BMI View: For 2017, we continue to forecast an 8.5% increase in new vehicle sales, to just below 71,000units. We forecast commercial vehicle sales (10.7%) to outperform passenger car sales (5.0%).
We continue to believe the scene is set for another positive performance by Bangladesh's new vehiclesales market in 2017, although sales growth will slow from the double-digit expansion seen over2014-2016.
Falling auto loan rates and rising incomes continue to drive the buoyant PC segment.
However, our CV sales forecasts are facing growing downside risks, as a weaker economy leads tofalling business confidence, which will weigh on investment in areas such as fleet renewal.