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BMI View: The short-term outlook for new vehicle sales is poor. This remains primarily due to the
uncertain security situation, which has now seen most foreign automotive companies leave the market.
? We forecast a 13.6% growth in new vehicle sales, to reach over 30,000 units by 2020.
? Most foreign automotive companies have withdrawn their non-Libyan staff entirely from the country,
given the ongoing operational and security challenges in the North African state.
? If the security situation stabilises, then the local sales outlook would be better for commercial vehicles
than passenger cars, given the need for extensive reconstruction of infrastructure.
? Primarily Asian carmakers (Hyundai, Mazda and Toyota) maintain a local dealership presence.