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: 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 Most foreign automotive companies have withdrawn their non-Libyan staff entirely from the country,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.