The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Despite low interest rates resulting in cheaper auto loans, high household debt levels will
dampen passenger vehicle sales. A relatively strong Japanese yen will favour Korean export;, however, we
believe the slowdown in China will continue to place downwards pressure of domestic production levels.
? Low interest rates will make access to vehicle finance cheaper and will support total vehicle sales.
? Government has announced stricter emissions regulations for 2017.
? Slow uptick in construction industry growth due to the hosting of the 2018 Winter Olympics will provide
a slight boost to commercial vehicle sales.
? Slowdown in China will drag on exports and total vehicle sales.