Slow And Steady For Autos Growth

Kuwait's auto market is likely to grow at a predictable and stable rate through the course of 2011. Recent BMI figures show overall annual car sales surpassing 2008, the year before the financial crisis began. Under current projections, year-on-year (y-o-y) growth for 2011 will be just over 3.5%, which should mirror the state of the economy as a whole. BMI projections also see a 0.54% growth in the re-export sector over the course of 2011, down from 5.4% in 2010. This can be partially attributed to the slow-down of Government liquidity being generated around the world, and may also be part of a re-alignment of local import and re-sale practices.

To read the full article, please choose one of the following options: