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Kuwait Autos Report Q2 2016

Kuwait Autos Report Q2 2016

BMI View: A combination of a slowing economy, low oil prices and higher local interest rates continues tounderpin BMI's cautious stance towards the Kuwaiti new vehicle sales market in 2016. We are targetingjust 0.5% sales growth for the sector.

Key Views

This quarter, BMI has extended its forecast period to 2020.

Over this period, we expect new vehicle sales to show growth of 17%, a somewhat lower rate of growththan its GCC peers that reflects its less impressive economic growth fundamentals on a regional basis

A prolonged period of low global oil prices continues to pose a downside risk to our forecasts to 2020.

In 2015, Japanese carmaker Toyota retained its long-held local market leadership, accounting for over athird of the total market in Kuwait. In 2015, the Japanese carmaker sold 55,802 units in country, for amarket share of 37%, over three times its nearest rival Nissan.

Toyota made the five most popular models sold in the country over Q115, with its Prado, Hilux, Camry,Corolla and Land Cruiser models.


BMI Industry View
Key Views
SWOT
Industry Forecast
Table: Autos Total Market - Historical Data And Forecasts (Kuwait 2014-2020)
Sales
Auto Parts Remain A Growth Area
Passenger Vehicles
Table: Kuwait - Top 10 Manufacturers By Sales, 2015
Luxury Cars
Commercial Vehicles
Industry Risk Reward Ratings
Industry Risk/Reward Index
GCC Stability Offsets Sales Downgrades
Long-Term Potential Comes With Risk
Iran The Most Attractive Outlier
Company Profile
Al-Sayer (Toyota)
Al Mullah
Kuwait Automotive Imports (KAICO)
Regional Overview
Table: Middle East And North African Autos Production Investments
Iran Already Drawing A Crowd
North African Hub Expanding
Demographic Forecast
Table: Population Headline Indicators (Kuwait 1990-2025)
Table: Key Population Ratios (Kuwait 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
Table: Population By Age Group (Kuwait 1990-2025)
Table: Population By Age Group % (Kuwait 1990-2025)
Methodology
Industry Forecasts
Sector-Specific Methodology
Sources
Risk/Reward Index Methodology
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators

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