Passenger Cars Witness All-Round Growth

Car sales are driving Kuwait's autos market, with total car sales reaching 91,162 units in 2011. Commercial vehicle sales are expected to increase 2.51% year-on-year (y-o-y) in 2011 to 32,864 units. BMI expects sales of cars and commercial vehicles to grow by 28.4% y-o-y and 12.6% y-o-y by 2016 respectively. BMI forecasts that total sales are expected to grow to 154,076 units in 2016. This 24.2% y-o-y growth to 2016 represents a significant opportunity for companies connected to the autos industry in the country. In terms of the wider economy, inflationary pressures in Kuwait will remain subdued throughout 2012, while Kuwait's fiscal position still remains in good shape heading into 2012.

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