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 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.