"Saudi Arabia Autos Report Q3 2016" is now available at Fast Market Research

In response to the government's prolonged austerity as a result of lower oil prices, we have revised down our total vehicle sales forecast to a contraction of 26 .2 % in 2016, led by a 30 .0 % drop in commercial vehicle sales, while passenger vehicle sales will fall 25 .0 %.

Key Views

The commercial vehicle segment will contract for the next two years as heavy vehicle demand is dampened against a backdrop of lower spending in the key construction/infrastructure sectors.

We believe the planned introduction of VAT in 2018 will prompt consumers to buy greater numbers of new passenger cars in 2017 before the tax is implemented.

We see opportunities at the lower end as consumers look to downsize, and also at the premium end, where more affluent consumers are less impacted by economic conditions.

Full Report Details at
- http://www.fastmr.com/prod/1182906_saudi_arabia_autos_report_q3.aspx?afid=301

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

BMI Research's Saudi Arabia 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 Saudi Arabia.

Key Benefits
Benchmark BMI's independent automotives industry forecasts on Saudi Arabia to test other views - a key input for successful budgetary and planning in the Saudi automotives market.
Target business opportunities and risks in the Saudi automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Saudi Arabia.
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

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end- 2019 for all key industry indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast, including:

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You may also be interested in these related reports:

- Australia Autos Report Q3 2016
- Singapore Autos Report Q3 2016
- Greece Autos Report Q3 2016
- Algeria Autos Report Q3 2016
- India Autos Report Q3 2016