Thursday, 3 October 2013

United Arab Emirates Autos Report Q4 2013

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United Arab Emirates Autos Report Q4 2013
Oct 2nd 2013, 00:00

Price: $ 1295  

Over H113, UAE new car sales were up by a reported 12% y-o-y, at 166,290 units. This leaves the country well on course to hit BMI's forecast of 14% growth for the full year. Looking forward, BMI retains an optimistic outlook on new vehicle sales, forecasting further growth of 33.7% over the 2013-17 period. Underpinning our upbeat stance is BMI's positive view on the UAE economy, which we see expanding by 3.2% in real terms in 2013, rising to 3.8% in 2014. Although we expect growth in the UAE to slow in H213, as net exports fall on the back of lower oil prices over the rest of the year. However, there are bright spots for the economy as property prices in Dubai appear to have bottomed, and fixed investment continues apace ...

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