Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: Over the past quarter, we have become increasingly bearish on the short-term outlook for new
vehicle sales. We now forecast a 30% fall in sales over 2016, although luxury brands will outperform.
? Most Kuwaitis are putting off new vehicle purchases at the current time, given continued low oil prices, a
sluggish economy and the likelihood of higher interest rates as we move into 2017.
? This has seen most of the volume carmakers selling in Kuwait see double-digit sales declines over 2016
? Our view that Kuwait will retain strong demand for luxury cars has been borne out by the relatively
strong performance of luxury brands compared to volume marques over 4M16.