Friday, 25 January 2013

United Arab Emirates Autos Report Q1 2013

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United Arab Emirates Autos Report Q1 2013
Jan 25th 2013, 00:00

BMI''s long held view about the UAE offering one of the most promising growth prospects for autos sales in the Middle East is beginning to play out, with new vehicle sales expected to grow by a robust 9.5% year-onyear (y-o-y) in 2012 (according to BMI forecasts). In addition to strong domestic demand conditions, we highlight increased migration as one of the potent factors driving growth in the sector in the short term. During the remainder of the forecast period to 2016, we believe that strong economic growth, coupled with improved access to auto financing will help the sector maintain average growth of 11.6% y-o-y between 2013 and 2016. At this rate, annual new vehicle sales in the count...

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