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: We are revising our outlook for the Norwegian autos sector downwards in 2016 as the economy
continues to adjust to a structural downturn in global energy prices, which will translate into weaker
vehicle demand. As a result, we now forecast growth of 2.6% in vehicle sales in 2016, down from our
previous forecast of 3.7% for the year.
? Vehicle sales will grow by 2.65% in 2016.
? Low consumer confidence, tight credit conditions and a weak labour market will continue to drag on
growth in the passenger car segment.
? A robust transport infrastructure pipeline will help drive demand for commercial vehicles.
? Norway will remain an oasis for electric vehicles - due to the continuation of subsidies until 2017 and the
development of a national charging grid.