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: This quarter we maintain our negative near-term view on the Saudi Arabian autos sector. We
continue to target a 26.2% fall in sales over 2016, although certain luxury brands may outperform.
? The commercial vehicle segment will underperform over the coming two years, as heavy vehicle demand
is dampened by government cutbacks in infrastructure spending.
We continue to believe that the planned introduction of VAT in 2018 may prompt consumers to buy
greater numbers of new passenger cars in 2017 before the tax is implemented.
Chinese brands Changan and Chery were launched in the country in May 2016, underlining our view
that there remain opportunities in the lower priced car segment, despite the current market slowdown.