freight transport sector is expected to enjoy positive growth
in volumes in 2016 and through to 2020. This will be driven ..."
BMI View: We are maintaining our vehicle sales and production forecasts for Brazil in 2016 with both now
forecast to contract 16.2% to 2.15mn and 2.06mn units respectively. Added political uncertainty after
President Rousseff's impeachment is exacerbating the pace of ..."
BMI View: Import controls and another year of economic recession will provide the main drags on vehicle
sales. As such, we forecast a forecast contraction of 28.8% in vehicle sales in 2016, reaching 57,918 units.
? Worsening trade balance due to the oi ..."
BMI View: Venezuela's automotive industry will continue to operate at rock bottom levels as sales and
production contract in 2016. Limited access to foreign currency will drag on auto companies importing
operations keeping the components and completely built-up vehicl ..."
BMI View: The Peruvian freight transport and shipping sectors have been bolstered by improving
fundamental - particularly the buoyant levels of private consumption - which should translate to positive
growth for trade activity in 2016 and over the medium term to 2020. ..."
BMI View: The recent corruption scandals at a time of economic contraction have severely hampered
economic prospects in Brazil. We are now expecting a 4% contraction in terms of real GDP in 2016,
following a contraction of 3.8% in 2015. The road freight sector, accoun ..."
BMI view: As a result of Argentina's decision to float the peso in December and its subsequent depreciation
against major currencies, sales volumes will continue declining in 2016. The weak peso will raise prices of
imported vehicles and components but reinvigorated d ..."
BMI View: We are further revising down our vehicle sales and production forecasts for Brazil in 2016 with
both now forecast to contract 16.2% to 2.15mn and 2.06mn units, respectively. Added political uncertainty
from President Rousseff's possible impeachment is exacer ..."