Kuwait Shifts Down A Gear

May 2007 | BMI View

BMI's latest Kuwait Automotive Report forecasts modest growth in the country's car market over the next two years, followed by a decline in sales from 2009 onwards, due to a downturn in GDP growth. There were already signs of a downturn in the car market in Q1 when General Motors (GM) reported a 19% year-on-year (y-o-y) fall in sales to 3,006 units, compared to the 5% growth seen in 2006. It is possible that GM's downturn in Kuwaiti sales, which contrasted with a regional 16% y-o-y rise in Q1 sales, is due to a decline in overall demand in the

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