Kuwait Autos Report Q2 2016 - New Market Report

A combination of a slowing economy , low oil prices and higher local interest rates continues to underpi n BMI's cautious stance towards the Kuwaiti new vehicle sales market in 2016. We are targeting just 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 growth than 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.

Full Report Details at
- http://www.fastmr.com/prod/1130937_kuwait_autos_report_q2_2016.aspx?afid=301

In 2015, Japanese carmaker Toyota retained its long-held local market leadership, accounting for over a third of the total market in Kuwait. In 2015, the Japanese carmaker sold 55,802 units in country, for a market 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.

The big gainer over 2015 was third-placed Mitsubishi, whose sales rose by 38% year-on-year (y-o-y), to 11,213 units (7.4% share).

Mitsubishi has received a clear sales boost from its Lancer EX model, which was the sixth most popular model in Kuwait during 2015 (4,785 units), up from 16 th position in 2014. The company's Pajero and Outlander models also saw strong gains.

Reflecting the increasing importance of Mitsubishi on the local sales market, this report contains a new Company Profile on Mitsubishi's local dealership partner Al Mulla Group.

This report also contains updated Company Profiles for Al-Sayer and KAICO.

The Kuwait Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Kuwait Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Kuwait.

Key Benefits
Benchmark BMI's independent automotives industry forecasts on Kuwait to test other views - a key input for successful budgetary and planning in the Kuwaiti automotives market.
Target business opportunities and risks in the Kuwaiti automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kuwait.
Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Industry SWOT Analysis

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