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: This quarter we maintain our negative near-term view on the UAE autos sector. We continue to
target a 15.0% fall in sales over 2016, although luxury brands will outperform.
? The commercial vehicle segment should outperform over 2016, as heavy vehicle demand remains robust
against the backdrop of an extensive pipeline of infrastructure projects.
? We continue to believe 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.
? Our view that the UAE will retain positive demand for luxury cars, despite the wider market slowdown,
has been borne out by the relatively strong performance of luxury brands over 4M16.