BMI View: This quarter we maintain our negative near-term view on the UAE autos sector. We continue to
target a 15.0% fall in sales over 2016, although luxury brands will outperform.
? The commercial vehicle segment should outperform over 2016, as heav ..."
BMI View: In response to the government's ongoing austerity as a result of lower oil prices, we have
revised down our total vehicle sales forecast to a contraction of 15.0% in 2016.
? The commercial vehicle segment may outperform over 2016 as heavy veh ..."
BMI View: A combination of a slowing economy, low oil prices and higher local interest rates has led to
BMI adopting a more cautious stance towards the new vehicle sales market in 2016. We expect just 1.0%
sales growth for the sector this year.
BMI View: The combination of strong consumer demand and a growing population provides an
encouraging backdrop for UAE's new vehicle sales prospects in 2016. We are targeting 4.9% sales growth
for the sector.
Table: Key Views
? 2015 has proved another posit ..."
This quarter, BMI maintains its sales forecast of 3% growth for the UAE new vehicle sales market in 2015.
We continue to believe that the combination of a slowing economy in Abu Dhabi and the rising likelihood
of an increase in local interest rates will weigh on the m ..."
BMI has become slightly more cautious on the near-term outlook for the UAE new vehicle sales market.
We are now targeting 3% growth for 2015, down from 5% previously, as the combination of a slowing
economy in Abu Dhabi and the rising likelihood of an increase in loca ..."
BMI View: BMI is targeting 33% growth in new vehicle sales over our newly extended forecast period to
2019, to reach around 539,000 units. Our positive view on the medium-term outlook for the UAE economy
continues to underpin our upbeat stance. Despite the recent fall ..."
New vehicle sales have seen impressive growth in the UAE year-to-date, rising by a reported 12% over the
first eight months of 2014, to 266,257 units. Against this upbeat backdrop, BMI is happy to maintain its
forecast of 10% growth in the UAE new vehicle sales market ..."
UAE new vehicle sales rose by 16.6% in 2013, to reach 362,838 units, according to information from the
Focus2Move website. This strong performance was in line with BMI's thoughts on the subject. Looking
forward, BMI retains an optimistic outlook on new vehicle sales i ..."
Final-year sales data for 2013 were unavailable as this report was being compiled. Consequently, BMI
retains its current forecasts this quarter, although we have now extended our forecast period out to 2018.
Overall, BMI retains an optimistic outlook on new vehicle sa ..."