BMI View: We maintain our view that a challenging macroeconomic environment will translate into a
contraction of 22.9% in vehicle sales in 2016. Over the year, a liquidity crisis and tight lending conditions
will limit demand for passenger vehicles, while weak growth ..."
BMI View: We maintain our view that 2016 will see another year of contraction in the autos market due to
the poor economic outlook for the country, caused by low commodity prices, weak domestic demand and
subdued levels of foreign investment.
? W ..."
BMI View: Weak domestic demand as a result of a gloomy economic outlook will see an average decline of
3.4% in vehicle sales over our forecast period to 2020.
Table: Key Views
Vehicle sales will contract by 19.8% in 2016
Deflationary environment poses ..."
BMI View: Lack of cheap financing options and an increase in surtax from 25% to 35% will lead to a
decline in average vehicle sales of 10.7% over the 2015-2019 forecast period.
? Subdued private sector credit growth and a lack of cheap financing optio ..."