Libya Autos Report Q2 2016
BMI View: The short-term outlook for the Libyan new vehicle sales market remains fairly negative. This isprimarily due to the precarious security situation within the country, which has resulted in most foreignautomakers departing the market.
We expect 16% growth in new vehicle sales over 2016-2020, to reach over 30,000 units by 2020.
Most international carmakers have withdrawn their non-Libyan staff entirely from the Libyan market,given the ongoing operational and security challenges in the North African state.
In the short term, it does not look as though the operational environment for foreign carmakers looking tosell within Libya will improve dramatically.
If the security situation stabilises, then the local sales outlook would be encouraging for commercialvehicles, given the need for extensive reconstruction of infrastructure.
Primarily Asian carmakers (Hyundai, Mazda and Toyota) maintain a local dealership presence.
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